What do you do if you’re a non-US Mint employee who is paid $5000 after winning a contest to design the obverse of the 2000-P Sacagawea dollar? You ask for your payment in coins – specifically 2000-P Sacagawea dollars…
This is exactly what designer Glenna Goodacre did when she designed the obverse of this now legendary coin. Goodacre, a well-known New Mexico artist, was among 120 submissions to compete for the design of the obverse of the 2000 Sacagawea dollar. As the winner, she requested that she was paid in “sacks of 2000-P Sacagawea dollars.” The US Mint complied; however, these were no ordinary dollars, they were specially prepared “presentation coins.” The Mint used the opportunity to “award” Goodacre her payment with coins that were “different” than ordinary Sacagawea dollars.
These specially developed coins were burnished after they were struck – they had a high gloss sheen; normal Sacagawea’s did not. They were also treated with an anti-tarnishing agent to help ensure they maintain their luster in the future.
Goodacre Presentation Coins were very well struck, leading to the speculation that the striking pressure was increased for this run of 2000-P Sacagawea dollars, and most interesting, the Goodacre presentation coins were struck on specially polished (aka proof) blanks.
Adding to the interest of Goodacre’s coins was the fact that they were on-sold by the coin’s designer herself – something completely unheard of in the past.
Glenna proved to be as commercial as she was artistic. Once presented with the coins, they were submitted to a third party grading service. She then sold 3000 of the Goodacre presentation coins for $200 each, netting $600,000 for her personal account.
An interesting and somewhat unfortunate side note – Glenna Goodacre received payment for her design in this form because she was not an employee of the US Mint. The designer of the reverse, Thomas D Rogers, was not eligible for payment because he was a US Mint employee.
Stats for the 2000-P Sacagawea Dollar, Goodacre presentation coins
Coin: 2000-P Sacagawea dollar
Mint Location: Philadelphia
Designer Obverse: Glenna Goodacre
Designer Reverse: Thomas D Rogers
Weight: 8.1 grams
Composition, Outer Layer: 77% copper, 12% zinc, 7% manganese, 4% nickel
Core: pure copper
2013 Redbook Value: $450 (MS65)