Guinea (British coin) facts for kids

Kids Encyclopedia Facts

A guinea is a coin that was minted in the Kingdom of England between 1663 and 1813. It is not used any more.

Although guinea coins had not been made for a long time, prices often continued to be shown in guineas until British prices became decimal in 1971. A guinea was worth £1,1s0d (one pound and one shilling). This is the same as £1.05p in modern money.

Because a guinea was close to a pound, putting prices in guineas made the price seem less. A price of 39 guineas might look like "about £39". In fact it is nearly £41.

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Guinea (British coin) Facts for Kids. Kiddle Encyclopedia.