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Gilted or Gilded?

Looking up the definition this morning, I find it spelled both ways. Gilted and Gilded. However, my spellchecker says gilted is misspelled and offers gilded as the correct spelling. Any comments?
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When used as adjectives, the spellings are typically gilt or gilded. Examples: a gilded lily, gilt bronze.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
I prefer gilded. I suspect that gilted is an older usage now fallen out of favor.
There is no gilted. There is gilt and there is gilded.
Subtle difference. Both refer to gold color. Gilded is more about the quality of gold.
Lance.
The above are correct ... a coin or object may have gilt because it has been gilded....Cheers, RickO
gilt to me refers to the layer of Gold that is applied to an object.
gilding is the process.
gilded is what has taken place.
guilty refers to the worker who has performed the gilding, old English spelling is guiltee.
Thanks to all that answered. Makes sense now.
Gelding ? A golden horse with no family jewels?
Roger, nice!!!!!!