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guinea


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A former British coin, originally made from gold from Guinea. First issued in 1663, it had various values; during most of the 18th century it stood at 21 shillings. Although it was replaced in 1817 by the sovereign, it persisted, not as a coin but as a unit of 21 shillings for charging for some professional services, until decimalization (1971).

Subjects: History — Business and Management.


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