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Do you collect Native American dollar?

The Sacagawea dollar made a big splash in 2000 when it was first introduced. More than one billion were struck.

However, Americans being Americans, stuck to their habits and decided that the paper dollar was much easier to use.

Use of the $1 coin, new as it was, golden in color as it was, just didn’t cut it.
It then pretty much went to sleep as the object of interest among a few collectors.

Mintages plunged.

If you haven’t paid much attention to the Native American dollar since its beginning, you might be surprised to see that the reverse design now changes annually. Perhaps it is time for another look.

The new artwork on the reverse is very interesting. It is no longer a fairly traditional eagle. It is artwork based on Native American culture.

Now, each year the coin is a new type, so even type set collectors have to acquire an example.

Mintages have come back amazingly strongly. So far there are 73,640,000 struck this year alone.

Compare that to the early 2000s when just 2 million to 4 million were being struck at Denver and Philadelphia.

This change has to be attributed to collectors because we sure aren’t seeing the general public demanding to use the new coins.

That change in collector demand is remarkable.

Do you collect the Native American dollar coins?

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2 Responses to Do you collect Native American dollar?

  1. Stuart says:

    Dave, I’m fairly sure you’re wrong about what you wrote: "This change has to be attributed to collectors because we sure aren’t seeing the general public demanding to use the new coins. That change in collector demand is remarkable."

    My understanding is that, by law, the Mint MUST produce a certain number of the NA dollars given how many presidential dollar coins it produces, which also MUST be produced by law. I believe the number is 20%, but I could be wrong about that. Given that the Mint is still striking somewhere between 40M-50M of the dollar coins per mint president, last year totaling roughly 350 million, then 20% of that puts Mint at being legally required to produce 70 million of the Native American dollars … conveniently near the figure you report that has been produced this year.

    Now, I personally am not sure why the Mint just doesn’t drop the presidential dollar coins to a production level closer to demand — like in the 10s of thousands if that — but even if that were the case they would still have to produce 10s of thousands of NA dollars as well because of certain Congressmen’s pet causes.

  2. Vachon says:

    I don’t know what the rate of usage is, but the mass transit in our area gives out dollar coins in change putting a few, however temporarily, back into circulation. They must be getting used somewhat somewhere because it’s not like when I open rolls of dollar coins obtained from my bank, they are all brand new.

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