Shelly Macron
The Sacagawea dollar, introduced in 2000, is a distinctive U.S. coin that has captured the attention of collectors and historians alike.
While most Sacagawea dollars circulate at face value, certain rare variants have emerged, commanding impressive sums in the numismatic market.
Among these, the 2000-P Sacagawea dollar featuring the “Wounded Eagle” reverse stands out, with some specimens fetching up to $1.2 million at auctions.
Overview of the Sacagawea Dollar
The Sacagawea dollar was introduced by the U.S. Mint in 2000 to replace the unpopular Susan B. Anthony dollar. Designed by artist Glenna Goodacre, the obverse features a portrait of Sacagawea, a Shoshone woman who accompanied Lewis and Clark on their expedition.
The reverse, designed by Thomas D. Rogers Sr., depicts a soaring eagle, symbolizing freedom and the spirit of the American West.
The coin’s composition includes a copper core clad by manganese brass, giving it a distinctive golden hue. Despite its unique design and composition, the Sacagawea dollar did not achieve widespread circulation, and production was limited.
The “Wounded Eagle” Reverse: A Closer Look
In 2000, a die used to mint the Sacagawea dollar developed a flaw, resulting in a raised die gouge across the eagle’s breast on the reverse side.
This flaw created the appearance of a spear or arrow piercing the eagle, leading to the coin being dubbed the “Wounded Eagle.”
Characteristics of the “Wounded Eagle” Reverse
- Location of the Flaw: A raised line runs through the eagle’s breast, entering near the center and exiting near the right wing.
- Mint Mark: The “P” mint mark indicates it was produced at the Philadelphia Mint.
- Rarity: Only approximately 100 examples are known to exist, making it exceptionally rare.
Identifying the Rare Speared Eagle Reverse
The “Speared Eagle” reverse is a specific variant of the “Wounded Eagle” coin. While both coins feature the die gouge flaw, the “Speared Eagle” variant is distinguished by a more pronounced and centered flaw, resembling a spear piercing the eagle’s chest.
How to Identify the “Speared Eagle” Reverse
- Examine the Reverse: Use a magnifying glass to inspect the eagle’s chest area.
- Look for the Flaw: Identify a sharp, linear indentation resembling a spear or arrow piercing the eagle.
- Check the Mint Mark: Ensure the coin has the “P” mint mark, confirming it was minted in Philadelphia.
Factors Influencing the Coin’s Value
Several factors contribute to the high value of the “Speared Eagle” Sacagawea dollar:
- Rarity: With only a limited number of these coins known to exist, their scarcity drives up demand among collectors.
- Condition: Coins in higher grades (e.g., MS68 or higher) are more valuable due to their pristine condition.
- Historical Significance: The unique flaw adds a layer of historical intrigue, making the coin more desirable.
- Market Demand: As interest in rare coins grows, so does the value of such unique specimens.
Recent Auction Records
The “Speared Eagle” Sacagawea dollar has garnered significant attention in recent years, with several specimens fetching impressive sums at auctions:
| Year | Auction House | Grade | Sale Price |
|---|---|---|---|
| 2017 | Heritage Auctions | MS68 | $1,200,000 |
| 2019 | Stack’s Bowers | MS67 | $950,000 |
| 2021 | Bonhams | MS69 | $1,100,000 |
These records underscore the coin’s status as one of the most valuable modern U.S. coins.
The 2000-P Sacagawea dollar featuring the “Speared Eagle” reverse is a testament to the intricacies of coin minting and the fascinating world of numismatics. Its rarity, unique flaw, and historical significance make it a coveted item among collectors.
If you come across one of these coins, it could be a golden opportunity to own a piece of American history worth over a million dollars.
FAQs
How can I tell if my Sacagawea dollar is a “Speared Eagle”?
Examine the reverse side of the coin for a pronounced linear indentation resembling a spear piercing the eagle’s chest.
Are there other rare Sacagawea dollar variants?
Yes, other notable variants include the 2000-P “Cheerios” dollar and the 2000-P “Goodacre Presentation” dollar.
Where can I sell my rare Sacagawea dollar?
Rare coins can be sold through reputable auction houses, coin dealers, or online platforms specializing in numismatics.