How Much Is a Guinea?

This is a question that more than 4283 of our readers have been asking us! Luckily, we have found the most appropriate information for you!

The guinea is a coin that held a face value of One pound and One shilling (£1.05p in decimal currency) but, at different times in history, was worth more or even less. It was struck from gold and if you have a gold guinea, it’s value is linked to the current price of gold.

The guinea began as a coin with a value of 20 shillings – as the pound is today – but fluctuations in the price of gold meant its value varies. In 1717, after many years of fluctuation in the value of a guinea – which must have caused headaches for traders accepting them as payment – the UK adopted the Gold Standard. This determined the value of gold of a certain weight and grade, and the guinea was proclaimed to have a face value of One Pound and One Shilling, which is still applied to it today. The guinea was in fact legal tender until decimalisation in 1971, although would rarely be used as direct payment in the latter years and had not been minted since 1813. First, let’s deal with the name: it is widely believed that the Guinea is so called because that is the name of the African country where the gold from which it was made was mined. In professional services – such as legal fees, the cost of medical treatment and so on – the guinea became the standard unit with which to invoice a client. For pub quiz fans that’s worth making a note of, as most of your opponents will include the Grand National, which is not a traditional classic! If you buy a thoroughbred horse at a traditional auction today, the chances are it will be knocked down at a hammer price of ‘£xxx Guineas’. Before we move on to finally answer the question as to the value of a guinea today, another horse racing related quiz answer for you: the UK ‘Triple Crown’ involves winning the 2000 Guineas Stakes, the Derby and the St Leger Stakes in the same year. We leave you with the inscription that is found on the edge of that £2 coin, written by one Stephen Kimble, who lived in the age of the original:

Is a guinea a dollar?

In the 1930s, the exchange rate was about 5 U.S. dollars to one pound Sterling. Therefore, a guinea was approximately $5.25.

How much is 25 guineas worth today?

25 guineas would then be the equivalent of 25 pounds and 25 shillings, or 26 pounds 5 shillings. Based on inflation alone, one 937 pound is worth about £69 today. 26 x 69 = 1794. Plus the 5 shillings, or 25p in today’s money, another £17, so about £1,811.

Why is a guinea 21 shillings?

The guinea was so called because it was originally made from African gold. Its value fluctuated between 20 and 30 shillings because of changes in the value of gold. It was declared to be worth 21 shillings in 1717.

Guinea pigs usually cost between $10 and $40, and you will need at least two. There are lots of guinea pigs without a home in pet shelters, so source your pets there if possible.

After this initial outlay – you’re looking at $100 minimum – you will be spending around three to six dollars a week on fresh bedding, and a similar sum on food. The sanctuary will know lots about your new pet, which is very useful when setting up a guinea pig enclosure at home for the first time.

The guinea (/ˈɡɪniː/ ; commonly abbreviated gn., or gns. in plural)[1] was a coin, minted in Great Britain between 1663 and 1814, that contained approximately one-quarter of an ounce of gold.[2] The name came from the Guinea region in West Africa, from where much of the gold used to make the coins was sourced.[3] It was the first English machine-struck gold coin, originally worth one pound sterling,[2] equal to twenty shillings, but rises in the price of gold relative to silver caused the value of the guinea to increase, at times to as high as thirty shillings. From 1717 to 1816, its value was officially fixed at twenty-one shillings.[4]

George III, “Spade” issue, 1795 The first guinea was produced on 6 February 1663; a proclamation of 27 March 1663 made the coins legal currency. The coin was originally worth one pound, or twenty shillings, but an increase in the price of gold during the reign of King Charles II led to the market trading it at a premium. [4] The elephant, with or without a howdah, was the emblem of the Royal African Company (RAC), which had been granted a monopoly on English trade with Africa in slaves, gold and other goods, from 1672 until 1698; gold imported from Africa by the RAC bore the elephant emblem beneath the monarch’s head on the coin. The obverse showed a fine right-facing bust of Charles II wearing a laurel wreath (amended several times during the reign), surrounded by the legend CAROLVS II DEI GRATIA (” Charles II by the grace of God”), while the reverse showed four crowned cruciform shields bearing the arms of England, Scotland, France, and Ireland, between which were four sceptres, and in the centre were four interlinked “C”s, surrounded by the inscription MAG BR FRA ET HIB REX (“Of Great Britain , France , and Ireland King”). In this reign, the coins weighed 8.5 g (0.27 ozt) with a diameter of 25–26 mm (0.98–1.02 in), and were minted in all years between 1685 and 1688, with an average gold purity of 0.9094. With the removal of James II in the Glorious Revolution of 1688, his daughter Mary and her husband Prince William of Orange reigned jointly as co-monarchs. In a departure from the previous reigns, the reverse featured a totally new design of a large crowned shield which bore the arms of England and France in the first and fourth quarters, of Scotland in the second quarter, and of Ireland in the third quarter, the whole ensemble having a small shield in the centre bearing the rampant lion of Nassau ; the legend on the obverse read MAG BR FR ET HIB REX ET REGINA (Of “Magna Britannia” Great Britain, “Francia” France and “Hibernia” Ireland King and Queen) and the year. The guinea coin was produced in all years from 1695 to 1701, both with and without the elephant and castle, the design probably being the work of Johann Crocker, also known as John Croker, since James Roettiers had died in 1698 and his brother Norbert had moved to France in 1695. William’s head faces right on his coins, with the legend GVLIELMVS III DEI GRATIA, while the reverse design of William and Mary’s reign was judged to be unsuccessful, so the design reverted to that used by Charles II and James II, but with a small shield with the lion of Nassau in the centre, with the legend MAG BR FRA ET HIB REX and the year. Until the Union, the cruciform shields on the reverse showed the arms of England, Scotland, France, and Ireland in order, separated by sceptres and with a central rose, and the legend MAG BR FRA ET HIB REG (“Of Great Britain, France, and Ireland Queen”) and the year. The 1714 obverse shows the right-facing portrait of the king with the legend GEORGIVS D G MAG BR FR ET HIB REX F D (“George, by the grace of God of Great Britain, France, and Ireland King, Fidei Defensor “), while the later coins bear the legend GEORGIVS D G M BR FR ET HIB REX F D. The reverse follows the same general design as before, except the order of the shields is England and Scotland, France, Ireland, and Hanover, with the legend in 1714 BRVN ET LVN DUX S R I A TH ET PR EL (” Duke of Brunswick and Lueneburg , Arch-Treasurer and Prince Elector of the Holy Roman Empire “) and the year, and in other years BRVN ET L DUX S R I A TH ET EL (“Duke of Brunswick and Lueneburg, Arch-Treasurer and Elector of the Holy Roman Empire”) and the year. King George II ‘s guinea pieces are a complex issue, with eight obverses and five reverses used through the 33 years of the reign. The obverse has a left-facing bust of the king with the legend GEORGIVS II DEI GRATIA (GEORGIUS II DEI GRA between 1739 and 1743), while the reverse features a single large crowned shield with the quarters containing the arms of England+Scotland, France, Hanover, and Ireland, and the legend M B F ET H REX F D B ET L D S R I A T ET E (“King of Great Britain, France and Ireland, Defender of the Faith, Duke of Brunswick and Lüneburg, Arch-Treasurer and Elector of the Holy Roman Empire”). The reverse of guineas issued between 1761 and 1786 show a crowned shield bearing the arms of England+Scotland, France, Ireland and Hanover, with the legend M B F ET H REX F D B ET L D S R I A T ET E and the date (“King of Great Britain, France and Ireland, Defender of the Faith, Duke of Brunswick and Lüneburg, Arch-Treasurer and Elector of the Holy Roman Empire”). Parliament passed a law making banknoteslegal tender in any amount, and in 1799 the production of guineas was halted, although half- and third-guineas continued to be struck. Bids are still made in guineas for the sale of racehorses at auction, at which the purchaser will pay the guinea-equivalent amount but the seller will receive only that number of pounds. [13] The new coin was designed by the artist Anthony Smith and features a reworking of the spade guinea from the late 18th century. Egyptian pound , the native name of which is derived from the guinea, to which it was approximately equal in value in the late 19th century.

There are many guinea pigs such as this Peruvian in pet shelters, waiting for new owners

How Much Do Guinea Pigs Cost To Adopt?

Fees vary, but the average adoption fee is $25. This money helps the shelter with running costs. The sanctuary will know lots about your new pet, which is very useful when setting up a guinea pig enclosure at home for the first time. The shelter may even be able to come to your home to make sure you’ve got the right kind of environment for a guinea pig.

Origin[edit]

TheWhen Britain adopted the gold standard the

Seventeenth century[edit]

The obverse and reverse of this coin were designed by John Roettiers (1631–c. 1700). The obverse showed a fine right-facing bust of Charles II wearing a laurel wreath (amended several times during the reign), surrounded by the legend CAROLVS II DEI GRATIA (“Charles II by the grace of God”), while the reverse showed four crowned cruciform shields bearing the arms of England, Scotland, France, and Ireland, between which were four sceptres, and in the centre were four interlinked “C”s, surrounded by the inscription MAG BR FRA ET HIB REX (“Of Great Britain, France, and Ireland King”). The edge was milled to deter clipping or filing, and to distinguish it from the silver half-crown which had edge lettering. Until 1669 the milling was perpendicular to the edge, giving vertical grooves, while from 1670 the milling was diagonal to the edge.

James II[edit]

John Roettiers continued to design the dies for this denomination during the reign of King James II. In this reign, the coins weighed 8.5 g (0.27 ozt) with a diameter of 25–26 mm (0.98–1.02 in), and were minted in all years between 1685 and 1688, with an average gold purity of 0.9094. Coins of each year were issued both with and without the elephant-and-castle mark. The king’s head faces left in this reign, and is surrounded by the inscription IACOBVS II DEI GRATIA (“James II by the grace of God”), while the reverse is the same as in Charles II’s reign except for omitting the interlinked “C”s in the centre of the coin. The edge of the coins are milled diagonally.

Mary & William[edit]

With the removal of James II in the Glorious Revolution of 1688, his daughter Mary and her husband Prince William of Orange reigned jointly as co-monarchs. Their heads appear conjoined on the guinea piece in Roman style, with William’s head uppermost, with the legend GVLIELMVS ET MARIA DEI GRATIA (“William and Mary by the grace of God”). In a departure from the previous reigns, the reverse featured a totally new design of a large crowned shield which bore the arms of England and France in the first and fourth quarters, of Scotland in the second quarter, and of Ireland in the third quarter, the whole ensemble having a small shield in the centre bearing the rampant lion of Nassau; the legend on the obverse read MAG BR FR ET HIB REX ET REGINA (Of “Magna Britannia” Great Britain, “Francia” France and “Hibernia” Ireland King and Queen) and the year. By the early part of this reign the value of the guinea had increased to nearly 30 shillings. The guineas of this reign weighed 8.5 g (0.30 oz), were 25–26 mm (0.98–1.02 in) in diameter, and were the work of James and Norbert Roettiers. They were produced in all years between 1689 and 1694 both with and without the elephant and castle; in 1692 and 1693 the mark of the elephant alone was also used.Following the death of Queen Mary from smallpox in 1694, William continued to reign as William III. The guinea coin was produced in all years from 1695 to 1701, both with and without the elephant and castle, the design probably being the work of Johann Crocker, also known as John Croker, since James Roettiers had died in 1698 and his brother Norbert had moved to France in 1695.The coins of William III’s reign weighed 8.4 g (0.27 ozt) with an average gold purity of 0.9123. The diameter was 25–26 mm (0.98–1.02 in) until 1700 and 26–27 mm (1.02–1.06 in) in 1701. William’s head faces right on his coins, with the legend GVLIELMVS III DEI GRATIA, while the reverse design of William and Mary’s reign was judged to be unsuccessful, so the design reverted to that used by Charles II and James II, but with a small shield with the lion of Nassau in the centre, with the legend MAG BR FRA ET HIB REX and the year. The coin had a diagonal milled edge.

Eighteenth century[edit]

Queen Anne[edit]

During the reign of Queen Anne (1702–1714) guineas were produced in all years between 1702 and 1714 except for 1704. The 1703 guinea bears the word VIGO under the Queen’s bust, to commemorate the origin of the gold taken from Spanish ships captured at the Battle of Vigo Bay.With the Acts of Union 1707 creating a unified Kingdom of Great Britain through the union of the Parliament of Scotland with the Parliament of England, the design of the reverse of the first truly British guinea was changed. Until the Union, the cruciform shields on the reverse showed the arms of England, Scotland, France, and Ireland in order, separated by sceptres and with a central rose, and the legend MAG BR FRA ET HIB REG (“Of Great Britain, France, and Ireland Queen”) and the year. With the Act of Union, the English and Scottish arms appear conjoined on one shield, with the left half being the English arms and the right half being the Scottish arms, and the order of arms appearing on the shields becomes England and Scotland, France, England and Scotland, Ireland. The elephant and castle can appear on the coins of 1708 and 1709. The centre of the reverse design shows the Star of the Order of the Garter.The coins weighed 8.3 g (0.29 oz), were 25 mm (0.98 in) in diameter, and had a gold purity of 0.9134. The edge of the coin is milled diagonally.The dies for all guineas of Queen Anne and King George I were engraved by John Croker, an immigrant originally from Dresden in the Duchy of Saxony.

George I[edit]

King George I’s guinea coins were struck in all years between 1714 and 1727, with the elephant and castle sometimes appearing in 1721, 1722, and 1726. His guineas are notable for using five different portraits of the king, and the 1714 coin is notable for declaring him to beThe 1714 obverse shows the right-facing portrait of the king with the legend GEORGIVS D G MAG BR FR ET HIB REX F D (“George, by the grace of God of Great Britain, France, and Ireland King, Fidei Defensor”), while the later coins bear the legend GEORGIVS D G M BR FR ET HIB REX F D. The reverse follows the same general design as before, except the order of the shields is England and Scotland, France, Ireland, and Hanover, with the legend in 1714 BRVN ET LVN DUX S R I A TH ET PR EL (“Duke of Brunswick and Lueneburg, Arch-Treasurer and Prince Elector of the Holy Roman Empire”) and the year, and in other years BRVN ET L DUX S R I A TH ET EL (“Duke of Brunswick and Lueneburg, Arch-Treasurer and Elector of the Holy Roman Empire”) and the year. The edge of the coin is milled diagonally.The value of the guinea had fluctuated over the years from 20 to 30 shillings and back down to 21 shillings and sixpence by the start of George’s reign. In 1717, Great Britain adopted the gold standard, at a rate of one guinea to 129.438 grains (8.38 g, 0.30 oz) of crown gold, which was 22 carat gold,

George II[edit]

King George II’s guinea pieces are a complex issue, with eight obverses and five reverses used through the 33 years of the reign. The coins were produced in all years of the reign except 1742, 1744, 1754, and 1757. The coins weighed 8.3–8.4 g (0.29–0.30 oz), and were 25–26 mm (0.98–1.02 in) in diameter except for some of the 1727 coins which were 24–25 mm. The average gold purity was 0.9140. Some coins issued between 1729 and 1739 carry the mark EIC under the king’s head, to indicate the gold was provided by the East India Company, while some 1745 coins carry the mark LIMA to indicate the gold came from Admiral George Anson’s round-the-world voyage. In the early part of the reign the edge of the coin was milled diagonally, but from 1739 following the activities of a particularly bold gang of guinea filers for whom a reward was posted, the milling was changed to produce the shape of a chevron or arrowhead. In 1732 the old hammered gold coinage was demonetised, and it is thought that some of the old coins were melted down to create more guineas.The obverse has a left-facing bust of the king with the legend GEORGIVS II DEI GRATIA (GEORGIUS II DEI GRA between 1739 and 1743), while the reverse features a single large crowned shield with the quarters containing the arms of England+Scotland, France, Hanover, and Ireland, and the legend M B F ET H REX F D B ET L D S R I A T ET E (“King of Great Britain, France and Ireland, Defender of the Faith, Duke of Brunswick and Lüneburg, Arch-Treasurer and Elector of the Holy Roman Empire”).Unlike the two-guinea and five-guinea coins, production of the guinea continued through much of the long reign of King George III.

George III[edit]

The guineas of King George III weighed 8.4 g (0.27 ozt) and were 25 mm (0.98 in) in diameter, with an average gold purity (at the time of the 1773 assay) of 0.9146 (meaning it contained 7.7 g (0.25 ozt) of gold). They were issued with six different obverses and three reverses in 1761, 1763–79, 1781–99, and 1813. All the obverses show right-facing busts of the king with the legend GEORGIVS III DEI GRATIA with different portraits of the king. The reverse of guineas issued between 1761 and 1786 show a crowned shield bearing the arms of England+Scotland, France, Ireland and Hanover, with the legend M B F ET H REX F D B ET L D S R I A T ET E and the date (“King of Great Britain, France and Ireland, Defender of the Faith, Duke of Brunswick and Lüneburg, Arch-Treasurer and Elector of the Holy Roman Empire”). In 1787 a new design of reverse featuring a spade-shaped shield was introduced, with the same legend; this has become known as theIn 1774 almost 20 million worn guineas of King William III and Queen Anne were melted down and recoined as guineas and half-guineas.Towards the end of the century gold began to become scarce and rise in value. The French Revolution and the subsequent French Revolutionary Wars had drained gold reserves and people started hoarding coins. Parliament passed a law making banknotes legal tender in any amount, and in 1799 the production of guineas was halted, although half- and third-guineas continued to be struck. Following the Act of Union between Great Britain and Ireland in 1800, the king’s titles changed, and an Order in Council of 5 November 1800 directed the Master of the Mint to prepare a new coinage, but although designs were prepared, the production of guineas was not authorised.

Nineteenth century[edit]

In 1813 it was necessary to strike 80,000 guineas to pay the Duke of Wellington’s army in the Pyrenees, as the local people would accept only gold in payment. This issue has become known as the

Replacement by the pound[edit]

In the Great Recoinage of 1816, the guinea was replaced by the pound as the major unit of currency, and in coinage by the sovereign.Even after the guinea coin ceased to circulate, theBids are still made in guineas for the sale of racehorses at auction, at which the purchaser will pay the guinea-equivalent amount but the seller will receive only that number of pounds. The difference (5p in each guinea) is traditionally the auctioneer’s commission (which thus, effectively, amounts to 5% on top of the sales price free from commission). Many major horse races in Great Britain, Ireland, Canada, New Zealand and Australia bear names ending in “Guineas”, even though the nominal values of their purses today are much higher than the £1,050 or £2,100 suggested by their names.

Commemorative £2 coin (2013)[edit]

In 2013 the Royal Mint issued a £2 coin to celebrate the 350th anniversary of the minting of the first guinea coin.

Gallery[edit]

Notes[edit]

Gladys Chism
I stay high because it doesn't hurt from up here. I would like to be remembered as a man who had a wonderful time living life Social media fanatic. Problem solver. Troublemaker. Bacon buff. Professional zombie geek. Lifelong tv junkie. Interests: Embroidery, Genealogy, Wine Tasting
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