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A comprehensive overview of  Saint-Gaudens No Motto Double Eagles, compared to Gold Bullion prices and projections.  This Guide will no longer be updated monthly.  However, the 

   The January 2009 Update  

Is Now Available

With the Latest NoMotto Pricing

By Grade through December 2008 

WHY No Mottos ?

If you have been following my Updates since April 2007, you will know I have been tracking 1908 NoMottos advertised in eBay auctions as "Uncirculated" and the MS grades since July 2006.

I chose the Saint-Gaudens design and the 1908 NoMotto year because of the "No Motto" history (below) and because it is one of the better representative samples of common date Gold Coins sold on eBay.   

THE FOLLOWING 1908 NoMotto COUNTS WILL BE UPDATED MONTHLY BY

GRADE - TOTALS SINCE 07/2006 - AVERAGE MONTHLY TOTALS - MOST RECENT MONTH AVERAGE  PRICE*   

 January 2008 Totals

(Review The Guide for prices through December 2008)

Fine to AU:     316 Total   17 P/MO   $950*

Advertised on eBay "UNC" and MS60:    465 Total    24 P/MO   $993*

Certified MS 62:    190 Total   10 P/MO   $1,059*

Certified MS 63:    423 Total   22 P/MO   $1,146*

Certified MS 64:      336 Total   18 P/MO  $1,267*

   Certified MS 65:       156 Total    8 P/MO  $1,547*   

Certified MS 66:       80 Total     4 P/MO  $2,686*

*Prices are Based on LAST MONTH Average on a minimum of 20 Coins, a 20 Coin Moving Average, or a 10 Coin Moving Average on 10 or fewer Coins sold on eBay Per Month, whichever is most appropriate.    Prices include Estimated Shipping Charges. copyright2007theomaximus

 Please Review my Other Guides

The Golden Bulls

Featuring

A History and a Commentary

On

The Birth of The Bulls

PART I:  1978 Compared to 2005

PART II: 1979 Compared to 2006

PART III: 1980 Compared to 2007

and 

PART IV

 2008 - The Year of Reckoning

 The January 2009 Update is now Available

(Be Careful - The Market may be Heating Up)

 The Golden Bulls, 2009 and Beyond

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just Click

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  The Original December 01, 2006 Commentary Follows:

1907, 1908 and 1908 D 

No Mottos

The Double Eagle with a 100 Year History 

I am projecting the values of this subset will increase significantly through their 100 Year Anniversaries, 2007 and 2008 respectively.  In addition, I am interested in their history.  They are the only Saint-Gaudens issues actually commissioned by the then President Teddy Roosevelt, and the only years in the series without a reference to God.  We will never know TR's real reason for this.  However, it is my understanding that, with many coins spilling over on the brothel and gambling floors of the day, many feel the decision had something to do with the defamation of God, had a motto been struck on the original issues. 

Regardless of the reason, Congress later in 1908 changed the rules of the game for all subsequent issues, beginning with the "Motto" coins minted in late 1908.  As the result of this decision, of the seventy million Saint-Gaudens minted between 1907 and 1933, only 7.6% were minted with No Mottos.  Then, twenty-six years after the first issue, the irony of ironies occured.  In 1933, Franklin Delano Roosevelt, TR's fifth cousin, ordered the confiscation and grand meltdown of all gold bullion coins, in anticipation of the future release of the dollar from the gold standard.  The rest is history.  Nobody knows the count of today's remaining populations, Motto or No Motto. 

We do know only about 2.0% of the seventy million total are certified by the NGC and PCGS coin grading services.  Even more significant, Certified NoMotto Saint-Gaudens is a very small 0.3% subset of the original population, about 232,000 pieces. 

 Beginning July 2006, the prices all Saint-Gaudens NoMottos have been updated monthly.  Thank you for reading my future guides.          thmxs 12/01/2006