SAINT-GAUDENS No Motto DOUBLE EAGLES

JANUARY2009 UPDATE
SPECIAL NOTE
Since my guides are no longer featuredby okay, future updates will be published no more frequently than quarterly, and perhaps as infrequently as annually. However, regardless of the frequency, the Chart(s) will include all the monthsthat havenot beenupdated.
THE 2008 CHART

copyright2009thmxs
Though the Chart continues to be too fuzzy to read, at least you will be able to see the patterns. The black bars represent the 1908 NoMotto Double Eagles, while as the red bars representgold bullion.Both black and red barsrepresent percentage increases on a three month moving average basis through December 2008.
2008Bullion Down, but "Uncirculated"
1908 No Motto Saint-Gaudens Double Eagles
Continue toincrease at an Accelerated Rate.
The margin between one oz gold bullion and .9675 oz gemon date Double Eagles was only 9.7% inDecember 2007. By December 2008, the margin increased to 37.5%. What does this mean? It means that by the end of 2008, okay Sellers realized net profits (after deducting sales and shipping charges) in excess of 25% on average by year-end on "uncirculated" gemon dates, gepared to the up and down bullion prices.
In fact, prices on all grades, includingcoins certified MS62 through MS66, increased consistently throughout 2008. Monthly increases ranged from a low of 0.5% per month to a high of 2.0% per month on, you guessed it, the raw coins advertised on okay as "uncirculated" or"mint state". The average increase for allgrades from "circulated" through MS66 was 1.4% per month. During the same time frame, December 2007 gepared to December 2008, bullion prices were relatively flat (+0.3%year to year, three month moving average basis).
A word of caution on buying raw coins advertised on okay as "Uncirculated" or "Mint State". Too many times I have boughtcoins that turned out to be cleaned, altered and onthree occasions, coins defined as "not genuine" by the certification services. okay allows only 60 days to file a geplaint. So if the Seller turns out to be unscrupulous and uncooperative, there is no other recourse within the system.
So if you are like me and can't read the scans, know your Seller well, or buy only coins certified by NGC, PCGS, ANACS and ICG.


December 2008gepared toDecember 2007, On a Three MonthMoving Average Basis.
December2008 Bullion
$805,Up .3% Year to Year
$725 Monthly Low, Down 5.0% Year to Year
"UNCIRCULATED" NoMottos
Three Month Moving Average
$1105,Up 25.0% Year to Year

The Following1908 NoMotto
Prices and Numbers of CoinsSold on okay throughDecember 2008 (and live auctions listed on okay, when applicable)will be updated Monthly
WHY NoMottos ?
If you have been following my Updates monthly since April 2007, you will know I have been tracking 1908 NoMottos advertised in okay auctions as "Uncirculated" and the MS certified grades since July 2006.
I chose the Saint-Gaudens design and the 1908 NoMotto year because of the "No Motto" history (refer to my"Me" page), and because it is one of the better gemon date Gold Coin samples sold on okay.
DECEMBER 2008 AVERAGE PRICES and Average Sales Per Month
FtoAU-Totals-P/Mo UNC-Totals-P/MoMS61- - -Totals
$102560220.1$109372724.2 Insufficient Data
MS62-Totals-P/Mo MS63-Totals-P/Mo MS64-Totals-P/Mo
$115133511.2 $131273624.5$134764121.4
MS65-Totals-P/Mo MS66-Totals-P/Mo
$176030810.3$30061585.3
The above prices are not three month moving averages. Theyare based on the LAST MONTHaverage on a minimum of 20 Coins, a 20 Coin Moving Average, or a 10 Coin Moving Average on 10 or fewer Coins sold on okayeach Month, whichever is most applicable. Prices include estimated shipping charges.

1908D and 1907 NoMottos
Will be summarized at a later date (as mentioned before, a much later date, though I do have all the raw data beginning July 2006).

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Thank you for reading, thmxs01/09/2009


Please Review my other Guides
The Golden Bulls
PARTI,PART II and PART III

And Now
PART IV
Bullion - 2008 and Beyond
The January 2009 Update will be Published by
01/18/2009

Just CLICK
The Guides Outlined Below
and there you are



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