Saints on Fire:
Gold and Silver Spurt This Week
No Motto 1908 $20 Saint-Gaudens Gold
Coins Are Pedigreed from the article in
the September 21st, 2001 edition of
CERTIFIED COIN DEALER newsletter
Mint State Gold is one of the current hot issues. The demand
for No Motto and With Motto Saints is tremendous. We see
several large numismatic firms trying to buy these Saints
in quantity. And, they are not shy about posting strong
Bids in order to be successful. Notice the healthy percentage
gains on our top ten Saint Gaudens Type chart over the last
three months. It becomes plainly obvious that quality is
in demand and dealers are willing to pay to get it. The
MS65 and MS66 grades are heavily sought-after. This is certainly
understandable as dealers tell us that their customers are
looking to add quantities of these coins to their portfolios.
Also, the strongest sight-unseen demand is being offered
for No Motto Saints from the Wells Fargo hoard. Dealers
know that these Wells Fargo examples are especially well
struck with nice blazing luster. Also, very few of these
high grade No Motto Saints posses carbon spots. Spots have
become a dirty word among Mint State Gold collector/ investors.
Dealers are willing to pay approximately 10-15 percent more
for Wells Fargo Saints in NGC or PCGS holders for grades
from MS63 thru MS65. They are willing to pay nearly 7 percent
more for MS66 certified examples.
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