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The first guinea was produced on 6 February 1663 (361 years ago) (); a proclamation of 27 March 1663 made the coins legal currency.One troy pound of 11 ⁄ 12 (0.9133) [citation needed] fine gold (22 carat or 0.9167 pure by weight) would make 44 + 1 ⁄ 2 guineas, [5] each thus theoretically weighing 129.438 grains (8.385 grams crown gold, 7.688 grams fine gold, or 0.247191011 ozt (troy ounces ...
Five pounds: 100/-£5: 1826–1990. Gold. Five guineas: originally 100/-, later 105/-originally £5, later £5.25: 1668–1753. Originally known and valued as five pounds, but became five guineas when the guinea was standardised at one pound and one shilling in 1717.
The Coinage Act 1816 (56 Geo. 3.c. 68), also known as the Coin Act 1816 or Liverpool's Act, [1] defined the value of the pound sterling relative to gold.One troy pound of standard (22-carat) gold was defined as equivalent to £46 14s 6d., [2] i.e. 44½ guineas, the guinea having been fixed in December 1717 at £1 1s exactly.
A guinea was 21 shillings (£1.05 in decimal currency). Professionals such as lawyers [18] and physicians, art dealers, and some others stated their fees in guineas rather than pounds, while, for example, salaries were stated in pounds per annum. [19]
7.12 g Bronze 1971 2.03 mm ... forbidding the exchange of gold guineas for more than 21 silver shillings. ... (or one pound) and with 0.23542 troy ounces (7.322 g) ...
Converts the pre-1971 subunits of the pound sterling to its modern decimal subunits. Also supports conversion of guineas (21 shillings) and marks (13s 4d; or 160d); if the main units (pounds, shillings, and pence), guineas, and marks are all used at once it returns the (decimalised) sum of all units.
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Although the coin is commonly known as the "Five guinea" piece, during the 17th and 18th centuries it was also known as a Five-pound piece, as the guinea was originally worth twenty shillings (i.e. a pound) – until its value was fixed at twenty-one shillings by a Royal Proclamation in 1717 the value fluctuated rather in the way that bullion ...