Guinea coins

Guinea coins

Guinea coins were minted in the between 1663 and 1813.  It was the first English machine-struck gold coin, originally worth one pound sterling,  equal to twenty shillings; but rises in the price of gold caused the value of the guinea to increase, at times to as high as thirty shillings; from 1717 till 1816, its value was officially fixed at twenty-one shillings. Following that, Great Britain adopted the gold standard and guinea became a colloquial term.

The name came from the Guinea region in West Africa, where much of the gold used to make the coins originated.  Although no longer circulated, the term guinea survives in some circles, notably horse racing,  and in the sale of rams, to mean an amount of one pound and one shilling (21 shillings) or one pound and five pence in decimalised currency. The name also forms the basis for the Arabic word for the Egyptian pound, as a sum of 100 qurush (i.e., one pound) was worth approximately 21 shillings at the end of the 19th century.

What are Guinea coins worth?

Guinea coins still capture the imagination of most coin collectors who dream of finding a hoard of these beautiful golden coins. It is a particularly attractive coin and one that few coin collectors will ever actually own (not least due to the ever rising value of gold which is putting many rare gold coins out of the reach of coin collectors).

Please see below for guinea coins current value information.

Guinea coins for sale

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