FACTOID # 91: In the Maldives, there are more than 2 jails for every 1000 people.
 
 Home   Encyclopedia   Statistics   Countries A-Z   Flags   Maps   Education   Forum   FAQ   About 
 
 
 
WHAT'S NEW
RECENT ARTICLES
More Recent Articles »
 

SEARCH ALL

FACTS & STATISTICS    Advanced view

Search encyclopedia, statistics and forums:

 

 

(* = Graphable)

 

 


Encyclopedia > British coin Guinea

The Guinea coin of 1663 was the first British machine-struck gold coin. The first one was produced on 6 February 1663 (1662 Old Style), and was made legal currency by a Proclamation of 27 March 1663. 44 and one half guineas would be made from one Troy pound of 11/12 fineness gold, each weighing 129.4 grains. The denomination was originally worth one pound, or twenty shillings, but an increase in the price of gold during Charles II's reign led to it being traded at a premium. In 1670 the weight of the coin was reduced from 8.4–8.5 g to 8.3–8.4 g, but the price of gold continued to increase, and by the 1680s the coin was worth 22 shillings. The diameter of the coin was 25 millimetres throughout Charles II's reign, and the average gold content (from an assay done in 1773) was 0.9100. "Guinea" was not an official name for the coin, but much of the gold used to produce the early coins came from Guinea in Africa, the Africa Company having a charter which allowed them to put their symbol, an elephant or later an elephant and castle, beneath the king's effigy on the coins, and the term "guinea" originated from this. The coin was produced each year between 1663 and 1684, with the elephant appearing on some coins each year from 1663–1665 and 1668, and the elephant and castle on some coins from 1674 onwards. // Events Prix de Rome scholarship established for students of the arts. ... General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... February 6 is the 37th day of the year in the Gregorian Calendar. ... // Events Prix de Rome scholarship established for students of the arts. ... In Britain and countries of the British Empire, Old Style or O.S. after a date means that the date is in the Julian calendar, in use in those countries until 1752; New Style or N.S. means that the date is in the Gregorian calendar, adopted on 14 September... March 27 is the 86th day of the year in the Gregorian Calendar (87th in Leap years). ... // Events Prix de Rome scholarship established for students of the arts. ... Troy weight is a system of units of mass customarily used for precious metals and gemstones. ... Charles II (29 May 1630–6 February 1685) was the King of England, Scotland, and Ireland from 30 January 1649 (de jure) or 29 May 1660 (de facto) until his death. ... 1670 was a common year beginning on a Saturday in countries using the Julian calendar and a Wednesday in countries using the Gregorian calendar. ... Centuries: 16th century - 17th century - 18th century Decades: 1630s 1640s 1650s 1660s 1670s - 1680s - 1690s 1700s 1710s 1720s 1730s Years: 1680 1681 1682 1683 1684 1685 1686 1687 1688 1689 Events and Trends The Treaty of Ratisbon between France and England in 1684 ended the Age of Buccaneers. ... The shilling (or informally: bob) was a British coin first issued in 1548 for Henry VIII, although arguably the testoon issued about 1487 for Henry VII was the first shilling. ... 1773 was a common year starting on Friday (see link for calendar). ... Genera and Species Loxodonta Loxodonta cyclotis Loxodonta africana Elephas Elephas maximus Elephas recki (extinct) Stegodon (extinct) Deinotherium (extinct) Mammuthus (extinct) Elephantidae (the elephants) is a family of animals, the only family in the order Proboscidea that still exists today. ...


The obverse and reverse of this coin were designed by John Roettier (1631–c. 1700). The obverse showed a fine right-facing bust of the king wearing a laurel wreath (amended several times during the reign), surrounded by the legend CAROLVS II DEI GRATIA, while the reverse showed four crowned cruciform shields bearing the arms of England, Scotland, France, and Ireland, between which were four sceptres, and in the centre were four interlinked "C"s, surrounded by the inscription MAG BR FRA ET HIB REX date. To avoid confusion with gilded silver coins the edge was milled to deter clipping or filing (and to distinguish it from the silver half-crown which had edge lettering). Until 1669 the milling was perpendicular to the coin, giving vertical grooves, while from 1670 the milling was diagonal to the coin.


John Roettier continued to design the dies for this denomination in the reign of James II. In this reign, the coins weighed 8.5 g with a diameter of 25–26 mm, and were minted in all years between 1685 and 1688, with an average gold content of 0.9094. Coins of each year were issued both with and without the elephant and castle mark. The king's head faces left in this reign, and is surrounded by the inscription IACOBUS II DEI GRATIA, while the obverse is the same as in Charles II's reign except for omitting the interlinked "C"s in the centre of the coin. The edge of the coins are milled diagonally. King James VII and II ( 14 October 1633–16 September 1701 ) became King of England, Scotland, and Ireland from 6 February 1685. ...


With the removal of James II in the Glorious Revolution of 1688, his daughter Mary, and her husband Prince William of Orange ruled jointly by agreement as co-monarchs. Their heads appear conjoined on the guinea piece in Roman style, with William's head uppermost, with the legend GVLIELMVS ET MARIA DEI GRATIA. In a departure from the previous reigns the reverse featured a totally new design of a large crowned shield which bore the arms of France in the first quarter, of Scotland in the second quarter, of Ireland in the third quarter, and of England in the fourth quarter, the whole ensemble having a small shield in the centre bearing the rampant lion of Nassau; the legend on the obverse read MAG BR FR ET HIB REX ET REGINA date. By the early part of this reign the value of the guinea had increased to nearly thirty shillings. The guineas of this reign weighed 8.5 grams, were 25–26 mm in diameter, and were the work of James and Norbert Roettier and were produced in all years between 1689 and 1694 both with and without the elephant and castle; in 1692 and 1693 the mark of the elephant alone was also used. The term Glorious Revolution refers to the generally popular overthrow of James II of England in 1688. ... Queen Mary II (30 April 1662–28 December 1694) reigned as Queen of England and Ireland from 13 February 1689 until her death, and as Queen of Scotland from 11 April 1689 until her death. ... For other men named William of Orange, see William of Orange (disambiguation) William III of England (14 November 1650–8 March 1702; also known as William II of Scotland, William Henry and William of Orange) was a Dutch aristocrat and the Holy Roman Empires Prince of Orange from his... Royal motto: Nemo me impune lacessit (Latin: No one provokes me with impunity) Scotlands location within the UK Languages with Official Status1 English Scottish Gaelic Capital Edinburgh Largest city Glasgow First Minister Jack McConnell Area  - Total  - % water Ranked 2nd UK 78,782 km² 1. ... Royal motto: Dieu et mon droit (French: God and my right) Englands location within the UK Official language English de facto Capital London de facto Largest city London Area  - Total Ranked 1st UK 130,395 km² Population  - Total (2001)  - Density Ranked 1st UK 49,138,831 377/km² Ethnicity... Nassau is the capital city of the Bahamas. ...


Following the death of Queen Mary from smallpox in 1694, William continued to reign as William III. The Guinea coin was produced in all years from 1695 to 1701, both with and without the elephant and castle, the design probably being the work of Johann Crocker a.k.a. John Croker, since James Roettier had died in 1698 and his brother Norbert had moved to France in 1695.


The coins of William III's reign weighed 8.4 g with an average gold content of 0.9123. The diameter was 25–26 mm until 1700 and 26–27 mm in 1701. William's head faces right on his coins, with the legend GVLIELMVS III DEI GRATIA, while the reverse design of William and Mary's reign was judged to be unsuccessful, so the design reverted to that used by Charles II and James II, but with a small shield with the lion of Nassau in the centre, with the legend MAG BR FRA ET HIB REX date. The coin had a diagonal milled edge.


The reign of Queen Anne (1702-1714) produced guineas in all years between 1702 and 1714 except for 1704. The 1703 guinea bears the word VIGO under the Queen's bust, to commemorate the origin of the gold taken from the Spanish ships at the Battle of Vigo Bay. With the Union of England and Scotland the design of the reverse of the guinea was changed. Until the Union, the cruciform shields on the reverse showed the arms of England, Scotland, France, and Ireland in order, separated by sceptres and with a central rose, and the legend MAG BRI FR ET HIB REG date. With the union, the English and Scottish arms appear conjoined on one shield, with the left half being the English arms and the right half being the Scottish arms, and the order of arms appearing on the shields becomes England and Scotland, France, England and Scotland, Ireland. The elephant and castle can appear on the coins of 1708 and 1709. The centre of the reverse design shows Star of the Order of the Garter. The coins weighed 8.3 g, were 25 mm in diameter, and had a gold content of 0.9134. The edge of the coin is milled diagonally. Anne Queen of Great Britain and Ireland Anne (6 February 1665–1 August 1714), became Queen of England and Scotland on 8 March 1702. ... The Battle of Vigo Bay, 23 October 1702 by Ludolf Bakhuizen, painted c. ... The Acts of Union were twin Acts of Parliament passed in 1707 (going into effect on 26 March) in the Scottish and the English Parliaments. ... A garter is one of the Orders most recognisable insignia. ...


George I's guinea coins were struck in all years between 1714 and 1727, with the elephant and castle sometimes appearing in 1721, 1722, and 1726. His guineas are notable for using five different portraits of the king, and the 1714 coin is notable for declaring him to be Prince Elector of the Holy Roman Empire. The coins weighed 8.3-8.4 grams, were 25-26 millimetres in diameter, and the average gold content was 0.9135. George I King of Great Britain and Ireland George I (George Ludwig von Guelph-dEste) (28 May 1660–11 June 1727) was Duke of Brunswick-Lüneburg (Hanover) from 23 January 1698, and King of Great Britain and King of Ireland from 1 August 1714, until his death. ...


The 1714 obverse shows the right-facing portrait of the king with the legend GEORGIVS D G MAG BR FR ET HIB REX F D, while the later coins bear the legend GEORGIVS D G M BR FR ET HIB REX F D. The reverse follows the same general design as before, except the order of the shields is England and Scotland, France, Ireland, and Hanover, with the legend in 1714 BRVN ET LVN DVX S R I A TH ET PR EL 1714 -- Duke of Brunswick and Lueneburg, Arch-Treasurer and Prince Elector of the Holy Roman Empire, and in other years BRVN ET L DVX S R I A TH ET EL date -- Duke of Brunswick and Lueneburg, Arch-Treasurer and Elector of the Holy Roman Empire. The edge of the coin is milled diagonally. This page is about the Germanic empire. ...


The value of the guinea had fluctuated over the years from twenty to thirty shillings, and back down to twenty one shillings and sixpence by the start of George's reign. A Royal Proclamation of December 1717 fixed the value of the guinea at twenty one shillings.


George II's guinea pieces are a complex issue, with eight obverses and five reverses used through the 33 years of the reign. The coins were produced in all years of the reign except 1742, 1744. 1754, and 1757. The coins weighed 8.3–8.4 g, and were 25–26 mm in diameter except for some of the 1727 coins which were 24–25 mm. The average gold content was 0.9140. Some coins issued between 1729 and 1739 carry the mark EIC under the king's head, to indicate the gold was provided by the East India Company, while some 1745 coins carry the mark LIMA to indicate the gold came from Admiral George Anson's round-the-world voyage. In the early part of the reign the edge of the coin was milled diagonally, but from 1739 following the activities of a particularly bold gang of guinea filers for whom a reward was posted, the milling was changed to produce the shape of a chevron or arrow-head. In 1732 the old hammered gold coinage was demonetised, and it is thought that some of the old coins were melted down to create more guineas. George II King of Great Britain and Ireland George II (George Augustus) (10 November 1683–25 October 1760) was King of Great Britain and Ireland, Duke of Brunswick-Lüneburg (Hanover) and Archtreasurer and Prince-Elector of the Holy Roman Empire from 11 June 1727 until his death. ... The British East India Company, sometimes referred to as John Company, was a joint-stock company of investors, which was granted a Royal Charter by Elizabeth I on December 31, 1600, with the intent to favour trade privileges in India. ... George Anson, 1st Baron Anson (April 23, 1697 - 1762) was a British admiral and a wealthy aristocrat, noted for his circumnavigation of the globe. ...


The obverse has a left-facing bust of the king with the legend GEORGIVS II DEI GRATIA (GEORGIUS II DEI GRATIA between 1739 and 1743), while the reverse features a single large crowned shield with the quarters containing the arms of England+Scotland, France, Hanover, and Ireland, and the legend M B F ET H REX F D B ET L D S R I A T ET E -- King of Great Britain, France and Ireland, Defender of the Faith, Duke of Brunswick and Lueneburg, Arch-Treasurer and Elector of the Holy Roman Empire.


Unlike the Two Guinea and Five Guineas coins, production of the Guinea continued through much of the long reign of King George III. What is nowadays known as the British Two Guineas coin was first minted in 1664, when it had a nominal value of forty shillings and it was known as a forty-shilling piece, then it was later called a double-guinea or two guinea piece, worth forty-two shillings after... The British Five Guinea coin was a machine-struck currency produced from 1668–1753. ... George III (George William Frederick) (4 June 1738 – 29 January 1820) was King of Great Britain, and King of Ireland from 25 October 1760 until 1 January 1801, and thereafter King of the United Kingdom of Great Britain and Ireland until his death. ...


The Guineas of George III weighed 8.4 g and were 24 mm in diameter, with an average gold content (at the time of the 1773 assay) of 0.9146. They were issued with six different obverses and three reverses in 1761, 1763–1779, 1781–1799, and 1813. All the obverses show right-facing busts of the king with the legend GEORGIVS III DEI GRATIA with different portraits of the king. The reverse of guineas issued between 1761 and 1786 show a crowned shield bearing the arms of England+Scotland, France, Ireland and Hanover, with the legend M B F ET H REX F D B ET L D S R I A T ET E date. In 1787 a new design of reverse featuring a spade-shaped shield was introduced, with the same legend; this has become known as the Spade Guinea.


In 1774 almost 20 million worn guineas of William III and Queen Anne were melted down and recoined as guineas and half-guineas.


Towards the end of the century gold began to become scarce and rise in value. The French Revolution and the subsequent French Revolutionary Wars had drained gold reserves and people started hoarding coins. Parliament passed a law making banknotes legal tender in any amount, and in 1799 the production of guineas was halted, although half and third-guineas continued to be struck. Following the union of Great Britain and Ireland in 1800, the king's titles changed, and an Order in Council of 5 November 1800 directed the Master of the Mint to prepare a new coinage, but although designs were prepared, the production of guineas was not authorised. During the French Revolution (1789–1799) democracy and republicanism overthrew the absolute monarchy in France, and the French portion of the Roman Catholic Church was forced to undergo radical restructuring. ... The French Revolutionary Wars occurred between the outbreak of war between the French Revolutionary government and Austria in 1792 and the Treaty of Amiens in 1802. ... A £20 Ulster Bank banknote. ... Legal tender or forced tender is payment that cannot be refused in settlement of a debt by virtue of law. ... The 1800 Act of Union merged the Kingdom of Ireland and the Kingdom of Great Britain (itself a merger of England and Scotland under the Act of Union 1707) to create the United Kingdom of Great Britain and Ireland on 1 January 1801. ... November 5 is the 309th day of the year (310th in leap years) in the Gregorian Calendar, with 56 days remaining. ... 1800 was a common year starting on Wednesday (see link for calendar). ... Master of the Mint was an important office in the British government between the 16th and 19th centuries. ...


In 1813 it was necessary to strike 80,000 guineas to pay the Duke of Wellington's army in the Pyrenees, as the local people would only accept gold in payment. This issue has become known as the Military Guinea. At this time gold was still scarce, and the guinea was trading on the open market for 27 shillings in paper money, so the coining of this issue for the army's special needs was a poor deal for the government, and this was the last issue of guineas to be minted. The reverse of the military guinea is a unique design, showing a crowned shield within a Garter, with HONI SOIT QUI MAL Y PENSE on the Garter, and BRITANNIARUM REX FIDEI DEFENSOR around the edge, and 1813 between the edge inscription and the garter. The Most Noble Arthur Wellesley, 1st Duke of Wellington, KG, GCB, PC, FRS (1 May 1769–14 September 1852) was an Anglo-Irish soldier and statesman, widely considered one of the leading military and political figures of the 19th century. ... Central Pyrenees The Pyrenees (French: Pyrénées; Spanish: Pirineos; Occitan: Pirenèus or Pirenèas; Catalan Pirineus; Aragonese: Perinés; Basque: Pirinioak) are a range of mountains in southwest Europe that form a natural border between France and Spain. ...


In the Great Recoinage of 1816, the guinea was replaced as the major unit of currency by the pound.


Even after the coin ceased to circulate, the name was long used to indicate the amount of 21 shillings (£1.05 in decimalised currency). The guinea had an aristocratic overtone; professional fees and payment for land, horses and art were often quoted in guineas until decimalisation in 1971. It is still quoted in the pricing and sale of race horses, and many major horse races in both Great Britain and Ireland bear names ending in "1,000 Guineas" or "2,000 Guineas," even though the values of their purses today are much higher. 1971 is a common year starting on Friday (click for link to calendar). ...


For other denominations, see British coinage This article concerns British coinage, the coinage of the United Kingdom. ...


  Results from FactBites:
 
Guinea (British coin) - Wikipedia, the free encyclopedia (1974 words)
The diameter of the coin was 25 millimetres throughout Charles II's reign, and the average gold content (from an assay done in 1773) was 0.9100.
The guineas of this reign weighed 8.5 grams, were 25–26 mm in diameter, and were the work of James and Norbert Roettier and were produced in all years between 1689 and 1694 both with and without the elephant and castle; in 1692 and 1693 the mark of the elephant alone was also used.
George I's guinea coins were struck in all years between 1714 and 1727, with the elephant and castle sometimes appearing in 1721, 1722, and 1726.
British coin Quarter Guinea - Wikipedia, the free encyclopedia (550 words)
Sir Isaac Newton, the Master of the Mint, wrote a minute dated 21 September 1717 in which he blamed the overvaluation of the Guinea at twenty one shillings and sixpence for this, and this resulted in a Proclamation of 20 December reducing the value of the guinea to twenty one shillings.
The new coin had to be proportionate in size to the other gold denominations, and this resulted in a coin which weighed 2.1 grams and was 16 millimetres in diameter.
Despite the unpopularity of the 1718 quarter guinea it was considered necessary to produce this coin again, to the same size and weight as before, to fill the gap between the low denomination silver coins and the larger gold coins.
  More results at FactBites »


 
 

COMMENTARY     


Share your thoughts, questions and commentary here
Your name
Your comments

Want to know more?
Search encyclopedia, statistics and forums:

 


Lesson Plans | Student Area | Student FAQ | Reviews | Press Releases |  Feeds | Contact
The Wikipedia article included on this page is licensed under the GFDL.
Images may be subject to relevant owners' copyright.
All other elements are (c) copyright NationMaster.com 2003-5. All Rights Reserved.
Usage implies agreement with terms, 1022, m