2000 P Sacagawea $1 Goodacre Presentation

eisq222

What do you think about the potential upside for the 2000 P Sacagawea $1 Goodacre Presentation in the IGC holder / PCGS holder????

nwcs

Personally, I think they're a bit overrated. I would not expect them to have a great upside.

braddick

I think they used to be overrated. I imagine where the market is now on them is about right.
What used to cost $800.00 plus can now be had for half that (or less).

It's not so much the COIN it is the story behind it.
-Not unlike that of the '3-legged' Buffalo nickel!

DHeath

I think of them as akin to the 1998 SMS Kennedy. They probably won't appreciate very much in the next 5-10 years, but if you collect the series, you'll want one anyway. If Glenna sells the other 2500 she kept, I'm sure that will affect the market.

supercoin

As to future potential price potential... I don't know, and don't care too much, because I've only got one. If you're buying a bunch on speculation, you're on your own.

As far as collectability, the history of the coin is pretty cool. Imagine a similar story for George Morgan, for example.

If you're looking to buy one... keep in mind they were originally released in ICG holders, ungraded.

Since then, PCGS has started assigning them grades. Since PCGS pretty much corners the market on slabbed high-grade modern dollars, the nicest coins in ICG holders will move to PCGS holders. And, leave behind the not-so-nice ones.

The point being, you want to make sure you get a nice one, so be careful buying an ICG one, especially sight-unseen.

Also look for one with a nice dramatic "wet" look that's the hallmark of these coins.

eisq222

What was the issue price for the 2000 P Sacagawea $1 Goodacre Presentation in the IGC holder and when did they become available????

DHeath

5000 were provided to Glenna, of which approx. 2500 were given to ICG to be slabbed. They were available to collectors for $200 apiece. They quickly moved to $400, and the coins that crossed to PCGS at MS68 were quite expensive. They have since calmed down. I have owned 7 of these coins in ICG holders, but the prettiest one I've ever seen, I sold to Wayne Herndon (fellow board member). Last I heard, he still owned it.

eisq222

Thanks for all the information!!!!!!

DRG

I have seen ICG #'s from the1000 level to the 4600 level so I am resonably sure that all 5,000 coins are on the market.

As for long term I believe that in 20 or 30 years these coins may well be considered unobtainable. With a total population of 5,000, once they find comfortable homes they may stay there for a generation or several.

I think there are a lot more then 5,000 people out there that will decide to put together a complete set of Sac's over the next 5 or 10 years. Once that happens the market will dry up and people will be asking themselves "what was I thinking? I passed on a total Pop coin of 5,000 for $400". How many coins can you think of with Pop's of 5,000. Particularily a US Dollar. There are no such Ike's, or SBA$'s.

The short term will probably continue to be volitile as the supply still exceeds the demand. Once the best coins have all moved to PCGS holders and the grade populations stabalize I think the price will also. Then I see a steady increase to the several thousand per coin level.

I could be wrong only time will tell.