A gold 'spade' guinea dated 1788 *RESERVED*
If it had not been for the "military guinea" issued in 1813 to pay for the campaign against Napoleon, the spade guineas of George III would have been the last guinea issue.
The fifth head issue of George III guineas had a spade shaped shield on their reverse instead of the garnished shields used on previous issues. Because these were virtually the last type of guinea to be issued, they are found more abundantly than the earlier versions. Because of the spade shaped shield they have for a long time been known as "spade guineas" or "spade ace" guineas, the latter because they resemble the ace of spades as usually portrayed on playing cards.
During recent years, they have been getting scarcer, particularly in better grades.
The 1788 Guinea is a particularly sought-after date for Australian numismatists because that year marked the foundation of the first British settlement in Australia in what later became known as New South Wales.
Ours is in fair to good condition but has a gold mount added to the top so it could be used as a pendant. Total weight 8.9grams.