$1.2 Billion Rare Sacagawea & Native American Dollars – Are You Lucky

Sacagawea & Native American Dollars In the palm of your hand, a golden dollar coin catches the light—Sacagawea gazes forward, her infant son strapped to her back. This small piece of metal carries more than monetary value; it holds the weight of American history, Indigenous representation, and numismatic significance that many collectors and everyday Americans have come to cherish. The journey of the Sacagawea dollar and its successor, the Native American dollar series, reveals a complex story about how we choose to commemorate our nation’s history through our currency.

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The Birth of a Golden Dollar

Replacing the Susan B. Anthony Dollar

The story begins in the late 1990s. The Susan B. Anthony dollar, introduced in 1979, had never gained public acceptance. Its similar size and color to the quarter led to confusion, and Americans largely rejected it. By 1998, Treasury reserves of the coin were dwindling, and Congress authorized a new dollar coin with one critical requirement: it needed to be visually distinct from other circulating coins.
The resulting legislation, the United States $1 Coin Act of 1997, mandated a new golden-colored dollar coin. While many thought a president would grace the new coin, the Treasury Department’s Dollar Coin Design Advisory Committee made a bold recommendation: Sacagawea, the young Shoshone woman who served as an interpreter and guide for the Lewis and Clark Expedition from 1804 to 1806.
“We wanted someone who symbolized the spirit of America and its forward-thinking vision,” explained Philip Diehl, former U.S. Mint Director, in a 2018 interview. “Sacagawea represented courage, perseverance, and the essential contributions of women and Native Americans to our nation’s story.”

Glenna Goodacre’s Artistic Vision

The design competition attracted prominent sculptors, but it was Glenna Goodacre’s vision that ultimately won the commission. Her portrayal of Sacagawea carrying her infant son Jean-Baptiste (nicknamed “Pomp”) captured both strength and tenderness. What makes Goodacre’s work particularly remarkable is that no authenticated portraits of Sacagawea exist. She based her design on Randy’L He-dow Teton, a Shoshone woman who served as her model.
When Goodacre received her $5,000 commission payment, she requested it in Sacagawea dollars—all 5,000 of them. The coins were specially burnished by the Mint, creating a unique finish that collectors still seek today.

The Sacagawea Dollar’s Troubled Circulation

Initial Public Reception

On January 27, 2000, First Lady Hillary Clinton and Treasury Secretary Lawrence Summers unveiled the Sacagawea dollar at the White House. The coin featured several innovations: a manganese-brass alloy giving it a distinctive golden color, a wide border, and a smooth edge with edge lettering—all designed to make it instantly distinguishable from other coins.
The initial public reaction seemed promising. General Mills placed the coins in 10 million boxes of Cheerios as part of a promotional campaign. Many of these “Cheerios dollars” had a different eagle tail feather pattern than the final design, making them valuable collectors’ items today—some selling for over $10,000 in pristine condition.
Despite a $40 million advertising campaign and initial enthusiasm, the Sacagawea dollar faced the same fate as its predecessor. By mid-2001, banks reported diminishing demand. Vending machine operators were slow to adapt their equipment, and cashiers rarely offered them as change.
“Americans have consistently demonstrated they prefer paper dollars,” noted coin historian Walter Breen in a 2002 numismatic journal. “The Sacagawea dollar, despite its artistic and symbolic merit, couldn’t overcome that cultural preference.”

Production Decline

By 2002, the Mint had scaled back production dramatically. From 2002 to 2008, Sacagawea dollars were struck primarily for collectors rather than for circulation. Annual mintages dropped from over a billion coins in 2000 to just a few million. These coins were sold at a premium in collector sets, never reaching the cash registers or pockets of everyday Americans.
The situation created an odd paradox: while the coin failed in its primary purpose as circulating currency, it succeeded in raising awareness about Sacagawea and Native American contributions to American history. Schoolchildren learned her story, and Americans became familiar with an important historical figure who had previously been relegated to the sidelines of history textbooks.

The Native American Dollar Series

A New Direction

In 2007, Congress passed the Native American $1 Coin Act, transforming the Sacagawea dollar into something more ambitious. The legislation mandated that while Sacagawea would remain on the obverse (front) of the coin, the reverse (back) would feature annually changing designs celebrating “the important contributions made by Indian tribes and individual Native Americans to the development and history of the United States.”
This created a remarkable numismatic educational program. Beginning in 2009, each year’s coin would highlight different aspects of Native American history and culture:
  • 2009: Three Sisters agriculture (corn, beans, and squash)
  • 2010: The Haudenosaunee (Iroquois) Great Law of Peace
  • 2011: Diplomatic relations through peace treaties
  • 2012: Trade routes in the 17th century
  • 2013: The Delaware Treaty of 1778
  • 2014: Native hospitality ensuring the success of the Lewis and Clark expedition
  • 2015: Mohawk ironworkers who built many of America’s skylines
  • 2016: Native American code talkers in World Wars I and II
  • 2017: Sequoyah and the Cherokee syllabary
  • 2018: Jim Thorpe’s Olympic achievements
  • 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 Commissioner of Indian Affairs
  • 2023: Maria Tallchief, America’s first prima ballerina
  • 2024: Sovereignty and self-governance themes
“Each coin tells a story that might otherwise be overlooked,” commented Herman Viola, curator emeritus of the Smithsonian Institution and a member of the Citizens Coinage Advisory Committee. “These small pieces of art carry big educational value.”

Collectibility and Cultural Significance

While Native American dollars are still legal tender, they’re primarily produced for collectors. The Mint offers them in rolls, bags, and proof sets, typically selling them at a premium above face value. Circulation strikes are theoretically available at banks, but in practice, they rarely enter everyday commerce.
What makes these coins particularly valuable to collectors is their relatively low mintage. Most years see production of fewer than 5 million coins—a tiny number compared to the billions of cents, nickels, dimes, and quarters produced annually. This scarcity, combined with the educational and cultural significance of the designs, has made the series popular among numismatists.
The coins have also served as teaching tools for educators discussing Native American history. Many tribal museums display the coins alongside explanations of the historical events they commemorate, creating tangible connections to complex historical narratives.

Collecting Sacagawea and Native American Dollars

Key Dates and Varieties

For collectors, certain dates and varieties stand out:
  1. 2000-P “Cheerios Dollar” – The coin included in Cheerios boxes had a different reverse design with enhanced tail feathers on the eagle. Only about 5,500 are believed to exist.
  2. 2000-P Presentation Strike – Given to Glenna Goodacre as payment for her design, these 5,000 coins have a special burnished finish.
  3. 2008-D – The final year of the original Sacagawea design had the lowest mintage at just 1.82 million.
  4. Proof Coins – Each year, the San Francisco Mint produces proof versions with mirror-like fields and frosted designs.
  5. Position A and B Coins (2009-2010) – In these years, edge lettering appeared in two positions, creating collectible varieties.

Market Values and Investment Potential

Most circulation-strike Sacagawea and Native American dollars trade for face value to a few dollars, depending on condition. However, certain varieties command significant premiums:
  • Cheerios dollars can sell for $5,000-$25,000 depending on condition
  • Proof specimens typically sell for $3-$20
  • Complete collections in high grades can fetch premium prices from specialty collectors
“These coins represent a niche collecting area with room for growth,” notes John Albanese, founder of Numismatic Consumer Alliance. “As more Americans discover the artistic and historical significance of the series, demand could increase.”

Historical Impact and Cultural Significance

Educational Value

Perhaps the greatest success of these coins lies not in circulation but in education. Through these small golden discs, Americans learn about:
  • Native American contributions to agriculture
  • Indigenous governance systems that influenced the U.S. Constitution
  • Native American military service throughout American history
  • Technological and cultural innovations by Indigenous peoples
“Currency serves as tiny history lessons in our pockets,” explains Kevin Gover, former director of the National Museum of the American Indian. “These coins challenge simplified narratives about Native peoples and highlight their ongoing contributions to American life.”

Representation Matters

The Sacagawea dollar represented a significant milestone—the first circulation U.S. coin to feature a woman of color. This representation matters deeply, particularly for Native American communities whose histories have often been marginalized or simplified in mainstream education.
“Seeing Sacagawea on a coin tells Native children that their heroes belong on national symbols too,” says Janine Pease, founding president of Little Big Horn College and a member of the original design advisory committee. “It acknowledges that Native women’s contributions are central to America’s story.”

The Future of Dollar Coins

The American Innovation dollar series, launched in 2018, represents the newest dollar coin program, but like its predecessors, these coins rarely circulate. The future of dollar coins in America remains uncertain. Several proposed bills have advocated eliminating paper dollar bills to force coin circulation, citing potential savings of hundreds of millions in production costs annually.
However, Americans’ preference for paper currency persists. Until that cultural preference shifts, dollar coins like the Sacagawea and Native American series will likely remain primarily within the realm of collectors and numismatic education rather than everyday commerce.
What remains undisputed is the artistic and historical value of these golden dollars. Whether jangling in a collector’s showcase or tucked away in a bank vault, they represent America’s halting but important steps toward acknowledging the fullness of its history and the diversity of those who shaped it. Through these small metallic discs, the legacy of Sacagawea and countless other Native Americans continues to shine.

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