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Saudi Arabia Gold Guinea, BU
Minted 1950 (Hejira 1370)

Saudi Arabia Gold Guinea Minted 1950 (Hejira 1370) Obverse

Saudi Arabia Gold Guinea Minted 1950 (Hejira 1370) Reverse

Saudi Arabia has produced only five gold coin issues in its history, and gold guineas were minted for just one year, 1950 (Hejira date 1370), as trade coinage. They are exactly the same size and weight as British gold sovereigns, upon which they were modeled. Our examples are exceptionally nice in shimmering Brilliant Uncirculated (BU) condition with full, strong strikes and radiant mint luster.

These coins are quite striking and unusual. Both the obverse and reverse feature scripted Arabic legends inside and outside of a circle. At the bottom of the obverse are the traditional crossed swords of the kingdom, flanked by two palm trees. At the bottom of the reverse appears the Arabic numeral 1, again flanked by palms. A total of 2 million coins were minted.

Rich in history and oil
The Kingdom of Saudi Arabia is an absolute monarchy created by King Abd Al-Aziz Bin Saud in 1932. Occupying 80 percent of the Arabian Peninsula, it lies between the Red Sea and the Persian Gulf and has a population of over 22 million, 90 percent of whom are Muslim.

The birthplace of Islam, Saudi Arabia is home to Mecca and Medina, the two holiest cities of Islam and the focus of the annual Islamic Haj, or the pilgrimage to the holy city of Mecca. Islamic tradition prohibits non-Muslims from living in Saudi Arabia; but many non-Muslims are, in fact, admitted to the kingdom without citizenship as technicians, merchants, diplomats and soldiers.

Saudi Arabia is the single largest repository of petroleum, having about one-third of the world’s reserves. Because the oil is close to the surface, it can be retrieved inexpensively. Saudi Arabia also has the world’s largest developed reserve pumping capacity for oil, which allows it to control prices by adjusting the supply with relative ease.

These coins make a wonderful and inexpensive addition to a world gold set!

  

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Saudi Arabia Gold Guineas
Choice Brilliant Uncirculated Condition

Dates our choice.
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Design Specifications:
Minted     1950 (Hejira 1370)
Gold content     .2354 oz.
Size     22 mm diameter
Fineness     .916 Fine