1776 Great Britain Guinea KM-604 PCGS AU55. King George III was king of Great Britain at the time of the American Revolution. The 1776 dated guinea is significant because it was the year America declared its independence. This 1776 Great Britain Guinea coin shows original, clean surfaces, with no notable distractions, for the grade. Some mint luster remains within the devices. The strike is above average with good details on Georges hair and the reverse crown. Sufficient separation in the lines of his hair and the elements of the shield warrant the grade.

This 1776 Great Britain Guinea shows the fourth laureate profile bust of King George facing right. The inscription GEORGIUS III DEI GRATIA, which means George III, by the grace of God, is separated by dots and surrounds the portrait. The reverse shows the crowned quartered shield of arms. The reverse legend is F D B ET L D S R I A T ET E M B F ET H REX, which means King of Great Britain, France and Ireland, Defender of the Faith, Duke of Brunswick and Luneburg, Arch-Treasurer and Elector.

The guinea is a coin that was minted in England from 1663 to 1813. The name originated from the Guinea region of West Africa, where a good deal of the gold used to make the coins came from. It was the first machine made gold coin and was originally worth one English Pound Sterling, which is equal to twenty shillings. However, because the price of gold continued to rise sometimes as high as thirty shillings, the guineas value was fixed at twenty-one shillings from 1717 to 1816. After that, with the gold standard adopted, guinea stopped being used as a monetary term and became colloquial.

Silver and gold coins from Europe and South America circulated and were accepted for commerce in America during the Colonial and the Confederation eras. They were used both domestically and for foreign trade. Certainly this coin and ones like it could have circulated during the Revolutionary War period.

Coined gold and silver were thought of as commodities and therefore were able to serve as mediums of exchange without governmental intervention. Until 1857, when the United States government outlawed the use of foreign coins, the federal government allowed the free use of silver and gold of various denominations from all countries. They were valued by their weight and fineness according to the demands of the market.

George III was the third British ruler from the House of Hanover. He was born in Britain and spoke English, unlike his father and grandfather. During his reign Great Britain became the dominant European power in North America and India by defeating France in the Seven Years War until the American Revolution, which cost its American colonies. King George suffered from a mental illness that was recurrent. In 1810 his son, also named George, ruled as Prince Regent. George III is remembered as a tyrant, from the American point-of-view and the King who lost America from the British view point. In Britain he also is the monarch who is blamed for the failure of imperialism.

In its population report PCGS shows 3 guinea coins of 1776 certified at AU55 with 5 better. NGC shows 12 in AU55 with 9 better. These numbers do not account for crossovers or resubmissions.

Specifications:
Weight: 8.3500 grams
Fineness: 0.9170 gold
Diameter: 24 millimeters
Net weight: 0.2462 troy ounces AGW