I'm trying to understand the value of 1 guinea. I've heard people use this term in old movies or books, but I'm not sure how much it's actually worth. Can someone explain what 1 guinea represents in terms of modern currency or purchasing power?
7
answers
CryptoQueen
Wed Mar 12 2025
The coin in question possessed a nominal face value approximating 20 Shillings.
alexander_smith_musician
Wed Mar 12 2025
This sum is equivalent to the modern-day value of one pound.
SsamziegangSerenade
Wed Mar 12 2025
Notably, the value of the coin wasn't static over time.
CryptoElite
Tue Mar 11 2025
It experienced fluctuations, reaching as high as 30 Shillings at some points.
Andrea
Tue Mar 11 2025
During its final production years spanning from 1717 to 1816, the Guinea's value underwent standardization.