1947 Saudi Arabia: Abd Al-Aziz Bin Sa’ud gold Pound – PCGS MS 62

Available for sale is an instantly recognizable near-choice emission struck to pay the government of Saudi Arabia for oil rights bearing the seal of the United States with sharp remnant detailing on on a Sovereign-size planchet. These pieces have an extremely interesting history. While not technically considered coins, they were struck by the U.S. Mint in Philadelphia in order to satisfy the debts owed to Saudi Arabia’s Arabian American Oil Company, or ARAMCO. They weigh the exact same amount as the British gold sovereign, which was extremely popular at the time. These were the first gold coins struck by the U.S. Mint since 1933, at a time when private U.S. gold bullion ownership was unlawful. This coin is graded PCGS MS 62. The coin in the photos is the exact coin you are receiving.