One Guinea 2023 The East India Company, Coin from Saint Helena - detailed information

One Guinea 2023 The East India Company, Coin from Saint Helena
CoinOne Guinea 2023 The East India Company

Saint Helena is a small island in the South Atlantic Ocean which is part of the British overseas territory of Saint Helena, Ascension and Tristan da Cunha. The currency of the island is the Saint Helena pound, fixed at parity with the pound sterling. The island has authorised some private mints to issue coins under its jurisdiction, which come in a variety of sizes. Some of them are non-standard and/or one-off issues in gold, such as this one.

This coin pays tribute to the original "Guinea" coinage of Great Britain.

The introduction of machine-struck coins to Britain in 1663 put an end to the dark art of "clipping", where criminals would shave the edges off coins to collect small fragments of the precious metals, devaluing the currency in the process. Now, gold and silver coins could be minted with a milled edge and edge lettering to deter this illegal behaviour.

Britain’s first machine-struck gold coin was the Guinea, which then played a vital role in the golden age of trade and exploration, travelling the world on The East India Company ships with its reputation for absolute quality and accuracy.

"Guinea" was originally just the coin’s nickname, given because much of the gold used to strike it came from Africa’s Guinea Coast, but the name became so widely used that it was officially adopted in 1720 under the reign of King George I. In later years The East India Company often supplied the gold used to mint these magnificent coins, and during the reign of George II some Guineas bore the EIC mint mark to recognise this.

MintEast India Company (modern) Mint MarkEIC Total Mintage100
Obverse
Saint Helena / One Guinea 2023 The East India Company - obverse photo

The obverse of the coin shows the bare (uncrowned) head of King Charles III facing left.

In tiny letters on the neck truncation, the artist's initials: GD (for Glyn Davies).

Around, the monarch's legend: CHARLES III · DEI · GRA · REX · F · D · ST. HELENA · 2023 ·. Translated from Latin, the legend means: Charles the Third, by the Grace of God, King, Defender of the Faith, Saint Helena.

Obverse Inscription CHARLES III · DEI · GRA · REX · F · D · ST. HELENA · 2023 ·
Reverse
Saint Helena / One Guinea 2023 The East India Company - reverse photo

The East India Company Guinea's central motif features the Standing Lion, Rampant Guardant (erect, facing the viewr), representing the Defender of the Crown. Its foot rests upon a globe lying on a rope, denoting the role of the historic Guinea gold coin as the most trusted gold trade coin.

The lion stands on the shield of St George behind which are two cruciform (crossed) sceptres inspired by the very first Guinea issued in the reign of King Charles II.

At the base of the design are tea and cotton leaves in a wreath, showing the importance of these commodities to international trade during the Guinea's lifetime and reflecting its long connection to The East India Company.

Around above, the inscription THE EAST INDIA COMPANY. Divided by the lion and sceptres, the face value ONE GUINEA (equal to £1.05 in modern coinage).

In the lower right field (between the shield, sceptre and wreath), the EIC mint mark of the East India Company; the letters are separated by arrows radiating from the centre around which they are situated.

Reverse Inscription THE EAST INDIA COMPANY ONE GUINEA
EdgeMilled interruptedEdge InscriptionNone
Notes

Finish: Proof FDC.
Packaging: in presentation box, with a numbered Certificate of Authenticity.
The East India Company SKU: FG23GUIGPONE
Release date: 22 May 2023.
Issue price: £795.00

The coin is in 22 carat gold just like the original guineas. Also, just like on the originals, the face value and denomination are not actually written on the coin. Traditionally, a guinea was worth 21 shillings at a time when one pound was 20 shillings, which means that the current decimal equivalent would be £1.05.

Each coin is finished with a bespoke 'compass milling' with four sets of 13 mills totaling 52 to reflect the passing of time separated by compass point single mills denoting navigation.

See also

Saint Helena coins with historic Guinea designs include:
- 42 g Gold Proof, Spade Five Guineas 2023
- 16.8 g Gold Proof, Spade Two Guineas 2023
- 8.4 g Gold Proof, Military Guinea 2020
- 8.4 g Gold Proof, Spade Guinea 2023
- 8.4 g Gold Proof, Standing Lion Guinea 2023
- 8 g Gold Proof, Standing Lion Guinea 2013
- 7.98 g Sovereign, Gold Proof, Spade Guinea 2020
- 1/4 oz Gold Bullion, Rose Crown Guinea 2018
- 4.2 g Gold Proof, Spade Half Guinea 2020
- 1/4 oz Gold Bullion, Rose Crown Guinea 2020
- 1/4 oz Gold Bullion, Rose Crown Guinea 2022
- 4.2 g Gold Proof, Spade Half Guinea 2023
- 2.1 g Gold Proof, Rose Crown Quarter Guinea 2020
- 2.1 g Gold Proof, Spade Half Guinea 2023
- 1.25 oz Silver Bullion, Rose Crown Guinea 2018
- 1.25 oz Silver Bullion, Rose Crown Guinea 2020
- 1.25 oz Silver Bullion, Rose Crown Guinea 2021
- 1.25 oz Silver Bullion, Standing Lion Guinea 2021
- 1.25 oz Silver Bullion, Rose Crown Guinea 2022
- 1 oz Silver Bullion, Spade Guinea 2018
- 1 oz Silver Bullion, Spade Guinea 2019
- 1 oz Silver Bullion, Military Guinea 2022
- 1/10 oz Silver Bullion, Spade Guinea 2020
- 1/10 oz Silver Bullion, Spade Guinea 2021
- 1/10 oz Silver Bullion, Spade Guinea 2022
- 1/10 oz Silver Bullion, Spade Guinea 2023

All (15) coins of type: Gold Other Sizes
Coin NameMintageEffigyLegend
One Mohur 2020 500 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · DEI · GRA · REGINA · F · D · ST. HELENA · 2020 ·
Military Guinea 2020 700 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · £1.05 POUNDS ·
Spade Half Guinea 2020 200 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 50 PENCE ·
Rose Crown Quarter Guinea 2020 200 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 20 PENCE ·
Gold Crown 2021 Three Graces 200 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 5 POUNDS · 2021 ·
Gold Crown 2022 Queen Victoria - Gothic 125 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · D · G · REGINA · F · D · ST. HELENA · 5 POUNDS · 2022 ·
One Mohur 2022 100 Queen Elizabeth II - Uncouped Portrait by Jody Clark ELIZABETH II · DEI · GRA · REGINA · F · D · ST. HELENA · 2022 ·
Spade Five Guineas 2023 King Charles III Coronation 50 King Charles III - Portrait by Glyn Davies CHARLES III · DEI · GRA · REX · FID · DEF · ST. HELENA ·
Spade Two Guineas 2023 King Charles III Coronation 50 King Charles III - Portrait by Glyn Davies CHARLES III · DEI · GRA · REX · FID · DEF · ST. HELENA ·
Spade Guinea 2023 King Charles III Coronation 550 King Charles III - Portrait by Glyn Davies CHARLES III · DEI · GRA · REX · FID · DEF · ST. HELENA ·
One Guinea 2023 The East India Company 100 King Charles III - Portrait by Glyn Davies CHARLES III · DEI · GRA · REX · F · D · ST. HELENA · 2023 ·
Spade Half Guinea 2023 King Charles III Coronation 170 King Charles III - Portrait by Glyn Davies CHARLES III · DEI · GRA · REX · FID · DEF · ST. HELENA ·
Spade Quarter Guinea 2023 King Charles III Coronation 170 King Charles III - Portrait by Glyn Davies CHARLES III · DEI · GRA · REX · FID · DEF · ST. HELENA ·
One Mohur 2023 100 King Charles III - Portrait by Glyn Davies CHARLES III · DEI · GRA · REX · F · D · ST. HELENA · 2023 ·
One Mohur 2024 100 King Charles III - Portrait by Glyn Davies CHARLES III · DEI · GRA · REX · F · D · ST. HELENA · 2024 ·
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One Guinea 2023 The East India Company: Details
CountrySaint Helena
CurrencySaint Helena Pound
Coin TypeGold Other Sizes
Issued2023
MonarchKing Charles III
EffigyKing Charles III - Portrait by Glyn Davies
Face Value1.05 (x Pound)
Total Mintage100
CurrentYes
Material0.9167 Gold
TechnologyMilled (machine-made)
ShapeRound
OrientationMedal Alignment (Axis 0)
Size24.0000 mm
Mass8.4000 g
OCC IDRWKZ-OJNC-VMVY-OXGL
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One Guinea 2023 The East India Company: Photos
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One Guinea 2023 The East India Company: Photo The East India Company Guinea 2023 Gold Proof Coin / thumbnail The East India Company Guinea 2023 Gold Proof Coin
Copyright: The East India Company
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One Guinea 2023 The East India Company: Photo The East India Company Guinea 2023 Gold Proof Coin / thumbnail The East India Company Guinea 2023 Gold Proof Coin
Copyright: The East India Company
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