3189

U. S. Mint Philadelphia Gold Piece [164293]

Currency:USD Category:Coins & Paper Money Start Price:1,000.00 USD Estimated At:2,000.00 - 4,000.00 USD
U. S. Mint Philadelphia Gold Piece [164293]
SOLD
2,300.00USDto B******c+ buyer's premium (471.50)
This item SOLD at 2023 Apr 01 @ 11:29UTC-7 : PDT/MST
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KM#35; (1947) Saudi Arabia Gold Pound. Obv.: U. S. Mint / Philadelphia - U S A; Rev.: Gross Weight 493.1 grains / Net Weight 452.008333 Gr. / Fineness 916 2/3. These coins were struck at the Philadelphia Mint for a concession payment for oil to the Saudi Government. Most were melted into bullion. Fineness: 0.9167; Weight: 32 grams; 30 mm, reeded edge. Struck during an era where it was illegal to privately own gold in the United States. Created for Arab American Oil Company (ARAMCO) as payment to the Saudi Arabian government for its oil rights.

There is a significant discussion of these coins in Coin World. Fahey carefully discussed the counterfeits vs the real McCoy. The counterfeits have weak stippling adjacent to the letters, while the stippling on the real pieces is even and pronounced. This coin possesses those attributes. We reference PCGS 557991 as an example that very closely, if not nearly exactly, resembles this coin and possesses even stippling. Meanwhile, NGC 6468750-023 may better represent the alternate pieces. The two aforementioned coins are not similar, though graded the same. Sometimes these differences can be difficult to ascertain, as is the case here. Your opinion is what counts.

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