1720 Great Britain King George I Fourth Bust Guinea Gold Coin

Product Description:

nice attractive coin and rare.

NGC XF 45
2156239-014

First introduced in 1663, these coins served as the prevailing currency of Great Britain for an impressive span of over 150 years, maintaining their prominence until the great recoinage of 1816. Their gold content was the same as their successor, the gold Sovereign (22k or 91.67%). These coins encompassed a rich tapestry of diverse types and denominations, with their weights and values undergoing several adjustments throughout history to adapt to the ever-shifting economic landscape.

These coins achieved international acclaim, solidifying their status as a global currency. Their universally recognized size and weight made them highly sought-after commodities across the globe, even extending their influence to the shores of Australia. They made their debut in Australia in the hands of sailors accompanying the First Fleet, eventually obtaining official currency status in New South Wales, as affirmed in the Proclamation of 1800.

The monarchs depicted on Guineas spanned from king Charles II to King George III. Its name, "Guinea," was derived from the mines in which the gold for the original coins was obtained; Guinea in West Africa. The coins would be equal to one pound, much the same as the Sovereign that would replace it; similarly, there would be various other sizes of Guineas, most commonly Half guineas and 1/3 Guineas.

The George I Guinea was minted between 1714 and 1727, featuring five different portraits of the monarch on his guineas. Many substantial changes occurred in his empire, which were depicted on his coinage, including amalgamations of different kingdoms and the declaration of George I as the Prince Elector of the Holy Roman Empire. In 1717, he reinstated his kingdom on the Gold Standard, setting the value of his guineas to 21 Shillings, although this value would continually change over the coming decades.

It is well-known that George I became king on a technicality and was fervently German, refusing to learn English for the better half of his reign and residing in Germany during this period. However, it is not so well-known, that when he travelled to England, he was accompanied by his two mistresses, while ironically, his wife remained in a German prison for adultery. His reign would be notable, as no major conflicts would break out during its duration.

Obverse: King George I with tie in hair loop and one end

Reverse: Crowned Shields in cruciform, scepters at angles

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