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Sovereign Saturday: 1947 Saudi Arabia, Abdal Aziz Bin Saud Gold Sovereign (Pound) PCGS MS62

 
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United States
1420 Posts
 Posted 03/27/2021  4:06 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message
(1947) Saudi Arabia, Abdal Aziz bin Saud Gold Sovereign (Pound) MS62 PCGS. KM-35. Struck at the Philadelphia Mint to exchange for Saudi oil. Per the reverse inscription, contains 0.2354 troy ounces of gold. One of the few gold coin issues struck by the U.S. Mint during the era when American private gold ownership was illegal. This example is well preserved and offers excellent eye appeal. The broad obverse rim exhibits two lengthy die cracks.



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61731 Posts
 Posted 03/27/2021  6:39 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Interesting. Not exactly an artistic highlight!
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158 Posts
 Posted 03/27/2021  7:14 pm  Show Profile   Bookmark this reply Add newguy22 to your friends list Get a Link to this Reply
How much do these normally fetch for? I'm assuming much much higher than melt?
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 Posted 03/27/2021  8:48 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
This one went for $4,465 on Heritage.
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Australia
19144 Posts
 Posted 03/27/2021  10:32 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Exactly the same specification as the British Sovereign, 22 ct gold, .2354 ozs. AGW.
There is also an ARAMCO four sovereign piece, only very slightly shy of a Double Eagle in AGW. I have seen only one of those.

I didn't think that the ARAMCO sovereign was all that scarce.
I remember seeing quite a few individual coins in Australia in the late 1970's.
Apparently, it may be that most of them have been melted down since that time, hence the high price realized at Heritage.
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 Posted 03/29/2021  09:00 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Very interesting. So many questions, but this is not the place for them.
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 Posted 03/30/2021  04:38 am  Show Profile   Bookmark this reply Add PNWType to your friends list Get a Link to this Reply
I wish the reverse was a bit more interesting. The obverse, though nothing incredible, has a nice no-nonsense government look to it.
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 Posted 03/30/2021  08:51 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
I do like the obverse. But that reverse, yeah, they could have given it a bit more effort. This is gold, after all.
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Australia
19144 Posts
 Posted 03/30/2021  6:20 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
These coins were not primarily made to satisfy collectors' artistic tastes; they were essentially bullion coins.
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 Posted 03/31/2021  10:04 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
they were essentially bullion coins.
True, but look at our other gold bullion. We have standards!

I am kidding around, of course. Their purpose is to settle debt, not win awards.
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 Posted 08/04/2021  11:08 pm  Show Profile   Bookmark this reply Add Pauley to your friends list Get a Link to this Reply
another nice piece
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 Posted 08/06/2021  10:06 pm  Show Profile   Bookmark this reply Add gxseries to your friends list Get a Link to this Reply
You know what stumps me is, why the odd "0.2354 troy ounce".

Even if it's converted to grams, it's 7.32 grams so it's not quite a easy number.

Any idea why?
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My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month.
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 Posted 08/06/2021  11:02 pm  Show Profile   Bookmark this reply Add newguy22 to your friends list Get a Link to this Reply
@gxseries Sovereign size? Didn't the British have some influence in the region back in those days?
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