2 ms·
My favorite money has always been the guinea because it set the profit for middlemen. You would pay the auctioneer in guineas (21 shillings) and they would pay
by pessimizer 4y ago
My favorite money has always been the guinea because it set the profit for middlemen. You would pay the auctioneer in guineas (21 shillings) and they would pay the seller of the item in pounds (20 shillings), giving the auctioneer a 4.75% commission.