Knuts

Knuts are the smallest unit of currency in the wizarding economy of Great Britain as depicted in the Harry Potter series. They form part of a three-tier system consisting of knuts, sickles, and galleons. A knut is a small coin used for minor purchases; larger transactions are conducted in sickles and galleons.

The canonical exchange rate places 29 knuts to 1 sickle and 17 sickles to 1 galleon, meaning 493 knuts equal 1 galleon. These rates are established in the series’ supplementary materials and are echoed in fan and reference works, though the books themselves rarely require exact figures in the narrative.

Gringotts Wizarding Bank in Diagon Alley handles coinage, vaults, and currency exchanges, and the knut is used across Hogwarts, Hogsmeade, and other wizarding locales. In everyday scenes, characters reference small sums in knuts or in sickles for routine purchases, while galleons are reserved for larger expenditures.

As a canonical unit, knuts are primarily encountered as part of a larger monetary system rather than as a focus of plot. The term knut has since entered fan culture as a shorthand for a small amount of wizarding money.