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You are like many who think they know better. Whilst it might be engraved as such, it was known as the Queens Cup and at the time was associated with the guinea even though it was no longer in circulation. It was used until relatively recently  in legal matters and wagers, I've even done a deal...

Minor point but it was the 100 Guinea Cup (21 shillings with 20 shillings in the pound). 100 pounds would be considered a trifle crass in those days.