Cryptocurrency Q&A Was a guinea a lot of money?

Was a guinea a lot of money?

JejuSunshineSoulMate JejuSunshineSoulMate Mon Nov 11 2024 | 6 answers 1265
I'm wondering if a guinea was considered a significant amount of money in the past. I want to understand its value in historical context. Was a guinea a lot of money?

6 answers

Stefano Stefano Wed Nov 13 2024
The coin in question possessed a nominal face value that approximated 20 Shillings.

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Stefano Stefano Wed Nov 13 2024
This value is comparable to a pound in contemporary currency.

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Stefano Stefano Wed Nov 13 2024
Notably, the worth of the coin fluctuated significantly over time.

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Martino Martino Tue Nov 12 2024
During periods of inflation or economic turmoil, its value could rise as high as 30 Shillings.

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Leonardo Leonardo Tue Nov 12 2024
The final era of its production spanned from 1717 to 1811.

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