Does anyone know the story behind this? For those of you who don't, Glenna Goodacre who design the obverse of the Sac dollar. For her commission, she was $5000 design fee for her work. I believe this is or was the standard fee for artists designing for the mint. Anyway, she was given a choice between taking the $5000 in cash payment or on the advice of a friend, take the $5000 worth in the newly minted Sacaweagea dollars. But these Sacs weren't going to be your everyday Sacs. These would be specially prepared burnished planchets that would be struck from fresh dies. Also, the final product would be treated with an anti-oxidant agent. Cool. Huh? Each coin was stamped with terrific detail and had a wonderful golden color to it. Then the Tebo Coin Company, on behalf of Ms. Goodacre negotiated with ICG to have these 5000 coins encapsualated and labed as the Goodacre presentation coins and number from 1 thru 5000. So out of the original 5000 made, half would be made available to the public while the other half would be maintained by the Goodacre family. So to date, only 2500 of these coins have been made available for purchase. Thus creating a demand vs. supply scenario which resulted in immediately high sales prices of these coins. Then to top things off, the original slabs by ICG did not have a grade assigned to them, so many of the coins found themselves heading over to PCGS and NGC to be cracked out and resubmitted. This is what you are seeing below. I have been very fortunate as of lately as I was successfully able to acquire two of these coins. In recent years, the prices for these coins has been somewhat unattainable, but within the past few months, the prices of these have stalled and have allowed someone as myself to be able to purchase one of these, let alone two. The coin looks like a highly polished proof and was hard to photograph. It has a deep rich golden color to it that is much different from the ones found in the proof sets. I know these are not for everyone, but I would like to share my new purchase with the group. Sorry gang... no Morgans or gold pieces here, but something as impressive. Thanks for looking.
Wow, great history and fabulous coin...you're a lucky man to be fortunate enough to own 2 of the 2500 in public existence. -LTB
Joe, What a great acquisition for your collection. I've always wanted one of these unique coins but thought they might be out of my range. But YOU bought 2 of them. You must have put some time and effort to locate these rare coins. If you don't mind me asking, What did you pay for them? Bruce
Thanks guys for the compliments. Bruce, lets just say that my First Spouse funds were tapped into. Thankfully, the mint has pushed back the release date of the next FS coins, so I have time to mow a few more yards and save up. In the past, you would be able to find one, maybe two of these on ebay at any given time. But as of lately, there have been 3 or 4 for sale and any given time. The first coin came from a private collection, but the second coin came directly from Tebo Coin Company. This is just my thoughts and I have not confirmed this, but I believe that the Tebo Coin Company originally had the whole stock of these (2501-5000) and have slowly been releasing these to the public. Usually about every two weeks or so, I have seen an auction for one of these coins from the Tebo CC, but in the past the prices were quite high. So either the market is becoming saturated with them and demand is dying or the money is just not there to buy something like this. The ones you see on ebay with the green label ICG holders are the original holders. These slabs are labeled with the ICG sticker that is above and have no grade on them. Anything in something other than an ICG holder has been cracked out and submitted to that company.
Great story! Thanks for sharing. Her work is beautiful, my husband and I had a chance to view some of her work in person. She also helped to design the New Mexico state quarter. Here is some more info on her that you might enjoy. http://www.glennagoodacre.com/display/supplementalpages/information.cfm
Now that is just amazing! I had never heard of this story, only sac's I knew of that were rare were 2000 P cheerios dollars This looks like a proof coin! And pretty sweet that you own two out of the original 5000, and only half of that is available to own! Very cool purchase!
Great information. I have seen these before and I would really like to pick one up. Unfortunately, they are out of my price range right. Congrats on getting one!!!
