Guinea conversion

RocketRonnie

I'm sure this has been asked loads of times but I'm just wondering how much a guinea is worth in € or £....?

i.e. A horse costs 100,000 guineas... how much Euro did it cost?
thanks!

Morgans

A guinea is £1.05 IIRC

gscully

Morgans wrote: »

A guinea is £1.05 IIRC

A little more complicated than that...if this link is anything to go by:
http://uk.answers.yahoo.com/question/index?qid=20070621095552AA6CaFh

finbarrk

It's just like 5% on top.

RocketRonnie

RocketRonnie wrote: »

I'm sure this has been asked loads of times but I'm just wondering how much a guinea is worth in € or £....?

i.e. A horse costs 100,000 guineas... how much Euro did it cost?
thanks!

Com'n, surely one of you horse racing experts out there can answer me this???

Stewie Griffin

Morgans is right, I reckon.
It's 21 shillings which was a pound and five pence. I would imagine it's a more of a UK thing (as they still use pounds) so strictly speaking, it would depend on the exchange rate on any given day if you want to convert guineas to euros.

Anyway, isn't the question a tad archaic? I don't think people bother using guineas any more when discussing the price of horses.

Morgans

To all intents and purposes, its essentially 1.05. If you are looking for a more precise measurement you are looking for a degree in semantics. Maybe check xe.com for a conversion rate.

spyderski

Morgans is right. A pound & a shilling.

spyderski

Stewie Griffin wrote: »

Anyway, isn't the question a tad archaic? I don't think people bother using guineas any more when discussing the price of horses.

They do if they want to buy one at any bloodstock sales in the UK.

RocketRonnie

Stewie Griffin wrote: »

Morgans is right, I reckon.
It's 21 shillings which was a pound and five pence. I would imagine it's a more of a UK thing (as they still use pounds) so strictly speaking, it would depend on the exchange rate on any given day if you want to convert guineas to euros.

Anyway, isn't the question a tad archaic? I don't think people bother using guineas any more when discussing the price of horses.

Not at all, it's used quite frequently when involving the purchase or sale of a racehorse...

RocketRonnie

Morgans wrote: »

To all intents and purposes, its essentially 1.05. If you are looking for a more precise measurement you are looking for a degree in semantics. Maybe check xe.com for a conversion rate.

Never thought a guinea was worth that much!
When you hear of a horse costing 100's of thousands of guineas, I always persumed it was a lot less in pound or euros!!
Cheers...!

It was just a topic of conversation in the local bookies today, and no one could answer it!

Stewie Griffin

It's archaic in the sense that I would imagine people don't "think" or mentally calculate in terms of guineas any more when buying in the UK.

I'm guessing a purchaser is far more worried about the exchange rate when trying to work out how far his euro will stretch at the UK sales rather than saying "I've got 50,000 gns burning a hole in me pocket".

Bottom line: it's still a pound and five pence.

Esroh

The extra shilling was for the sales company( commission) So even if you got a million Guineas for yourhorse you took home 1 mill pounds minus the StableLads 1%. When we were using the punt Horses were sold in Ir Guineas here
Nowadays the price is displayed in Euro and Dollars converted alongside the price in Guineas in the UK sales ring.