George I, Guinea

The guineas of George I were struck in all years of his reign (1714 – 1727) and are notable for using five different portraits of the king. This one is the third laureate head. The edge of the coin is obliquely milled. The value of the guinea had fluctuated over the years. In 1717, Great Britain adopted the gold standard and the value of the guinea was fixed at 21 shillings.