Three certificate strip of Cheerios COA's, one with a dollar coin, two without, sells on eBay
CaptHenway
Posts: 32,332 ✭✭✭✭✭
This three-piece strip just closed on eBay at $4650. As far as I can tell the dollar in the strip did not have the die marker on the obverse.
Just wanted to show posterity how the dollar coins were distributed at random into cereal boxes. A long strip with mostly just cents would occasionally have a dollar and a cent in one package. Some sort of automatic machinery cut the certificates apart and allowed each one to fall into a box. If there were 10,005,500 certificates distributed then there would be one with a dollar coin in it approximately every 1,819 certificates.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
14
Comments
Wow.
Click on this link to see my ebay listings.
More money than common sense, smh.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I did not know those details. Interesting. Thanks for sharing.
Why does it seem the plastic over the coins with the dollar is not centered? Is that the way they came? Is it possible to remove and exchange coins and make look like original?
Some variation in placing right-left and up-down seems to be normal. It does not bother me.
I have never experimented with trying to lift the plastic from a common cent one and replacing it. If you want to do that you might be able to tell us if it is possible to do convincingly.
The fact that connected coins made their way into the boxes would possibly explain why more sacs were needed to complete the 5500 order. Just a thought.
These strips, usually just all cents, are a new phenomenon. Almost nothing is known about how the original full coins of COA's were cut apart and deposited into cereal boxes, or why some coils were not fully used up. It is speculated that somebody at a cereal making plant changed coils before they were completely used up to prevent some boxes getting through without a coin in them, and that the person changing the coils simply kept the leftovers. Considering the odds of finding a COA with two coins in it, I doubt if more than one or two COA's with two coins escaped being distributed. Therefore, this would not have changed the net mintage.
There were a lot of problems with ugly spotting on the early Sacagaweas in the new alloy. I would speculate that some coins got sent back to the Mint because of spotting, causing the second press run from the newer dies.
I have one that was in rough shape, bent corners and decided to deconstruct it (they are selling near $10 on eBay), as I was not sure how made.
I could lift up a corner and peal it back to get to the middle, but it shows lighter dark now. I am not sure if could reattach to make look the same. The double dollar/cent has a larger inside plastic. For $4-5K, it could be possible some enterprising thief could print/make a couple/few. I will think about it and see if I can put mine back together with a dime inside.
I have no idea what method the people handling the Cheerios coin program used to attach the thick plastic that holds the coin(s) to the certificates. Over the years I have seen a few items on the bay where somebody lifted up the the plastic overlay to switch the coins inside, but the attempts to reseal the thin plastic overlay were always crudely obvious.
These would be easy to counterfeit.
The only thick hard plastic is the 2" x 2" directly around the coin. The other stuff over the entire page is what holds the coin inside the 2x2 in the center. It is almost a soft rubber thin sheet. I am going to get some clear self adhesive contact paper and see if that does the trick.
I respectfully disagree.