295
Arabia Saudita
ABD AL'-'AZIZ AL-SA-UD (1926 - 1953) - 4 pound bar, n.d. (period 1945-46), Philadelphia.
Starting bid
€ 2.500
Sold
€ 6.100
The price includes buyer's premium
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Information
in gold
31.96 gr. - Diam. 30.00 mm.
Obverse: American federal eagle with spread wings; - Reverse: Three-line inscription within an incuse rectangle, milled edge.
31.96 gr. - Diam. 30.00 mm.
Obverse: American federal eagle with spread wings; - Reverse: Three-line inscription within an incuse rectangle, milled edge.
KM# 34.
BB/SPL.
The Arabian-American Oil Company (Aramco) paid the government of Abdulaziz $3 million a year in oil revenues. The contract stipulated payment in gold. To this end, the Philadelphia Mint began minting these coins in denominations of four pounds (sovereigns). These coins had limited circulation in Saudi Arabia; some Aramco workers even used them as poker chips. Most were melted down into gold bars and sold in Macau.
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