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Anyone have one of these?

KentuckyJKentuckyJ Posts: 1,871 ✭✭✭
in Precious Metals

~ 1 oz. - Mintage of 91,000 shipped as USA payment for oil - vintage 1945. Most of these were melted by the Saudi's for their bullion content.

image

Comments

  • gecko109gecko109 Posts: 8,231 ✭
    .9416 troy ounces. I'll offer melt +3%!image


    Cool piece, never seen one before.
  • carscars Posts: 1,904
    No but I'd like one.
    Its all relative
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    There have been a few threads about them over the years. Watch for counterfeits.

    http://forums.collectors.com/messageview.cfm?catid=26&threadid=699321&highlight_key=y&keyword1=saudi

    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • PerryHallPerryHall Posts: 46,232 ✭✭✭✭✭
    This series has been heavily counterfeited. Buy only in top tier slabs unless you are an expert authenticator.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    image

  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    NICE! I would definitely own one in top tier plastic if the premium isn't outrageous.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    > I would definitely own one in top tier plastic if the premium isn't outrageous


    The 1 pound is scarce and carries a hefty numismatic premium. Steinberg's is offering this one ...

    SAUDI ARABIA 1 Pound ND (1947) “ARAMCO” FR. 191 (KM35) Struck at the Philadelphia mint
    for a concession payment for oil to the Saudi government (most were melted into bullion!)
    Genuine 1 Pound specimens are much scarcer than the larger 4 Pound specimens!
    NGC MS61---------------------------------------------------------------------------------------------------$1,650.00


    image

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    how much actual gold weight are in the 4p and 1p?

    They are neat
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  • CaptHenwayCaptHenway Posts: 32,232 ✭✭✭✭✭
    The one pound is equal to a British sovereign at .2354 tr. oz. net. The four pounds is four times that, or what Gecko said.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • OverdateOverdate Posts: 7,017 ✭✭✭✭✭
    I wonder why the Saudis weren't accepting dollars back then.

    P.S. Anyone notice that the British sovereign (and the U.S. "pound" bullion piece) has almost exactly 4/17 oz. of gold? For some reason all early 20th century gold coins seemed to have odd weights, rather than full and fractional ounces.

    My Adolph A. Weinman signature :)

  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    > I wonder why the Saudis weren't accepting dollars back then


    Maybe it was something related to the time? WWII was closing. The world was definitely in a big mess.
  • 7over87over8 Posts: 4,733 ✭✭✭
    British sovereigns were readily circulating then, thus the US piece weight and fineness is exactly as the Sovereign, and the larger piece 4P (4 sovereigns)

    The more interesting thing is the "historical" cross currency rate for the gold sovereign.......about $5 US.
  • PerryHallPerryHall Posts: 46,232 ✭✭✭✭✭
    Can I assume that 1 Pound equals 1 Sovereign? Seems strange that there would be two different names for the same denomination.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • gecko109gecko109 Posts: 8,231 ✭


    << <i>Can I assume that 1 Pound equals 1 Sovereign? Seems strange that there would be two different names for the same denomination. >>




    Like the cent and penny? Or the nickel and the half dime? (when they circulated together, same denomination, different names, different composition obviously tho).
  • CaptHenwayCaptHenway Posts: 32,232 ✭✭✭✭✭
    A sovereign is the name for a gold one pound coin.
    All sovereigns were pounds; not all pounds were sovereigns.
    In America we had gold dollars, silver dollars and paper dollars. All gold dollars are dollars; not all dollars are gold dollars.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • PerryHallPerryHall Posts: 46,232 ✭✭✭✭✭


    << <i>

    << <i>Can I assume that 1 Pound equals 1 Sovereign? Seems strange that there would be two different names for the same denomination. >>




    Like the cent and penny? Or the nickel and the half dime? (when they circulated together, same denomination, different names, different composition obviously tho). >>



    There are no U.S. pennys. This is a slang term for cents. As a coin collector, you should know this.






    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    Auctioned today at Bowers & Merena ... NGC MS 61 ... $1,678.00 (with the juice) ... in line with what they've been bringing recently at Heritage

    image

  • sbeverlysbeverly Posts: 962 ✭✭✭
    That's one of those pieces that after seeing the picture...

    I'll have to get one.
    Positive transactions with Cladiator, Meltdown, ajbauman, LeeG, route66,DennisH,Hmann,FilamCoins,mgoodm3,terburn88,MrOrganic, weg,dcarr,guitarwes,Zubie,Barndog,wondercoin,braddick,etc...
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