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Auction: 402 - The Numismatic Collector's Series Sale at NY INC
Lot: 245

Saudi Arabia. `Abd al-`Aziz b. Sa`ud (AH 1344-1373/ 1926-1953 AD). 4 Pounds, nd (1945-1946). Philadelphia mint. American eagle; U.S. MINT PHILADELPHIA-U.S.A., rev. Three-line gold weight legend within lined rectangle. Fr.190, KM 34. In the 1940's, the Arabian-American Oil Company (Aramco) paid the government of `Abd al-`Aziz $3 million a year in oil revenues. Its contract required payment in gold, thus gold 4 Pounds and Pounds (Sovereigns) were produced at the Philadelphia mint to satisfy this requirement. These pieces saw limited circulation in the Kingdom of Saudi Arabia, while some Aramco workers even used them as poker chips. Most were melted down into bullion and sold as gold bars in Macau. NGC AU 55.

Estimate
$2,000 to $2,500

Starting price
$1200