Quarter guineas had only been struck previously in 1718 when the price of silver had risen dramatically meaning that most silver crowns had been melted down. The quarter guinea was created as a coin of roughly the same value as the silver crown but minted in gold. However due to its small size and weight it was impractical as a means of payment and its unpopularity meant it was discontinued that same year.
When George III came to the throne in 1760 the price of silver had again risen dramatically and despite the previous unpopularity of the quarter guinea it was considered necessary to produce to fill the gap between the low-denomination silver coins and the larger gold coins. The 1762 1/4 guinea was made to the same size and weight specifications as before and unfortunately it met the same fate as its predecessor, only being produced in this one year before being discontinued.
Despite its small size the coin design follows the larger guineas and it is a testament to the skill of the Royal Mint of the time that a coin could be produced with this level of detail.
Obverse
Laurel Head
Reverse
Crowned Shield
At BullionByPost we dispatch our customer orders with the Royal Mail or the UPS courier service. We deliver all over the UK, as well as shipping to the Channel Islands of Jersey and Guernsey. Listed below are the delivery options at this time.
Please note that the cut-off point for deliveries to be sent out for the next day via Royal Mail is 2pm.
Orders placed after 2pm on Friday will be dispatched on the following Monday. For Saturday Upgrade or UPS details, scroll down.
BullionByPost are now offering customers a high security, insured, allocated storage solution from only £10.00 per month. Our storage service includes free delivery to the vault, individually segregated and fully allocated & insured storage with Brink's with independent audits by Grant Thornton.
- No minimum holding or term
- Minimum charge equivalent to £10.00 per month
- Sell to us or request physical delivery
The high security vaults are located in London and managed by Brink's, one of the world's leading and most reputable security companies. Brink's specialises in vaulting and transporting precious metals. Click here to view our storage fees
