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James II (1685-88) 1687 Gold Guinea Second Bust

Graded AU58 by NGC

Price: £13,738.00

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Product code: HISJ2687GSB

  • Slabbed and graded by NGC as AU58 – Equivalent to UK Extremely Fine condition
  • Obverse - Second laureate head left, Latin legend and toothed border surrounding both sides
  • Reverse - Crowned cruciform shields, emblematic sceptres in angles, date either side of top crown
  • Weight 8.17g
  • Only one available (shown in image)
GRD
graded
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From soon after the restoration of Charles II, the gold coinage had become dominated by a new coin of 20 shillings. At this time, gold for minting was supplied by the Africa Company that traded along the Guinea Coast of West Africa. As a result, the new coin was soon named ‘the guinea', first by popular use and then officially. The coin’s actual value fluctuated until finally stabilising at 21 shillings, but it was to become one of the most important coins in British history. It was struck by each monarch in turn until the coinage reform that came following the Napoleonic Wars. In the reign of George III, guineas were struck nearly every year between 1761 and 1799. At this point, their minting ceased due to the hazards of importing gold from overseas during the war with France. The last guinea, sometimes known as the 'military' guinea as it was largely struck to pay for the expenses of war, was issued in 1813.

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Specification

Specification Value
Alloy 22 Carat Gold
Weight 8.17 g
Diameter 26.00mm
Reverse Designer John Roettier
Obverse Designer John Roettier
Specification Value
Quality Circulating
Year 1687
Pure Metal Type Gold
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