Saudi Arabia One Guinea Gold Coin
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Melt Value: Saudi Arabia One Guinea Gold Coin
This gold coin contains 0.235 troy ounces of bullion. Based on the metal content and weight, the intrinsic melt value of one Saudi Arabia One Guinea Gold Coin is $541.63 based on today's gold spot price.
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The Saudi Arabian Guinea, often referred to as the "Saudi Guinea," was first minted in 1950. The coin was modeled after the British Sovereign, which was widely circulated throughout the region..
The Saudi Guinea helped to facilitate trade Middle East because of demand for a stable, gold-based currency. The coin was created to have a fixed gold weight which made it reliable for trade and valued by merchants.
Saudi Arabian One Guinea Gold Coin Highlights:
- Minted with .2354 troy ounces of gold in an 22-karat alloy with a small amount of copper for durability.
- The obverse and reverse designs contain a calligraphic design set inside a beaded outer circle, crossed swords and palm trees.
The Saudi Arabian One Guinea coin is composed of approximately 22-karat gold (91.67% gold and 8.33% copper), which is a standard alloy for gold coins that provides a balance of purity and durability.
Its introduction helped stabilize the currency system in Saudi Arabia and facilitated trade across the broader global market.
| Weight | .2354 oz |
| Country | Saudi Arabia |
| Type | Gold Coin |
| Mint | Various |
| Purity | .916 fineness |
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