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The $1.2 Million Sacagawea Dollar: How a Coin Mistaken for a Token Became a Fortune

Imagine finding a dollar coin in your pocket change that’s worth over a million bucks. Sounds like a dream, right? The Sacagawea Dollar, often overlooked as a mere token, has turned into a numismatic treasure for some lucky collectors. In this post, we’ll uncover the story behind this golden coin, its rare variants, and why it’s a must-know for coin enthusiasts. Stick around to learn how a simple dollar became a fortune!

What Is the Sacagawea Dollar?

The Sacagawea Dollar is a U.S. coin introduced in 2000 to honor Sacagawea, the Shoshone woman who guided the Lewis and Clark Expedition. Known as the “Golden Dollar” for its manganese-brass cladding, it was meant to replace the unpopular Susan B. Anthony dollar. Its design, featuring Sacagawea and her son, is both beautiful and historic.

The History of the Sacagawea Dollar

In the late 1990s, the U.S. Mint sought a fresh dollar coin. After rejecting designs like the Susan B. Anthony, they chose Sacagawea to symbolize Native American contributions. Sculptor Glenna Goodacre crafted the obverse, showing Sacagawea with her infant. The reverse, designed by Thomas D. Rogers Sr., features a soaring eagle.

Minted in Philadelphia, Denver, and San Francisco, the coin faced challenges. Many mistook it for a quarter due to its size and color, limiting circulation. However, rare variants like the 2000-P “Cheerios Dollar” and mint errors skyrocketed its value among collectors.

Why the Sacagawea Dollar Is Valuable Today

The Sacagawea Dollar’s value lies in its rarity and errors. Most circulated coins are worth $1, but specific variants fetch thousands—or even millions. The 2000-P Washington Quarter Mule, a rare error with a quarter obverse and Sacagawea reverse, sold for $1.2 million in 2022. Only 18 such coins are known, making them numismatic unicorns.

Other valuable variants include the “Cheerios Dollar” (with enhanced tail feathers) and the “Wounded Eagle” (featuring a die gouge). High-grade coins, especially those graded MS67 or higher by PCGS or NGC, also command premiums due to their pristine condition.

Sacagawea Dollar VariantYearEstimated ValueRarity
2000-P Washington Mule2000Up to $1.2M18 known
2000-P Cheerios Dollar2000$2,500–$5,000~5,500
2000-P Wounded Eagle2000$1,000+~1,000
2000-P Goodacre Finish2000$250–$1,0005,000

How to Start Collecting Sacagawea Dollars

Ready to hunt for rare Sacagawea Dollars? Start by checking pocket change or coin rolls from banks. Focus on key dates like 2000 and look for mint marks (P, D, or S). Join numismatic forums or local coin clubs to learn from experts. Always buy from reputable dealers to avoid fakes.

Preserve coins in protective holders and avoid cleaning them, as this can ruin their value. Consider getting coins graded by PCGS or NGC for authenticity and value assessment. Building a collection can be a fun, rewarding hobby that connects you to American history.

Notable Sacagawea Dollar Records

The Sacagawea Dollar has made headlines in the numismatic world. Here are some standout records:

RecordDetailsSource
Highest Auction Sale$1.2M for 2000-P Washington Mule (2022)
Cheerios Dollar Sale$29,900 for MS68 PCGS specimen (2008)
Known Wounded Eagle PopulationFewer than 1,000 coins in all grades
Millennium Set Mintage75,000 coins, scarce and collectible

These records highlight why collectors chase these coins—they’re rare and valuable!

Expert Tips for Sacagawea Coin Collectors

  • Check Tail Feathers: Look for the “Cheerios Dollar” with enhanced feather details.
  • Inspect Edges: 2007 coins with missing or inverted edge lettering are valuable.
  • Focus on Condition: High-grade coins (MS65+) fetch higher prices.
  • Research Auctions: Track sales on Heritage Auctions or Stack’s Bowers for market trends.
  • Store Safely: Use acid-free holders to protect coin surfaces.

These tips can help you spot valuable Sacagawea Dollars and build a stellar collection.

FAQs

Q: Are all Sacagawea Dollars valuable?

A: Most are worth $1, but rare errors like the Washington Mule or Cheerios Dollar can be worth thousands or more.

Q: How do I identify a Cheerios Dollar?

A: Look for enhanced tail feather details on the eagle’s reverse, unique to the 2000-P promotion.

Q: Where can I sell my Sacagawea Dollars?

A: Try reputable dealers, auction houses like Heritage, or online platforms like eBay, but ensure grading for high-value coins.

Q: Are Sacagawea Dollars still minted?

A: No, they stopped in 2008 for circulation but continue in the Native American series for collectors.

Conclusion

The Sacagawea Dollar is more than a coin—it’s a piece of history with hidden treasures waiting to be found. From the $1.2 million Washington Mule to the rare Cheerios Dollar, these coins captivate collectors with their stories and value. Start your numismatic journey today: check your change, join a coin club, or explore auctions. Who knows? Your next dollar could be a fortune! Share this post with fellow collectors or dive into more numismatic adventures on our blog.

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