Anyone have one of these?
KentuckyJ
Posts: 1,871 ✭✭✭
~ 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.
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Cool piece, never seen one before.
http://forums.collectors.com/messageview.cfm?catid=26&threadid=699321&highlight_key=y&keyword1=saudi
--Severian the Lame
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
--Severian the Lame
> 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
They are neat
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
TD
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
> 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.
The more interesting thing is the "historical" cross currency rate for the gold sovereign.......about $5 US.
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
<< <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).
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
<< <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
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
I'll have to get one.