Description
- RARE US MINTED LARGE GOLD 4 POINT ARAMCO ISSUE FOR SAUDI ARABIA; STRUCK 1945-1946 AT THE PHILADELPHIA MINT
-Abd al-Aziz bin Saud era gold 4 pounds struck in 1945-1946 at the Philadelphia mint (KM34); AGW 0.9419 oz (31.95 grams)
DESCRIPTION
US-minted gold 4 pound ARAMCO issue for AU58 with NGC grading in Saudi Arabia. Very rare type; only a fraction of the original edition survived the crucible. According to some sources, these "coins" were struck for the oil company ARAMCO, which used them in return for the payment of oil concessions in Saudi Arabia. The Saudis had requested that the oil concessions be paid in gold rather than paper money. From 1945 to 1946, the US government struck a total of 91,410 of these gold rounds at the Philadelphia mint. Technically, these gold rounds were referred to as "disks" in order to avoid potential legal problems once the US government ran out of gold problems. Most of these gold rounds went to Saudi Arabia, where they were instantly melted and turned into gold bars. Very few specimens survived, making it one of America's hottest gold collectibles.
Gold from the Abd al-Aziz bin Saud era 4 pounds struck at the Philadelphia Mint (KM34) from 1945-1946; AGW 0.9419 oz
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