Currency compare 196012/23/2023 ![]() It did not appear to last very long because, I have been given to understand, it was easily forged." It had to be folded to fit into a wallet and I never possessed more than one at a time and then infrequently. It was larger than other notes, stiff and very white with black lettering. I was given 4 gold guinea coins when I was 13." Therefore ceased to be used as such as they became collectors items, for the gold presumably. "A Guinea coin was available as legal tender and they were minted from gold. ![]() You paid tradesmen, such as a carpenter, in pounds but gentlemen, such as an artist, in guineas.Ī third of a guinea equalled exactly seven shillings.īecause the Guinea coast was fabled for its gold, and its name became attached to other things like guinea fowl, and New Guinea. = penny (for 'denarius', a Roman silver coin)Ī £1 coin was called a Sovereign and was made of gold.ġ guinea = £1-1s-0d ( £1/1/- ) = one pound and one shilling = 21 shillingsġ guinea could be written as '1g' or '1gn'.Ī guinea was considered a more gentlemanly amount than £1. The ' £' sign developed from the ' l' for libra. The symbols ' s' for shilling and ' d' for pence derive from the Latin solidus and denarius used in the Middle Ages. A pound sterling thus weighed 240 pennyweights, or a pound of sterling silver. ![]() The penny was literally one pennyweight of silver. It was based on the troy system of weighing precious metals. The pre-decimalisation British system of coinage was introduced by King Henry II.
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