(1945-46) ND AV 4 Pounds. Eagle with wings open / GROSS WEIGHT - 493.1 GRAINS/ NET WEIGHT - 452.008333 GR. Three lined inscription within horizontal bars. These so-called, "gold discs" in Sovereign and Four Sovereigns (Pounds denominations) were struck by the United States Mint in Philadelphia for the Arabian American Oil Company (ARAMCO).
The company were unable to obtain gold at the monetary price fixed by the United States so the U. Government specifically began to mint the discs. The majority of these were not issued and most were later melted down, making the surviving population rather small. In 1952, when the Saudi Arabian Monetary Agency (SAMA) was formed, the first coin issued was a Saudi Sovereign, a gold coin equal in weight and value to the British Sovereign.To verify the authenticity of PCGS and NGC certified coins in this listing, enter each certification number on the respective NGC or PCGS cert verification webpages: 4727263016. The item "SAUDI ARABIA (1945-46) ND AV 4 Pounds. NGC MS61 Philadelphia mint" is in sale since Tuesday, February 16, 2021. This item is in the category "Coins & Paper Money\Coins\ World\Middle East\Saudi Arabia". The seller is "atlasnumismatics" and is located in Brooklyn, NY. This item can be shipped worldwide.