$1.2 Billion Worth of Rare Sacagawea & Native American Dollars – Do You Have One?

Sacagawea & Native American Dollars In the palm of your hand, a golden dollar coin glints in the light Sacagawea looks ahead, her infant son tied to her back. This tiny bit of metal holds more than financial value; it holds the significance of American history, Native representation, and numismatic value that many collectors and ordinary Americans have grown to appreciate.

The history of the Sacagawea dollar and its replacement, the Native American dollar series, is a tale of many complications regarding how we decide to honor our country’s history with our money.

The Birth of a Golden Dollar

Replacing the Susan B. Anthony Dollar

The tale starts in the late 1990s. The Susan B. Anthony dollar, which was introduced in 1979, never caught on with the public. Its resemblance in size and color to the quarter caused confusion, and Americans pretty much shunned it.

In 1998, Treasury stocks of the coin were running low, and Congress approved a new dollar coin with one key stipulation: it had to be visually different from other coins in circulation. The resulting law, the United States $1 Coin Act of 1997, required a new golden-hued dollar coin.

Although most assumed a president would adorn the new coin, the Treasury Department’s Dollar Coin Design Advisory Committee took a bold step: Sacagawea, the young Shoshone woman who acted as an interpreter and guide for the Lewis and Clark Expedition from 1804 to 1806.

“We needed somebody who represented the American spirit and its vision-forward approach,” said Philip Diehl, former director of the U.S. Mint, in an interview in 2018. “Sacagawea was a symbol of courage, tenacity, and the critical contributions of women and Native Americans to our country’s history.”

Glenna Goodacre’s Artistic Vision

The competition for design drew well-known sculptors, but Glenna Goodacre’s vision won the commission. Her depiction of Sacagawea holding infant son Jean-Baptiste (nicknamed “Pomp”) embodied both strength and vulnerability. The reason Goodacre’s work is so notable is that no authenticated images of Sacagawea have been found.

She used Randy’L He-dow Teton, a Shoshone woman who modeled for her, as the basis for her design. When Goodacre was paid her $5,000 commission, she asked for it in Sacagawea dollars—every last one of them. The coins were burnished specially by the mint, resulting in a special finish that collectors continue to seek out today.

The Sacagawea Dollar’s Troubled Circulation

Initial Public Reception

First Lady Hillary Clinton and Secretary of the Treasury Lawrence Summers at the White House on January 27, 2000, revealed the Sacagawea dollar. Several innovations were implemented on the coin: a golden-colored manganese-brass alloy, a broad rim, and edge lettering over a smooth rim all intended to make it instantly recognizable from any other coin.

The public response at first seemed positive. General Mills inserted the coins in 10 million boxes of Cheerios as part of a promotion. Most of these “Cheerios dollars” featured a different eagle tail feather design than the one used on the final coin, so they are now valuable collector’s items some selling for more than $10,000 in mint condition.

With a $40 million marketing campaign and initial popularity, the Sacagawea dollar met the same demise as the previous one. Banks reported slowing demand by mid-2001. Vending machine operators took their time adjusting their machines, and cashiers hardly dispensed them as change.

“Americans have always shown they favor paper dollars,” commented coin historian Walter Breen in a 2002 numismatic journal. “The Sacagawea dollar, with its aesthetic and symbolic appeal, couldn’t overcome that cultural inclination.”

Production Decline

By 2002, production at the Mint had been significantly reduced. From 2002 through 2008, Sacagawea dollars were minted mostly for collectors, not for circulation. Mintages each year fell from more than a billion coins in 2000 to a few million. They were sold in premium collector sets, never hitting the cash registers or pockets of ordinary Americans.

The coins created a peculiar paradox: whereas the coin had been unsuccessful as circulating currency, it was a success in increasing the visibility of Sacagawea and of Native American contributions to American history. Schoolchildren came to know her story, and Americans got to know a significant historical figure who had previously been pushed onto the periphery of history textbooks.

The Native American Dollar Series

A New Direction

Then, in 2007, Congress approved the Native American $1 Coin Act, which reimagined the Sacagawea dollar as something grander. Under the law, although Sacagawea would continue to appear on the obverse (front) of the coin, the reverse (back) would have designs that rotated yearly, honoring “the significant contributions made by Indian tribes and individual Native Americans to the history and development of the United States.”

This provided a wonderful numismatic educational program. Starting in 2009, every year’s coin would emphasize various aspects of Native American history and culture:

  • 2009: Three Sisters farming (corn, beans, and squash)
  • 2010: The Haudenosaunee (Iroquois) Great Law of Peace
  • 2011: Diplomatic relations via peace treaties
  • 2012: Trade paths during the 17th century
  • 2013: The Delaware Treaty of 1778
  • 2014: Native hospitality that guaranteed the success of the Lewis and Clark expedition
  • 2015: Mohawk ironworkers who constructed many of America’s skylines
  • 2016: Native American World War I and II code talkers
  • 2017: Sequoyah and the Cherokee syllabary
  • 2018: Olympic accomplishments of Jim Thorpe
  • 2019: Native Americans in the space program
  • 2020: Elizabeth Peratrovich and Alaska’s Anti-Discrimination Law
  • 2021: Native American military service
  • 2022: Ely S. Parker, Civil War general and Indian Affairs Commissioner
  • 2023: Maria Tallchief, America’s first prima ballerina
  • 2024: Sovereignty and self-governance themes
  • “Every coin has a story to tell that may otherwise go untold,” said Herman Viola, former curator of the Smithsonian Institution and Citizens Coinage Advisory Committee member. “These tiny works of art have high educational value.”

Collectibility and Cultural Significance

Although Native American dollars remain legal tender, they’re now mainly manufactured as collectibles. The Mint sells them in rolls, bags, and proof sets at a premium over face value. Circulation strikes should theoretically be obtainable from banks, but in reality, they don’t often find their way into routine commerce.

What makes them especially valuable to collectors is that they have relatively low mintage. Production totals in most years are less than 5 million coins a paltry amount in comparison to the billions of cents, nickels, dimes, and quarters made each year.

This shortage, added to the educational and cultural value of the designs, has made the series a favorite among numismatists. The coins have also been used as educational tools by teachers teaching about Native American history. Tribal museums have used the coins, in conjunction with descriptions of the historical events being remembered, to provide tangible connections to extended historical stories.

Collecting Sacagawea and Native American Dollars

Key Dates and Varieties

For collectors, the following dates and varieties are the most notable:

  1. 2000-P “Cheerios Dollar”—The” dollar coin packaged with Cheerios had a reverse design different from the others with more prominent tail feathers on the eagle. It is estimated that only around 5,500 exist.
  2. 2000-P Presentation Strike— Awarded to designer Glenna Goodacre as payment for her work, these 5,000 coins have a distinctive burnished finish.
  3. 2008-D—The last year of the original Sacagawea design was the lowest mintage at a mere 1.82 million.
  4. Proof Coins—The San Francisco Mint strikes proof versions every year with mirror-like fields and frosted designs.
  5. Position A and B Coins (2009-2010) – During these years, edge lettering was in two positions, yielding collectible varieties.

Market Values and Investment Potential

The majority of circulation-strike Sacagawea and Native American dollars sell for face value to a few dollars based on condition. However, some varieties fetch substantial premiums:

  • Cheerios dollars bring $5,000-$25,000 based on condition.
  • Proof specimens command $3-$20
  • Whole collections of high grades have the potential to reach top dollar among specialty collectors.

“These coins form a niche collector field with space to grow,” explains John Albanese, chairman of Numismatic Consumer Alliance. “As the art and historical aspects of the series become increasingly understood by Americans, demand has the potential to soar.”

Historical Impact and Cultural Significance

Educational Value

Maybe the most significant achievement of these coins is not in circulation but in education. Americans learn about:

  • Native American agricultural contributions
  • Indigenous systems of governance that shaped the U.S. Constitution
  • Native American military service throughout American history
  • Technological and cultural innovations by Indigenous peoples

“Currency is small history lessons in our pockets,” says Kevin Government, former head of the National Museum of the American Indian. “These coins push back against simplistic stories about Native peoples and celebrate their continuing contributions to American life.”

Representation Matters

The Sacagawea dollar was an important milestone a coin marking the first time a woman of color has ever appeared on U.S. circulation currency. This symbol is important, especially to Native American communities whose stories have been dismissed or reduced to oversimplification in the school curriculum.

“Having Sacagawea on a coin says to Native kids that their heroes are deserving of being on national symbols as well,” says Janine Pease, founding president of Little Big Horn College and a member of the original design advisory committee. “It recognizes that Native women’s contributions are integral to America’s history.”

The Future of Dollar Coins

The American Innovation dollar series, introduced in 2018, is the latest dollar coin program; yet again, these coins hardly see the light of circulation. The prospects for dollar coins in America continue to be unknown. A couple of bills in Congress have put forward eliminating paper dollar bills so as to encourage coin circulation, as it would allegedly save hundreds of millions of dollars in production annually.

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Nevertheless, Americans favor paper currency. As long as the cultural penchant is that way, dollar coins such as the Sacagawea and Native American series will most likely remain more in the sphere of collectors and numismatic awareness than part of day-to-day commerce.

What is not up for dispute is the historical and artistic worth of these golden dollars. Whether clinking in a collector’s exhibit or stored in a bank vault, they are reminders of America’s gradual but significant progress toward embracing the complexity of its past and the diversity of the people who created it. Thanks to these small metal coins, the legacy of Sacagawea and innumerable other Native Americans shines through.

FAQs:-

What makes Sacagawea & Native American Dollars so valuable?

Some rare editions have minting errors or low circulation, making them highly sought after by collectors.

How can I identify a rare Sacagawea or Native American Dollar?

Look for minting errors, unique markings, and low-mintage years, as these increase the coin’s value.

What are some of the rarest Sacagawea Dollars?

The 2000-P Cheerios Dollar and some experimental alloy versions are among the rarest.

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