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What does 10 guineas mean in currency?

Updated: 4/28/2022
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12y ago

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A guinea was 21 shillings = 1 pound 1 shilling

So 10 guineas was 10 x 21 shillings = 10 pounds 10 shillings

A shilling was 12d and 1 pound was 240d ⇒ 1 shilling was 12/240 = 1/20 pound

At decimalization in 1971, £1 = 100p = 240d ⇒ 1 shilling = 1/20 x 100p = 5p

⇒ 10 pounds 10 shillings = £10 + 10 x 5p

= £10.50 in decimal currency.

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