US-minted gold 4 Pounds ARAMCO issue for Saudi Arabia NGC-graded AU58. VERY rare type; only a fraction of the original issue survived the melting pot. According to some sources these “coins” were struck for the oil company ARAMCO which in return used them to pay for oil concessions in Saudi Arabia. The Saudis had requested that the oil concessions be paid in gold, not paper money. So, 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 called “discs” to avoid any potential legal issues at the time when the US government no longer struck any gold issues. Most of these gold rounds went to Saudi Arabia where they were promptly melted and turned into gold bars; very few specimens survived making it one of the hottest American gold issues collectibles.
Abd al-Aziz bin Saud era gold 4 Pounds struck in 1945-1946 at the Philadelphia mint (KM34); AGW 0.9419 oz. This is a great-looking specimen with original satiny mint luster; typical bag marks are noted for accuracy. Sharply struck with well-defined details; authenticated and graded AU58 by Numismatic Guaranty Corporation (NGC) – America’s best and most stringent grading service; NGC certification number 2803623-001. Buy with confidence knowing that this coin is 100% authentic, unaltered and professionally graded by some of the most respected numismatic experts.
This large US-minted gold 4 Pounds ARAMCO issue for Saudi Arabia is guaranteed to be genuine or your money back. This “gold-for-oil” type is hard to find in any condition nowadays; don’t miss your chance to add it to your collection!
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