1945 -1946 Saudi Arabia: Abd Al-Aziz Bin Sa’ud gold 4 Pound – PCGS AU 58

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. 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. The weight is 493.1 grains, equivalent to four British sovereigns. 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 AU 58. The coin in the photos is the exact coin you are receiving.