Stack's Bowers & Ponterio
August 2015 ANA Auction - Sessions B-C 14 August 2015
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SAUDI ARABIA. Pound, ND (1947). Philadelphia Mint. NGC MS-62.
KM-35. American eagle, ingot punch of "U.S. MINT, PHILADELPHIA"; Reverse: Three line inscription of gold weight, 0.2354 Troy Ounce. Once called the ARAMCO issue (Arabian-American Oil Company), these gold pieces equal to 1 and 4 Pounds were struck as concession payments in lieu of increasingly scarce British Gold Sovereigns. The scarcer of the two denominations. Frosty mint example, with near fully intact original luster on the fields. NGC MS-62.
Estimate: $1600.00- $1900.00
KM-35. American eagle, ingot punch of "U.S. MINT, PHILADELPHIA"; Reverse: Three line inscription of gold weight, 0.2354 Troy Ounce. Once called the ARAMCO issue (Arabian-American Oil Company), these gold pieces equal to 1 and 4 Pounds were struck as concession payments in lieu of increasingly scarce British Gold Sovereigns. The scarcer of the two denominations. Frosty mint example, with near fully intact original luster on the fields. NGC MS-62.
Estimate: $1600.00- $1900.00