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aramco gold

1946Hamm1946Hamm Posts: 781 ✭✭✭✭✭
in World & Ancient Coins Forum
Interesting coins to say the least. I aquired these a while back to include in my US gold type set even tho they were not meant for the US. They were made for the ARAMCO oil company to pay for oil in Saudi Arabia in 1945 and 1947. There were 127,000 gold soverigns minted and 91,000 gold 4-soverigns minted.

From all reports, most were melted for the gold content by the Saudis. I have a lot more unanswered questions than answers.

How did ARAMCO get the mint to make these?
Where did the gold to produce them come from?
Was congress involved?

I have more questions and think that if someone with the whole story that this would make an interesting topic. Had to be some inside shennagins pulled to get these made.

Anyone have any answers?? Thanks for any help.

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Have a good day, Gary

Comments

  • indianabyronindianabyron Posts: 1,023
    WOW now there is a new one for me. I have never seen those before. Cool coins umm well at least I think they are coins.


    Byron
    Im unemployed again after 1.5 years with Kittyhawk they let me go. image

    My first YOU SUCK on May 6 2005
  • MacCrimmonMacCrimmon Posts: 7,058 ✭✭✭
    ARAMCO links
  • ColinCMRColinCMR Posts: 1,482 ✭✭✭
    very interesting.

    gold is so fun!
  • 1jester1jester Posts: 8,637 ✭✭✭
    So that's what happened to the gold that FDR stole....

    imageimageimage
    .....GOD
    image

    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • BigAlanBigAlan Posts: 311 ✭
    According to a US Mint statement of 1956 they are bullion furnished to Saudi Arabia, (probably used to pay for WW II oil.) In 1949 and 1950 many were shipped to India as bullion.


    "Dangerous counterfeits of both sizes exist." Foreign Coins Struck at United States Mints
    "It is good for the state that the people do not think."

    Adolf Hitler
  • BigAlanBigAlan Posts: 311 ✭
    Had to be some inside shennagins pulled to get these made.

    During WW II many foreign issues were made for other countries especially colonies of European countries.
    "It is good for the state that the people do not think."

    Adolf Hitler
  • CompaCompa Posts: 583
    Interesting thread

    Was this:

    << <i>"Dangerous counterfeits of both sizes exist." Foreign Coins Struck at United States Mints >>



    supposed to be a link? ... could it be fixed?
    Jim

    Coin Show Schedules - www.CoinShowDates.com

    image
  • theboz11theboz11 Posts: 6,576 ✭✭✭
    Ebay even has one for sale
    ARAMCO Gold
    My Medals collection

    FOR SALE Items
  • BigAlanBigAlan Posts: 311 ✭
    Was this:

    << "Dangerous counterfeits of both sizes exist." Foreign Coins Struck at United States Mints >>



    supposed to be a link? ... could it be fixed?



    Not link, quote from book.image
    "It is good for the state that the people do not think."

    Adolf Hitler
  • canadiancoinguycanadiancoinguy Posts: 405
    Looks like I learned something new today image
    World coins for sale
    Ebay
  • AskariAskari Posts: 3,713 ✭
    Welcome, 1946Hamm!! I like your icon! image
    Askari



    Come on over ... to The Dark Side! image
  • NJMark1NJMark1 Posts: 479 ✭
    Interesting stuff! Thanks for the links

    Mark
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