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You are watching: How much is a guinea worth in dollars

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CategoriesNooks and also cranniesYesteryearSemantic enigmasThe body beautifulRed tape, white liesSpeculative scienceThis sceptred isleRoot of every evilEthical conundrumsThis sporting lifeStage and screenBirds and also the bees source OF every EVILWhat is the origin of the guinea (1 lb & 1 shilling) was the shilling to salary the professional"s lackies?Richard Hooker, Caterham, UK Is it insignificant to suggest the principle was developed by the upper classes come confuse and also con the uneducated functioning man? Stranger things have actually happened but I would favor to understand the actual answer. Fraser Adam, Aberdeen, UK The quantity of gold in coinage in ~ any particular time to be fixed, however, the value of that very same amount the gold can vary. For example, yellow coins first struck in, say, 1660, were valued at 22 shillings by, speak 1680. To counteract this result the percentage of gold in a pound coin varied over time between 90% and 92%, and the weight of the coins (in decimal here for convenience) in between 8.3 and 8.5 gms.In 1816, the brand-new "sovereign" pound coin to be introduced. These included 7.9 gms the gold, and also had a addressed value that 20 shillings. Lb coins struck before 1816 retained their premium, however now standardised together 21 shillings.And yes, the weird shilling was regularly paid come underlings, such as solictors" clerks - as their component of as whole fees.Why guinea? because the Guinea shore was fabled for its gold, and also its name came to be attached to various other things prefer guinea fowl, and brand-new Guinea. Peter Brooke, by Kinmuck, Scotland The gold offered to do the Guinea coins (circa. 1717) was claimed to have come native Guinea, Africa. View the following URL: http://www.predecimal.com/p8milled.htm Ian Ward, Middx, UK The guinea was presented in 1663 together a gold coin worth twenty shillings, just as the later on sovereign or pound were to be. Shillings to be made that silver. Distinctions in the loved one value the silver and gold shortly meant that the gold guinea became worth an ext than twenty shillings. By 1694 it to be worth twenty-one shillings and also sixpence and also it reached also thirty shillings at one time.In 1816 the mint issued sovereigns, worth twenty shillings and which included less gold than the guinea, i beg your pardon itself had then levelled come twenty-one shillings. After that no guineas were issued. The professions ongoing to charge in "guineas" the twenty-one shillings. As late as the 1960s there was a heritage at the Bar that the pound, twenty shillings, went to the barrister and also the one shilling to his clerk, for this reason the clerk obtained 5% on the barrister"s fee. However, the clerks had by then devised an practically incomprehensible scale for miscellaneous fees , still based upon that principle, which always seemed to job-related slightly much more in your favour. Christopher Nutt, Cambridge since gold coins manufactured prior to the quantity of gold in pound coins was standardised contained an ext gold, and also therefore were worth much more money. Hence 21 shillings for pre 1816 coins. Why Guinea? Association v the fabled wealth of the yellow coast. Peter Brooke, by Kinmuck, Scotland The guinea to be so called due to the fact that it was initially made from afri gold. Its value fluctuated in between 20 and 30 shillings due to the fact that of alters in the worth of gold. It was claimed to be worth 21 shillings in 1717. Andrew Bloomfield, Banja, Luka Bosnia add your answer


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