The term "guinea" can refer to two distinct currencies, leading to different valuations in US dollars: the current Guinean Franc (GNF), which is the official currency of the Republic of Guinea, or the historical British guinea coin, which is no longer in circulation.
Guinean Franc (GNF) to US Dollar Conversion
If "1 guinea" refers to 1 Guinean Franc (GNF), its value in US dollars is very small. The Guinean Franc is known for its low value against major global currencies.
Based on recent exchange rates, here's how the Guinean Franc converts to US Dollars:
| Guinean Franc (GNF) | US Dollars (USD) |
|---|---|
| 1 GNF | 0.00012 USD |
| 5 GNF | 0.00058 USD |
| 10 GNF | 0.00116 USD |
| 20 GNF | 0.00232 USD |
This means that one Guinean Franc is equivalent to approximately 0.00012 US dollars.
Historical British Guinea Coin
Alternatively, "guinea" can refer to a historical British gold coin that was minted in Great Britain between 1663 and 1814. This coin is no longer legal tender and is not used in modern financial transactions.
- Historical Value: A guinea was historically valued at 21 shillings, which is equivalent to one pound and one shilling (£1 1s).
- Current Status: The historical guinea coin is now primarily a collector's item. Its value today depends on factors such as its condition, rarity, and market demand among numismatists (coin collectors), rather than a fixed currency exchange rate.
- Modern Approximation: To approximate its historical value in modern terms, one would convert £1 1s (or £1.05) to US dollars. As of recent exchange rates, £1.05 GBP would typically convert to approximately $1.31 to $1.35 USD. This is an illustrative conversion of its historical worth into today's purchasing power terms, not its collectible market value.
For more information on the historical British guinea, you can refer to sources like Wikipedia's entry on the Guinea coin.
