The Guinea

1813 George III Gold 'Military' Guinea Obverse. Image: M J Hughes Coins
1813 George III Gold 'Military' Guinea Obverse. Image: M J Hughes Coins
1813 George III Gold ‘Military’ Guinea Obverse. Image: M J Hughes Coins

The Guinea is a famous British gold coin minted between 1663 and 1814. The coin was originally created as a one pound coin (20 shillings) but is better known as being worth One Pound and One Shilling (21 shillings).

After the English Civil War, King Charles II introduced new coinage. A gold coin, approximately a quarter of an ounce, was issued and for the first time it was not hammered. Made by machine using gold from the Guinea Coast of West Africa the coin probably became the most important coin of the realm.

1813 George III Gold 'Military' Guinea Reverse. Image: M J Hughes Coins
1813 George III Gold ‘Military’ Guinea Reverse. Image: M J Hughes Coins

Originally 20 shillings, the coin actually fluctuated with the gold price, at times being as high as 30 shillings. In 1717 the Guinea became fixed at 21 shillings (in today’s money that is £1.05). Other coins of the family were also minted, such as half-guinea, two-guinea and five-guinea.

In the Great Recoinage of 1816 the Guinea was replaced by the Pound and the Sovereign became the gold coin in use. Long after the Guinea was retired the name continued to be used, especially for prestige purchases intended for the more wealthy. Even now racehorses are still sold in Guineas (the auctioneer traditionally taking the 5p as commission).

Guineas are 25mm in diameter, weigh about 8.38g and are 22 carat gold (91.6%). Prior to 1717 they weighed slightly less (around 8.3g) and were made of 91.34% gold.


UK On eBay UK:


1860 Victorian Gold Sovereign
1860 Victorian Gold Sovereign
£ 922.00
1911 Full Gold Sovereign Coin  George v. Priced To Sell.
1911 Full Gold Sovereign Coin George v. Priced To Sell.
£ 823.00
1904 King Edward VII 22 carat gold full sovereign in 9carat gold pendant
1904 King Edward VII 22 carat gold full sovereign in 9carat gold pendant
£ 873.70
RARE 1872 M Melbourne Victoria Young Head Shield Gold Sovereign 1st Year Mint
RARE 1872 M Melbourne Victoria Young Head Shield Gold Sovereign 1st Year Mint
£ 975.00
2006 Queen Elizabeth II Full Gold Sovereign 22k Royal Mint
2006 Queen Elizabeth II Full Gold Sovereign 22k Royal Mint
£ 817.60
2022 Gold Quarter Sovereign Memorial Issue 22ct Gold Royal Mint Capsule
2022 Gold Quarter Sovereign Memorial Issue 22ct Gold Royal Mint Capsule
£ 257.58
The Royal Mint Quarter-Sovereign Bullion Gold Coin 0.9167 Fine 1.99g
The Royal Mint Quarter-Sovereign Bullion Gold Coin 0.9167 Fine 1.99g
£ 255.50
Queen Victoria 22ct Gold Sovereign Coin 1886 D.G. Britanniar Melbourne Preloved
Queen Victoria 22ct Gold Sovereign Coin 1886 D.G. Britanniar Melbourne Preloved
£ 1,000.00
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USA On eBay USA:


1860 Victorian Gold Sovereign
1860 Victorian Gold Sovereign
£ 922.00
1911 Full Gold Sovereign Coin  George v. Priced To Sell.
1911 Full Gold Sovereign Coin George v. Priced To Sell.
£ 823.00
1904 King Edward VII 22 carat gold full sovereign in 9carat gold pendant
1904 King Edward VII 22 carat gold full sovereign in 9carat gold pendant
£ 873.70
RARE 1872 M Melbourne Victoria Young Head Shield Gold Sovereign 1st Year Mint
RARE 1872 M Melbourne Victoria Young Head Shield Gold Sovereign 1st Year Mint
£ 975.00
2006 Queen Elizabeth II Full Gold Sovereign 22k Royal Mint
2006 Queen Elizabeth II Full Gold Sovereign 22k Royal Mint
£ 817.60
2022 Gold Quarter Sovereign Memorial Issue 22ct Gold Royal Mint Capsule
2022 Gold Quarter Sovereign Memorial Issue 22ct Gold Royal Mint Capsule
£ 257.58
The Royal Mint Quarter-Sovereign Bullion Gold Coin 0.9167 Fine 1.99g
The Royal Mint Quarter-Sovereign Bullion Gold Coin 0.9167 Fine 1.99g
£ 255.50
Queen Victoria 22ct Gold Sovereign Coin 1886 D.G. Britanniar Melbourne Preloved
Queen Victoria 22ct Gold Sovereign Coin 1886 D.G. Britanniar Melbourne Preloved
£ 1,000.00
View Coins on eBay UK
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