You are here

J.P. Koning: Why the U.S. Mint once issued gold discs to Saudi Arabia

Section: Daily Dispatches

9:45p ET Monday, November 26, 2018

Dear Friend of GATA and Gold:

Writing at Bullion Star, market analyst and monetary historian J.P. Koning tells the fascinating story of how in the late 1940s the U.S. Mint in Philadelphia made gold coins for the Saudi Arabian government that have become collector's items with high premiums. But contrary to widespread belief, Koning writes, the coins, dominated only by their weight and purity, had nothing to do with the Arab-American Oil Co.

Koning's essay is headlined "Why the U.S. Mint Once Issued Gold Discs to Saudi Arabia" and it's posted at Bullion Star here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Goldco Is America's No. 1 Gold IRA Provider

Goldco Precious Metals was founded by Trevor Gerszt in 2006 with a mission to help Americans protect their retirement accounts from market volatility and inflation by adding precious metals like gold and silver.

Experts predict that we are headed toward another economic crash like the one in 2008. If you aren't prepared, your retirement savings could vanish. At Goldco we take the time to understand our customers' investment goals and objectives and give them the resources to feel confident that their money will be there for them when they need it.

To learn more about adding gold and silver precious metals to your retirement accounts, please visit Goldco here:

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

To contribute to GATA, please visit: