Saudi Arabia AH1370 guinea

from Goldberg sale 90, lot 3801

This specimen was lot 3801 in Goldberg sale 90 (Los Angeles, January 2016), where it sold for $340.75. The catalog description^[1] noted, "Saudi Arabia. Guinea (Pound), AH1370 (1950). One year type. NGC graded MS-66." The stated mintage, if correct, must have represented virtually every gram of bullion in the kingdom, down to melted teeth and wedding rings. The oil bonanza which would make the Saudis rich beyond the dreams of avarice had not arrived in 1950. Altho catalogued in the SCWC as a guinea, the weight matches the sovereign.

Recorded mintage: 2,000,000.

Specification: 7.99 g, 0.917 fine gold, 0.234 oz AGW.

Catalog reference: KM-36.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
• Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
• ^[1]Goldberg, Ira, Larry Goldberg, John Lavender, Yifu Che, Jason Villareal and Stephen Harvey, Goldberg Sale 90: the Pre-Long Beach Auction, Los Angeles: Goldberg Coins and Collectibles, 2016.

Link to:

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• return to coins of Saudi Arabia