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Denver Gold and Silver Coins
600 South Holly Street Suite 103
Denver, Colorado 80246
Open
Monday - Thursday from 9 am to 6 pm
Friday and Sunday from 9 am to 4 pm
Call anytime - leave a message: 303-835-8892
Sacagawea dollar (2000–present)
The Sacagawea dollar was authorized by Congress in
1997 because the supply of Anthony dollars, in
inventory since their last mintage in 1981, was soon
expected to be depleted. Delays in ramping up
Sacagawea dollar production led to a final
1999-dated mintage of Susan B. Anthony dollars. As
predicted by Coin Coalition representatives at
Congressional hearings on the United States $1 Coin
Act of 1997, the government's decision not to
eliminate the U.S. one dollar bill prevented the
Sacagawea dollar from being widely circulated. While
dollar coins are used infrequently in general
commerce, they are used in place of tokens in some
areas and are given as change in many United States
Postal Service stamp vending machines, creating a
relatively small but significant demand.
The obverse was designed by artist Glenna Goodacre,
using Shoshone Randy'L He-dow Teton as a model for
Sacagawea.
There are approximately 1 billion Sacagawea coins in
circulation and about 250 million more in reserve.
The United States Mint greatly reduced production of
Sacagawea dollars after the 2001 minting, citing
sufficient inventory. As of 2006, the dollar is
still being minted for collectors, and is available
in uncirculated rolls, mint sets, and proof Sets,
but has not been released for general circulation
since 2001.
The Mint took great care to create the coin with the
same size, weight, and electromagnetic properties as
the Anthony dollar, but with a golden color. Unlike
most other coins in circulation, the selected alloy
has a tendency to tarnish quite severely in
circulation, as is the case with most brasses,
resulting in a loss of the golden "patina"[15].
While some consider the blackening an undesired
quality, the Mint suggests the uneven tarnishing
effect gives the coins an "antique finish" that
"accentuate[s] the profile and add[s] a dimension of
depth to the depiction of Sacagawea and her child".
The coin featured a plain edge through 2008, but
starting in 2009 incused lettering was applied. The
year and mint mark moved from the coin's obverse
(front) to its edge.
As of 2007[update], dollar coins are not widely
encountered in commerce in the United States, except
in vending machines for rides on mass transit, some
pay and display machines, and U.S. Postal Service
stamp vending machines, which give the coins as
change; and at some casinos, where they are used in
slot machines. Most vending machines have been
redesigned, however, to accept dollar coins for
purchase over a quarter-dollar. The Sacagawea dollar
has achieved popularity in Ecuador, where the US
dollar is also the official currency. |