Cryptocurrency Q&A What is guinea coin?

What is guinea coin?

mia_harrison_painter mia_harrison_painter Mon Nov 11 2024 | 7 answers 1300
I recently heard about something called 'guinea coin' and I'm curious to know more about it. Could someone please explain what guinea coin is, its background, and how it's used or traded? What is guinea coin?

7 answers

Eleonora Eleonora Tue Nov 12 2024
It was fixed at £1 1s, a bit higher than its original value.

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Bianca Bianca Tue Nov 12 2024
In Scotland, coins were generally scarce.

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GangnamGlitzGlamourGlory GangnamGlitzGlamourGlory Tue Nov 12 2024
The guinea was a gold coin with a rich history.

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CryptoPioneer CryptoPioneer Tue Nov 12 2024
Initially, it was valued at £1, making it a significant currency.

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emma_lewis_pilot emma_lewis_pilot Tue Nov 12 2024
This scarcity was especially true for valuable gold coins.

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