by | Feb 4, 2024 | History, Numismatics

1945 Saudi Arabia 1P NGC MS62  ARAMCO

These pieces have an extremely interesting history. While not technically considered coins, they were struck by the U.S. Mint in Philadelphia in order to satisfy the debts owed to Saudi Arabia’s Arabian American Oil Company, or ARAMCO. They weigh the exact same amount as the British gold sovereign, which was extremely popular at the time.    

To truly understand what a great history this “coin” has,  I would highly recommend to buy the book called Oil, God and Gold: The Story of Aramco and the Saudi Kings.  

1277672008  1121C400

Jonathan Lerner Revised

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Jon Lerner, a renowned figure in numismatics, discovered his passion for rare coins in his Scarsdale, New York upbringing. With a keen eye for quality, he founded Scarsdale Coin in 1985, quickly establishing it as a premier destination for collectors. Beyond dealing, Jon is a respected speaker and prolific writer, sharing his expertise with enthusiasts worldwide. His commitment to integrity and professionalism has earned him admiration throughout the numismatic community. Jon remains dedicated to enriching collectors' experiences and preserving the legacy of rare coins for future generations.