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Does the 1908 No Motto St. Gaudens's Price Mostly Depend on Gold?
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<p>[QUOTE="raider34, post: 671556, member: 16402"]Depends on the grade. Imo the key date, high grade coins would hold in price. As for the 08 No motto, it is a common date $20, so most of it's price is based on the price of gold, though it does hold a small premium over the base gold price. </p><p> </p><p> So if gold was to drop, Imo so would the price of the 08 $20, but it would still hold a premium over the base gold price.</p><p><br /></p><p>I went back just to check, as an example:</p><p><br /></p><p>In Feb 2001 gold was around $300 an ounce <a href="http://www.kitco.com/charts/popup/au3650nyb.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitco.com/charts/popup/au3650nyb.html" rel="nofollow">Gold Chart - Last 10 years</a></p><p>In Feb 2001 a 1908 No Motto sold for $460 <a href="http://coins.ha.com/common/view_item.php?Sale_No=248&Lot_No=7334" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/common/view_item.php?Sale_No=248&Lot_No=7334" rel="nofollow">1908 $20 NO MOTTO</a></p><p><br /></p><p>Now I know it's just 1 example but, from looking at past auctions on Heritage, the price of the common $20 seem to mirror the price of gold, plus a small premium.[/QUOTE]</p><p><br /></p>
[QUOTE="raider34, post: 671556, member: 16402"]Depends on the grade. Imo the key date, high grade coins would hold in price. As for the 08 No motto, it is a common date $20, so most of it's price is based on the price of gold, though it does hold a small premium over the base gold price. So if gold was to drop, Imo so would the price of the 08 $20, but it would still hold a premium over the base gold price. I went back just to check, as an example: In Feb 2001 gold was around $300 an ounce [URL="http://www.kitco.com/charts/popup/au3650nyb.html"]Gold Chart - Last 10 years[/URL] In Feb 2001 a 1908 No Motto sold for $460 [URL="http://coins.ha.com/common/view_item.php?Sale_No=248&Lot_No=7334"]1908 $20 NO MOTTO[/URL] Now I know it's just 1 example but, from looking at past auctions on Heritage, the price of the common $20 seem to mirror the price of gold, plus a small premium.[/QUOTE]
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