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

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CategoriesNooks and cranniesYesteryearSemantic enigmasThe body beautifulRed tape, white liesSpeculative scienceThis sceptred isleRoot of all evilEthical conundrumsThis sporting lifeStage and screenBirds and the bees root OF every EVILWhat is the origin of the guinea (1 pound & 1 shilling) was the shilling to pay the professional"s lackies?Richard Hooker, Caterham, UK Is it unreasonable to indicate the principle was developed by the top classes to confuse and also con the uneducated functioning man? Stranger things have happened yet I would choose to recognize the genuine answer. Fraser Adam, Aberdeen, UK The amount of yellow in coinage at any details time was fixed, however, the worth of that same amount the gold can vary. For example, yellow coins first struck in, say, 1660, were valued at 22 shillings by, say 1680. To against this impact the portion of gold in a pound coin differed over time in between 90% and 92%, and also the weight of the coins (in decimal right here for convenience) between 8.3 and 8.5 gms.In 1816, the brand-new "sovereign" pound coin to be introduced. These consisted of 7.9 gms the gold, and also had a fixed value the 20 shillings. Pound coins struck prior to 1816 kept their premium, but now standardised together 21 shillings.And yes, the weird shilling was regularly paid to underlings, such as solictors" clerks - as their part of all at once fees.Why guinea? since the Guinea coastline was fabled for its gold, and also its name ended up being attached to various other things favor guinea fowl, and brand-new Guinea. Peter Brooke, by Kinmuck, Scotland The gold provided to make the Guinea coins (circa. 1717) was said to have come indigenous Guinea, Africa. Check out the following URL: http://www.predecimal.com/p8milled.htm Ian Ward, Middx, UK The guinea was presented in 1663 together a yellow coin worth twenty shillings, simply as the later sovereign or pound were to be. Shillings to be made that silver. Differences in the family member value the silver and also gold quickly meant the the gold guinea became worth an ext than twenty shillings. By 1694 it to be worth twenty-one shillings and sixpence and also it reached even thirty shillings in ~ one time.In 1816 the mint issued sovereigns, precious twenty shillings and which had less gold 보다 the guinea, i m sorry itself had then levelled come twenty-one shillings. Afterwards no guineas to be issued. The professions ongoing to fee in "guineas" the twenty-one shillings. Together late together the 1960s there to be a tradition at the Bar the the pound, twenty shillings, saw the barrister and the one shilling come his clerk, for this reason the clerk got 5% on the barrister"s fee. However, the clerks had actually by climate devised an practically incomprehensible range for miscellaneous fees , still based upon that principle, which always seemed to work-related slightly more in their favour. Christopher Nutt, Cambridge due to the fact that gold coins manufactured prior to the quantity of yellow in lb coins to be standardised contained more gold, and therefore were worth more money. Thus 21 shillings for pre 1816 coins. Why Guinea? Association with the fabled wide range of the gold coast. Peter Brooke, by Kinmuck, Scotland The guinea to be so called since it was initially made from african gold. Its value fluctuated in between 20 and 30 shillings due to the fact that of alters in the worth of gold. That was asserted to be worth 21 shillings in 1717. Andrew Bloomfield, Banja, Luka Bosnia add your answer


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