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Guineas.

  • 01-03-2015 7:40pm
    #1
    kneemos
    Registered Users, Registered Users 2 Posts: 20,592 ✭✭✭✭


    Why is livestock sold in Guineas and not old fashioned money?


Comments

  • #2
    tomwaterford
    Closed Accounts Posts: 16,768 ✭✭✭✭tomwaterford


    kneemos wrote: »
    Why is livestock sold in Guineas and not old fashioned money?

    Its not???



    Some up there own hole auctions do (very few..mainly horses)


  • #3
    Dog of Tears
    Closed Accounts Posts: 812 ✭✭✭Dog of Tears


    Because posh.


  • #4
    darkpagandeath
    Closed Accounts Posts: 24,465 ✭✭✭✭darkpagandeath


    Would you Prefer Gold Doubloons.


  • #5
    kneemos
    Registered Users, Registered Users 2 Posts: 20,592 ✭✭✭✭kneemos


    tomwaterford wrote: »
    Its not???



    Some up there own hole auctions do (very few..mainly horses)

    Watching Countryfile (across the water) and they're selling sheep in Guineas.Horses are generally sold in Guineas I think as well.


  • #6
    tomwaterford
    Closed Accounts Posts: 16,768 ✭✭✭✭tomwaterford


    kneemos wrote: »
    Watching Countryfile (across the water) and they're selling sheep in Guineas.Horses are generally sold in Guineas I think as well.

    I have sheeps....I've never bought/sold them at auction in guineas


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  • #7
    Lapin
    Banned (with Prison Access) Posts: 18,184 ✭✭✭✭Lapin


    kneemos wrote: »
    Why is livestock sold in Guineas and not old fashioned money?

    What are guineas if they're not old fashioned money?


    Dunno if it's all guineas though. A mate of a lad I know sold a flock of cows to someone at a mart place recently and he was paid in proper money.

    Euros like.


  • #8
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    Being £1.05, the 5p is the commission to the auctioneer. The seller knows his sale is the Guinea amount in pounds.


  • #9
    Ted_YNWA
    Registered Users, Registered Users 2 Posts: 71,802 ✭✭✭✭Ted_YNWA


    Lapin wrote: »
    What are guineas if they're not old fashioned money?

    In old money it was £1.05


  • #10
    Desolation Of Smug
    Closed Accounts Posts: 760 ✭✭✭Desolation Of Smug


    Italian Gangster thread disappoints.


  • #11
    tomwaterford
    Closed Accounts Posts: 16,768 ✭✭✭✭tomwaterford


    Lapin wrote: »
    What are guineas if they're not old fashioned money?

    I thinks it's the percentage above the pound/euro....goes to the auctioneer

    Example: 2000 gns might be e2020 the e20 pays auctioneer rest goes to faemer


    I'm not sure on the exact percentage a guinea is though


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  • #12
    DrGreenthumb
    Closed Accounts Posts: 720 ✭✭✭DrGreenthumb


    Because there all pigs


  • #13
    donvito99
    Registered Users, Registered Users 2 Posts: 5,818 ✭✭✭donvito99


    Bout three fiddy Papua News...


  • #14
    kneemos
    Registered Users, Registered Users 2 Posts: 20,592 ✭✭✭✭kneemos


    tomwaterford wrote: »
    I have sheeps....I've never bought/sold them at auction in guineas

    They sold a ram for 150,000 guineas.
    Wasn't paying that much attention to it to figure out how a ram could be worth that much.


  • #15
    tomwaterford
    Closed Accounts Posts: 16,768 ✭✭✭✭tomwaterford


    kneemos wrote: »
    They sold a ram for 150,000 guineas.
    Wasn't paying that much attention to it to figure out how a ram could be worth that much.

    WTF 150K for a ram...il do a special boards deal for any ye here now gave me 80K for a ram and it's yours pure bargain


  • #16
    c_man
    Closed Accounts Posts: 4,436 ✭✭✭c_man


    kneemos wrote: »
    Why is livestock sold in Guineas and not old fashioned money?

    I don't know. But I doubt this will affect my life in any way whatsoever.


  • #17
    kneemos
    Registered Users, Registered Users 2 Posts: 20,592 ✭✭✭✭kneemos


    tomwaterford wrote: »
    WTF 150K for a ram...il do a special boards deal for any ye here now gave me 80K for a ram and it's yours pure bargain

    Don't know anything about them,but I'd definitely give it the Tiara for the best looking sheep.


  • #18
    Ted_YNWA
    Registered Users, Registered Users 2 Posts: 71,802 ✭✭✭✭Ted_YNWA


    tomwaterford wrote: »
    WTF 150K for a ram...il do a special boards deal for any ye here now gave me 80K for a ram and it's yours pure bargain

    Must be some goer of a ram, last virile member of his breed maybe.


  • #19
    foggy_lad
    Closed Accounts Posts: 20,373 ✭✭✭✭foggy_lad


    tomwaterford wrote: »
    WTF 150K for a ram...il do a special boards deal for any ye here now gave me 80K for a ram and it's yours pure bargain

    Does that deal involve you turning up in a woolly sheep suit and wellys with your lad out?


  • #20
    WoollyRedHat
    Registered Users, Registered Users 2 Posts: 10,462 ✭✭✭✭WoollyRedHat


    Guinness for dyslexics.


  • #21
    tomwaterford
    Closed Accounts Posts: 16,768 ✭✭✭✭tomwaterford


    foggy_lad wrote: »
    Does that deal involve you turning up in a woolly sheep suit and wellys with your lad out?

    Possibly for 80K :P


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  • #22
    Connemara Farmer
    Closed Accounts Posts: 1,975 ✭✭✭Connemara Farmer


    kneemos wrote: »
    They sold a ram for 150,000 guineas.
    Wasn't paying that much attention to it to figure out how a ram could be worth that much.

    He's not worth that much, it's a racket, allegedly.

    It's also very bad press for commercial sheep farmers who get commercial prices. As a consumer see's these rams on TV getting sold for that type of money and may think this is somehow normal.

    Livestock shows, and sales like the above are the ruination of many breeds. It's utter bull**** IMO.


  • #23
    goose2005
    Registered Users, Registered Users 2 Posts: 4,798 ✭✭✭goose2005


    to be posh. In the old days doctors, lawyers etc. would charge fees in guineas, while a lower class of labourer (carpenter, painter) would bill in pounds.


  • #24
    sligojoek
    Registered Users, Registered Users 2 Posts: 25,420 ✭✭✭✭sligojoek


    A guinea was 21 shillings.


  • #25
    sligojoek
    Registered Users, Registered Users 2 Posts: 25,420 ✭✭✭✭sligojoek


    http://en.wikipedia.org/wiki/Guinea_%28British_coin%29

    Replacement by the pound

    In the Great Recoinage of 1816, the guinea was replaced as the major unit of currency by the pound and in coinage with a sovereign.

    Even after the coin ceased to circulate, the name guinea was long used to indicate the amount of 21 shillings (£1.05 in decimalised currency). The guinea had an aristocratic overtone; professional fees and payment for land, horses, art, bespoke tailoring, furniture and other luxury items were often quoted in guineas until a couple of years after decimalisation in 1971.[9] It was similarly used in Australia until that country went to decimal currency in 1966.

    It is still quoted in the pricing and sale of livestock at auction and racehorses, where the purchaser will pay in guineas but the seller will receive payment in an equal number of pounds. The difference (5p in each guinea) is traditionally the auctioneer's commission. Many major horse races in Great Britain, Ireland, Canada, New Zealand and Australia bear names ending in "1,000 Guineas" or "2,000 Guineas", even though the nominal values of their purses today are much higher than the £1,050 or £2,100 suggested by their names.


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