Gold Saudi Arabian Guinea Coins in Stock

November 30th, 2012 by

saudi-guinea-obvsaudi-guinea-rev

Gainesville Coins has just received some Saudi Arabian Gold Guineas in stock. These coins were designed as a Saudi equivalent of the British Gold Sovereign, and were the first gold coins ever minted by the Kingdom of Saudi Arabia. The Saudi Guinea was first minted in 1950, but was not released into circulation until 1952 with the establishment of the Saudi Arabian Monetary Agency (SAMA) to oversee currency matters in the kingdom. There was one additional mintage in 1957 before these coins were removed from circulation due to the rising price of gold. These 22mm coins are made with .917 pure gold and have an AGW of .2354 ozt.

4 thoughts on “Gold Saudi Arabian Guinea Coins in Stock

    1. gainesvillecoins Post author

      The price of most gold coins is set as a premium over the spot price. The spot price is polled every ten seconds. The coin is 22k gold, with .2355 troy oz of gold content.

    1. gainesvillecoins Post author

      Yes, someone used the same photo for the restrike and the original by mistake when it was put up (this is a three year-old post you’re commenting on, by the way.) We carry both, but are out of stock on all our Saudi gold coins at the moment.

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