1945 Saudi Arabia 1P NGC MS62 ARAMCO

by Scarsdale Coin | 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

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