The guinea coin was first issued in 1663, when the British crown authorized the Royal Mint to manufacture 20-shilling gold pieces "in the name and for the use of the Company of Royal Adventurers with Africa." Forty-four of the coins were the equivalent of one pound of gold.
Guineas were originally minted of gold imported from the Guinea Coast of West Africa, hence their name.
In the Great Recoinage of 1816, the guinea was replaced as the major unit of currency by the pound, its value then was down to 21 shillings, a price it is now equivalent to.
The first edition of Charles Dickens' debut novel, Pickwick Papers appeared in 1836. Dickens received 14 guineas for each monthly installment of Pickwick Papers.
The first Wimbledon tennis tournament in 1877 featured 21 men competing for a 25-guinea prize.
Guineas were originally minted of gold imported from the Guinea Coast of West Africa, hence their name.
In the Great Recoinage of 1816, the guinea was replaced as the major unit of currency by the pound, its value then was down to 21 shillings, a price it is now equivalent to.
The first edition of Charles Dickens' debut novel, Pickwick Papers appeared in 1836. Dickens received 14 guineas for each monthly installment of Pickwick Papers.
The first Wimbledon tennis tournament in 1877 featured 21 men competing for a 25-guinea prize.
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