EXHIBIT 31.2

CERTIFICATION PURSUANT TO
SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002

I, David Frankel, certify
that:

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|1. | I have reviewed this
  quarterly report on Form 10-Q for the period ended June 30, 2009 of Daxor
  Corporation (the registrant);                                                                                                                                                                                                                
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|2. | Based on my knowledge,
  this report does not contain any untrue statement of a material fact or omit
  to state a material fact  necessary to
  make the statements made, in light of the circumstances under which  such statements were made, not  misleading with respect to the
period
  covered by this report;                           
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|3. | Based on my knowledge, the
  financial statements, and other financial information included in this
  report, fairly present in all material respects the financial condition,
  results of operations and cash flows of the registrant as of, and for,  the periods presented in this report;                                                  
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|4. | The registrants other
  certifying officer and I are responsible for establishing and maintaining
  disclosure controls and  procedures
  (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e) and internal
  control over financial reporting  (as
  defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and
  have:
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|   | (a)                                                                                                                                                                                                                                                                                                                                              | Designed such disclosure
  controls and procedures, or caused such disclosure controls and procedures to
  be designed  under our supervision, to
  ensure that material information relating to the registrant, including its
  consolidated  subsidiaries, is made
  known to us by others within those entities, particularly during the period
  in which this  quarterly report is
  being prepared;
|   |                                                                                                                                                                                                                                                                                                                                                  |                                                                                                                                                                                                                                                                                                                                                                                                          
|   | (b)                                                                                                                                                                                                                                                                                                                                              | Designed such internal
  control over financial reporting, or caused such internal control over
  financial reporting to  be designed
  under our supervision, to provide reasonable assurance regarding the
  reliability of financial reporting
  and the preparation of financial statements for external purposes in
  accordance with generally accepted accounting principles;                     
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|   | (c)                                                                                                                                                                                                                                                                                                                                              | Evaluated the
  effectiveness of the registrants disclosure controls and procedures and  presented in this report our  conclusions about the
effectiveness of the
  disclosure controls and procedures, as of the end of the period covered by
  this report based on such evaluation; and                                                                                                              
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|   | (d)                                                                                                                                                                                                                                                                                                                                              | Disclosed in this report
  any change in the registrants internal control over financial reporting that
  occurred during  the registrants most
  recent fiscal quarter  that has
  materially affected, or is reasonably likely to materially affect, the  registrants internal control over
  financial reporting; and                                                                              
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|5. | The registrants other
  certifying officer and I have disclosed, based on our most recent evaluation
  of internal control over  financial
  reporting, to the registrants auditors and the audit committee of the
  registrants Board of Directors (or persons performing the equivalent
  functions):                                      
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|   | (a)                                                                                                                                                                                                                                                                                                                                              | All significant
  deficiencies and material weaknesses in the design or operation of internal
  control over financial  reporting
  which are reasonably likely to adversely affect the registrants ability to
  record, process, summarize  and report
  financial information; and                                                                                                                    
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|   | (b)                                                                                                                                                                                                                                                                                                                                              | Any fraud, whether or not
  material, that involves management or other employees who have a significant
  role in the  registrants internal
  control over financial reporting.                                                                                                                                                                                                                        

Date: August 11, 2009

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| | ------------------------------
| | /s/ David Frankel             
| |                               
| |                               
| | David Frankel                 
| | Chief Financial Officer       
| | Principal Financial
  Officer 
| | Principal Accounting
  Officer

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