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 Replies: 21 / Views: 5,028 |
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Valued Member
United States
361 Posts |
The more I read about Sacagawea dollars, the more I feel the need to collect them...I think I feel that way about every coin I read about. I'm looking for opinions on Goodacre's presentation coin. I feel it's a sleeper and has tons of potential for growth. Low Mintage 5000 Special Strike Current price is not ludicrous. I feel these attributes make it a coin with future growth value. By growth value I mean stupid growth like 3-4x it's current value. Lets say $500 currently for this piece in an original ICG holder (thats what I'm looking at). Does anyone one else feel that way? There are a lot of other coins I can purchase with $500.00. I would love to hear your thoughts on this coin and it's "pitfalls and potentials" Thank you |
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Valued Member
United States
75 Posts |
I have also looked into getting one. I have a low budget, so I haven't YET forked out the money for one. My personal recommendation is to stick with the ICG holder like you said. I don't understand why people get them reholdered. Because every single one of them was grade by ICG, it kind of makes them more "original".
I mean, you can always switch to PCGS later on, but in ICG it has the nice edition number and what-not.
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Bedrock of the Community
 United States
12813 Posts |
I had to research this to find out what a "Goodacre presentation" Sacagawea is. Definitely one of the more interesting backgrounds of any modern coin out there and with a mintage of 5,000, that's gotta be a key for the series. I read in one post that they applied a special antioxidant finish after a 2nd burnishing. Is that true?
Edited by CelticKnot
03/10/2015 01:11 am
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Valued Member
United States
75 Posts |
http://www.smalldollars.com/dollar/page24.htmlI apologize in advance if I posted link incorrectly (if you know how to, I would be happy to change it, and do it correctly in future) CelticKnot, you are correct about the antioxidant finish. It's quite interesting how differently they made them. So for 2000, we've got these, AND we've got the cheerios sacagaweah and the business strikes/usual editions. Quite the stories to go along with them both.
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Pillar of the Community
United States
1795 Posts |
@One50 I agree with you 100% I do feel that way and I feel the same way about the Cherrio's dollar too. I should buy it cause the price is not too out of line but I've been spending my Coin Budget on my commemorative registry set that I have with NGC.
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Pillar of the Community
United States
1071 Posts |
The ICG holder will hurt it. Goodacre was offered the chance originally to holder them with PCGS, but hesitated to do so. Instead, she got a lesser deal with ICG and the coins have suffered in the marketplace because of that. ICG doesn't carry much "currency" as a TPG. 5,000 mostly gem and superb gems seems like a paltry sum- but it's quite a handful. More than the likely number of collectors actively pursuing certified sets (check PCGS and NGC Registries). If you are into the coin for its fun and history, you'll do ok. Don't expect crazy profits from modern coin investments. |
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Moderator
 United States
23522 Posts |
The supply part of the equation here is met, but the demand side isn't. I'd hold every one of these I could find, anyway. The ingredients are there because the coin has both provenance and special strike. It may take 50 years but the long term looks good for them.
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Valued Member
United States
75 Posts |
I agree with SsuperDdave. In the ICG holders, they are still safer from environment, scratches, etc. You can always reholder in PCGS, but you can never put them back in the original ICG's. I know PCGS is worth more now, but I think you'd be better off keeping it as original as possible. I think in the long term, they will be more appreciated.
I guess it just depends on your collecting style.
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Pillar of the Community
United States
6130 Posts |
I wouldn't buy one, personally. Not only is demand low, but Goodacre still has nearly *half* of the total mintage. She is not immortal, and those coins will end up in an estate whose owners may or may not see the point in keeping coins 2-2003 and decide to liquidate. That will not be a happy day for anyone who has already invested in these coins.
It's an interesting variety to be sure, and very clever of Ms. Goodacre to request her compensation in these coins--she certainly made much more than her $5k award!
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Valued Member
 United States
361 Posts |
Finn23, that's a great point. Currently the market for these in IGC holders is around $500 - $600.
If the Market were to be flooded by "half" the population, that could lower things a bit.
That's a good angle.
The smart seller would simply add to the market slowly as not to arouse awareness.
She is immortal and so are the coins...They could end up as a pile of ash or on the bottom of a lake, my favorite...stolen and removed from the slabs and put in circulation.
But in the end, 5k mintage and unique...I think it has promise.
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Pillar of the Community
United States
4588 Posts |
Bumping this - because I lucked into one of the 2K reholdered by PCGS with the insert signed by Director Deihl yesterday at a show. So I was wondering if the prices have held up - I see sales on ebay of 366-400$ ?!? -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
6130 Posts |
That sounds about right to me. Coins like these are fickle beasts--they are rare, but there are about as many interested collectors as there are pieces on the market. $300 sounds like a fair minimum, up to maybe $500. As stated before, Goodacre's personal stash will eventually hit the market, and prices will crash. It's a game of chicken with supply and demand.
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Pillar of the Community
United States
4588 Posts |
At least part of her stash has hit the market, this is one of them. The small dollar article was updated to indicate that her 2200 coins were purchased and reslabbed in these PCGS holders with director Diehl's signature.
-----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Pillar of the Community
United States
6130 Posts |
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Pillar of the Community
United States
1913 Posts |
Quote:The ICG holder will hurt it. Goodacre was offered the chance originally to holder them with PCGS, but hesitated to do so. Instead, she got a lesser deal with ICG and the coins have suffered in the marketplace because of that. ICG doesn't carry much "currency" as a TPG. Anyone who would not buy one of these because of the IGC holder is either ignorant of the coin and/or it's history. IGC didn't grade the coins. They simply authenticated them. They received them originally, so they're the best source for this particular coin as far as I'm concerned. Quote:
5,000 mostly gem and superb gems seems like a paltry sum- but it's quite a handful. More than the likely number of collectors actively pursuing certified sets (check PCGS and NGC Registries). Most collectors (like me) don't pursue certified sets, but still need this coin for their collection. Compare the mintage of these versus the recent Presidential reverse proofs. These are also distinctly minted coins with much lower mintages. I think the primary reason they're not valued as much as you'd think they would be is they're just relatively unknown and are not promoted. They're left out of some value guides. They just get overlooked by people putting together "complete" collections. If you think the 2000-D Sacagawea dollar from the Millennium Set is part of the series, then this 2000-P has to be as well because they were minted in the same manner. Quote:
If you are into the coin for its fun and history, you'll do ok. Don't expect crazy profits from modern coin investments. Fully agree! |
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Valued Member
United States
361 Posts |
Well, it's been about a year since I started looking. I finally have one.  I picked this up on epay for what I feel was a real reasonable price. The scratches are on the holder, not the coin. The foggy looking areas are background through the holder. Very nice coin. Great seller. The only real detraction on the coin is the eagle chest has a depression on it. I'm super happy and love it, enjoying every second of it. I love telling people the history of the coin and the holder. NOW, here's a cool thing to look at. PCGS has graded 2662 coins to date. NGC has graded 221 to date. That means that 2883 of these coins are no longer in the original ICG holder. I say...keep cracking them out of the holder guys...it only makes mine that much cooler :) Thanks Dan   |
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Replies: 21 / Views: 5,028 |
Posted 03/10/2015 12:56 am
