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:


22 Carat Full Gold Sovereign
22 Carat Full Gold Sovereign
£ 924.70
1873 Young Queen Victoria Full Gold Sovereign
1873 Young Queen Victoria Full Gold Sovereign
£ 935.59
1910 Royal Mint Full Gold Sovereign Sydney Mint – PCGS MS63 - Scarce in Grade
1910 Royal Mint Full Gold Sovereign Sydney Mint – PCGS MS63 - Scarce in Grade
£ 996.10
22ct full gold sovereign coin,1958 Queen Elizabeth 2
22ct full gold sovereign coin,1958 Queen Elizabeth 2
£ 950.20
2022 Full Gold Sovereign Royal Arms bullion coin 7.99g 22ct unboxed
2022 Full Gold Sovereign Royal Arms bullion coin 7.99g 22ct unboxed
£ 895.00
1817 King George III Half Sovereign Gold Coin
1817 King George III Half Sovereign Gold Coin
£ 771.70
GEORGE V Half Sovereign Coin 22 Carat Gold 1913 3.99g XF - EHB
GEORGE V Half Sovereign Coin 22 Carat Gold 1913 3.99g XF - EHB
£ 600.00
22 Carat 2002Half Sovereign In a 9ct Gold Pendant.
22 Carat 2002Half Sovereign In a 9ct Gold Pendant.
£ 799.99
View Coins on eBay UK
View Coins on eBay USA

USA On eBay USA:


22 Carat Full Gold Sovereign
22 Carat Full Gold Sovereign
£ 924.70
1873 Young Queen Victoria Full Gold Sovereign
1873 Young Queen Victoria Full Gold Sovereign
£ 935.59
1910 Royal Mint Full Gold Sovereign Sydney Mint – PCGS MS63 - Scarce in Grade
1910 Royal Mint Full Gold Sovereign Sydney Mint – PCGS MS63 - Scarce in Grade
£ 996.10
22ct full gold sovereign coin,1958 Queen Elizabeth 2
22ct full gold sovereign coin,1958 Queen Elizabeth 2
£ 950.20
2022 Full Gold Sovereign Royal Arms bullion coin 7.99g 22ct unboxed
2022 Full Gold Sovereign Royal Arms bullion coin 7.99g 22ct unboxed
£ 895.00
1817 King George III Half Sovereign Gold Coin
1817 King George III Half Sovereign Gold Coin
£ 771.70
GEORGE V Half Sovereign Coin 22 Carat Gold 1913 3.99g XF - EHB
GEORGE V Half Sovereign Coin 22 Carat Gold 1913 3.99g XF - EHB
£ 600.00
22 Carat 2002Half Sovereign In a 9ct Gold Pendant.
22 Carat 2002Half Sovereign In a 9ct Gold Pendant.
£ 799.99
View Coins on eBay UK
View Coins on eBay USA