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1 Gunayh - Abd al-Azīz
| Issuer | Saudi Arabia (1932-date) |
|---|---|
| Year | 1951 |
| Type | Log in to see details |
| Value | 1 Gunayh (5) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
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| Technique | Log in to see details |
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| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Arabic |
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| Reverse description | Log in to see details |
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| Mint | Log in to see details |
| Mintage | 1370 (1951) - ١٣٧٠ - 2,000,000 |
| Additional information |
The Saudi gold Guinea — modeled dimensionally on the British sovereign — was introduced in 1951 as part of Abd al-Aziz ibn Saud's effort to establish a credible gold-backed currency at a moment when oil revenues were beginning to transform the kingdom's finances. The Philadelphia Mint struck these pieces under contract, an arrangement that suited a country without its own minting infrastructure.
Mintage was relatively brief; by 1954 the Saudi Arabian Monetary Agency had shifted priorities toward paper currency backed by silver riyals. Philadelphia's involvement makes this one of the more unusual contractual relationships in mid-century American mint history.