1947 One Pound PCGS MS62

I’ve never stocked a Saudi Arabian coin before, so my interest was piqued when I was offered this famous Saudi Arabian gold coin. Issued in 1947 by the Philadelphia mint in the United States, it was used by the largest and most valuable company in the world, Saudi Aramco (previously known as the Arabian American Oil Company), to make payments to the Saudi government. They were struck to exactly the same purity and weight as the British sovereign, although it was the American eagle that adorned it rather than St George and the dragon. Many of the coins appear to have been circulated (accounting for the large quantity of circulated examples on the market), but a majority were later melted and converted into bars, according to sovereign dealer Andrew Crellin. The example on offer here is an attractive piece in decent mint state grade, and one of the nicer examples I’ve seen on the market. Popular with collectors and not exactly common, it is an interesting example of token coinage from another time. Professional Coin Grading Service is the global leader in coin authentication and grading. With over 60 million coins graded and counting, PCGS is trusted by collectors, dealers, and investors to certify authenticity, protect value, and elevate market confidence. This is a direct conversion of the 70-point PCGS grade to a 10-point scale, intended to present the grade in a more intuitive format for newer collectors. It is not our personal opinion or an attempt at regrading the coin to a different standard. To understand how the 70-point scale converts to a 10-point scale, [click here](https://drakesterling.com/en/page/the-ten-point-coin-grading-scale). I’ve never stocked a Saudi Arabian coin before, so my interest was piqued when I was offered this famous Saudi Arabian gold coin. Issued in 1947 by the Philadelphia mint in the United States, it was used by the largest and most valuable company in the world, Saudi Aramco (previously known as the Arabian American Oil Company), to make payments to the Saudi government. They were struck to exactly the same purity and weight as the British sovereign, although it was the American eagle that adorned it rather than St George and the dragon. Many of the coins appear to have been circulated (accounting for the large quantity of circulated examples on the market), but a majority were later melted and converted into bars, according to sovereign dealer Andrew Crellin. The example on offer here is an attractive piece in decent mint state grade, and one of the nicer examples I’ve seen on the market. Popular with collectors and not exactly common, it is an interesting example of token coinage from another time.