| Author |
 Replies: 12 / Views: 3,201 |
|
|
Press Manager
 United States
1420 Posts |
(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.  Read More: Coin of the Day Series |
|
|
|
Bedrock of the Community
United States
94367 Posts |
Interesting. Not exactly an artistic highlight!
|
|
Valued Member
United States
277 Posts |
How much do these normally fetch for? I'm assuming much much higher than melt?
|
|
Forum Dad
United States
24150 Posts |
This one went for $4,465 on Heritage.
|
|
Bedrock of the Community
Australia
21786 Posts |
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.
|
|
Moderator
United States
187934 Posts |
Very interesting. So many questions, but this is not the place for them.   |
|
Pillar of the Community
United States
561 Posts |
I wish the reverse was a bit more interesting. The obverse, though nothing incredible, has a nice no-nonsense government look to it.
|
|
Moderator
United States
187934 Posts |
I do like the obverse. But that reverse, yeah, they could have given it a bit more effort. This is gold, after all.  |
|
Bedrock of the Community
Australia
21786 Posts |
These coins were not primarily made to satisfy collectors' artistic tastes; they were essentially bullion coins.
|
|
Moderator
United States
187934 Posts |
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.  |
|
Valued Member
United States
109 Posts |
|
|
Pillar of the Community
Australia
3831 Posts |
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?  |
|
Valued Member
United States
277 Posts |
@gxseries Sovereign size? Didn't the British have some influence in the region back in those days?
|
| |
Replies: 12 / Views: 3,201 |
|
Posted 03/27/2021 7:14 pm
