Anyone here pay 30K for the PCGS MS68 Sac at Long Beach??

Lakesammman · May 30, 2008 1:58PM

Must be a new record. Anyone here buy it??

coinlieutenant · May 30, 2008 2:09PM

It was me. I love it.

Bear · May 30, 2008 2:35PM

I am Spartacus!

Placid · May 30, 2008 2:35PM

I guess it was a special one cause most ms68 sacs sell for about $50.

I think the lot was for 2 coins if it was the one I saw.

7Jaguars · May 30, 2008 2:44PM

Absolute stunner of a bargain even for two coins.Dam-, wish I could have been there to get those. Oh, well, better luck next time!

fc · May 30, 2008 2:53PM

i was the underbidder.

MidLifeCrisis · May 30, 2008 2:59PM

Wow.

RYK · May 30, 2008 3:11PM

<<It was me. I love it.>>

<>

I was just running you guys up.

coinlieutenant · May 30, 2008 3:42PM

Laura was your proxy Robert?

Bochiman · May 30, 2008 3:50PM

<< Laura was your proxy Robert? >>

Laura bought it for herself

Elcontador · May 30, 2008 5:27PM

You might get one like that as change if you pay for a metrorail ticket with a $5 or $10 bill.

TavernTreasures · May 30, 2008 7:27PM

I hope the auction winner enjoys the plastic.

UtahCoin · May 30, 2008 9:29PM

Begs the classic question.....
If it was sitting raw in a dealers case, what's it worth...

stockwiz · May 30, 2008 9:57PM

I'll give you a dollar for it.

291fifth · May 30, 2008 10:12PM

<< i was the underbidder. >>

I thought I was the underbidder!!!

jmski52 · May 30, 2008 10:38PM

Say what you will, someone must have liked it.

CaptHenway · May 31, 2008 12:22AM

Well, the price of my triplicate coin just went way the heck up.....

TD

rhedden · May 31, 2008 12:31AM

I didn't see the coin, but sure hope it doesn't develop any spots inside the holder. Imagine taking that one out of your safe deposit box 5 years from now, and finding a big fat carbon spot.

TwoSides2aCoin · May 31, 2008 12:33AM

<< Begs the classic question.....
If it was sitting raw in a dealers case, what's it worth... >>

It's worth what someone is willing to pay for it, providing the dealer is willing to let it go for that price.

Lakesammman · May 31, 2008 2:35AM

If you were the underbidder, I'll sell you mine for your bid.

BAJJERFAN · May 31, 2008 2:37AM

<< If you were the underbidder, I'll sell you mine for your bid.

>>

Was it really one of the Cheerios Sacs?

TwoSides2aCoin · May 31, 2008 2:39AM

<< 

<< If you were the underbidder, I'll sell you mine for your bid.

>>

Was it really one of the Cheerios Sacs? >>

I will assume from CaptHenway's post that it was.

CaptHenway · May 31, 2008 5:48AM

<< 

<< If you were the underbidder, I'll sell you mine for your bid.

>>

Was it really one of the Cheerios Sacs? >>

A-yup!

Russ · May 31, 2008 6:00AM

<< Was it really one of the Cheerios Sacs? >>

Of course it was, which makes all the knee-jerk modern bashing look rather foolish.

Russ, NCNE

CaptHenway · May 31, 2008 6:10AM

<< 

<< Was it really one of the Cheerios Sacs? >>

Of course it was, which makes all the knee-jerk modern bashing look rather foolish.

Russ, NCNE >>

A-yup!

BECOKA · May 31, 2008 6:35AM

I bid it up to 25K but though anything more was too much.

Barry · May 31, 2008 6:59AM

I have some tulip bulbs to sell...

BlindedByEgo · May 31, 2008 7:01AM

<< I have some tulip bulbs to sell... >>

The Cheerios variety is not a tulip bulb. It's a genuine collectable in its' own right.

CaptHenway · May 31, 2008 1:25PM

<< 

<< I have some tulip bulbs to sell... >>

The Cheerios variety is not a tulip bulb. It's a genuine collectable in its' own right. >>

You won't get an argument from me on that!

TD

7Jaguars · June 1, 2008 6:28AM

Hey, wait, tulip bulbs are genuine collector items!

Broadstruck · June 1, 2008 6:36AM

The wounded eagle variety is starting to gain some insane asks since this auction!

Unknown · June 1, 2008 6:39AM

This content has been removed.

DMWJR · June 1, 2008 6:43AM

Sperbermort!

robkool · June 1, 2008 7:00AM

ecoinquest could fill us in on this one...

FLBuffaloHunter · June 1, 2008 8:13AM

I suspect the discovery of several Sacagawea dollars in the Cheerios packaging without the enhanced tail feather variety by PCGS and NGC contributed heavily to the price increse of the FS-401 variety given previously it was presumed all Sacagawea golden dollars from the Cheerios promotion had the variety. The new information suggests the total number of coins with the enhanced reverse tail feathers may be significantly less than the total 5,500 coins from the promotion.

fc · June 1, 2008 8:16AM

<< I suspect the discovery of several Sacagawea dollars in the Cheerios packaging without the enhanced tail feather variety by PCGS and NGC contributed heavily to the price increse of the FS-401 variety given previously it was presumed all Sacagawea golden dollars from the Cheerios promotion had the variety. The new information suggests the total number of coins with the enhanced reverse tail feathers may be significantly less than the total 5,500 coins from the promotion. >>

or it could simply be a few dozen they ran short on and the total is
5,446.

see! i can make this stuff up as i go along also.

BECOKA · June 1, 2008 8:17AM

<< I suspect the discovery of several Sacagawea dollars in the Cheerios packaging without the enhanced tail feather variety by PCGS and NGC contributed heavily to the price increse of the FS-401 variety given it was presumed all Sacagawea golden dollars from the Cheerios promotion had the variety. The new information suggests the total number of coins with the enhanced reverse tail feathers may be significantly less than the total 5,500 coins from the promotion. >>

Good point even with this low mintage I wonder how long these high prices can hold. This would mean that there are quite a few wealthy SAC collectors to maintain this level.

TwoSides2aCoin · June 1, 2008 8:21AM

Space, the final frontier.

FLBuffaloHunter · June 1, 2008 8:30AM

<< 

<< I suspect the discovery of several Sacagawea dollars in the Cheerios packaging without the enhanced tail feather variety by PCGS and NGC contributed heavily to the price increse of the FS-401 variety given previously it was presumed all Sacagawea golden dollars from the Cheerios promotion had the variety. The new information suggests the total number of coins with the enhanced reverse tail feathers may be significantly less than the total 5,500 coins from the promotion. >>

or it could simply be a few dozen they ran short on and the total is
5,446.

see! i can make this stuff up as i go along also. >>

Given most of the 5,500 Sacagawea dollars released as part of the promotion were probably found by kids or non coin collectors, they may have been spent in circulation. The total graded population of 38 FS-401 coins between PCGS and NGC would seem to add credibility to that theory as well. Given that at least three Sacagawea's have been found in the Cheerios packaging without the enhanced tail feather variety it would suggest IMO that the total number without the enhanced tail feathers would be higher than you suggest. However, it may be a long time before an objective answer may be known. At any rate it is certainly a rare variety and I congratulate the new owner.

TwoSides2aCoin · June 1, 2008 8:33AM

This was from the Q & A forum last year. I wonder if the holder of the discovery coin ever attempted to cross this coin or seek an upgrade. I also wonder , since TD discovered it, if he thinks it might have upgrade potential. To date, there are only 16 graded at PCGS. How about at NGC ? and how many of those graded at PCGS were crossed over ?

Tuesday March 20, 2007 8:19 PM

<< How would you handle the submission of the NGC Discovery Speciman for a Cross Grade?

and...

Would it keep the Pedigree?
Will the cheerios Dollar ever be added to the Registry Set?

Thank you very much for your time.

/ed >>

I believe we would keep the perdigree IF the coin crossed.

Right now, the cheerios Sac is considered a variety and we may add it to a Major Variety set in the future. A better possibility is to get it recognized as a pattern, in which case it would be included in the main set.

-------------------------
Ron Guth
President
Professional Coin Grading Service
www.pcgs.com

I just wonder where the other 5,400+ are

It's been nearly 9 years since they were minted.

Broadstruck · June 1, 2008 8:51AM

PCGS should slab these at the bottom of a clear Acrylic Cereal Bowl... so you see it each morning after your slurp the milk!

What a great way to start each morning IMHO after spending $30K!

Dishwasher safe would be a must!

fc · June 1, 2008 9:07AM

<< 
I just wonder where the other 5,400+ are

It's been nearly 9 years since they were minted. >>

"Given most of the 5,500 Sacagawea dollars released as part of the promotion were probably found by kids or non coin collectors, they may have been spent in circulation."

I can agree with that whole heartedly. I also want to add that any
remaining are sitting in homes across the US in desk drawers and
boxes along with other possible saves like: unopened PEZ dispensers,
nascar momentos, space pens, franklin mint pieces, etc..

Lets face it, i would be shocked to learn of a 25% survival rate in
20 years.

CaptHenway · June 1, 2008 10:20AM

<< This was from the Q & A forum last year. I wonder if the holder of the discovery coin ever attempted to cross this coin or seek an upgrade. I also wonder , since TD discovered it, if he thinks it might have upgrade potential. To date, there are only 16 graded at PCGS. How about at NGC ? and how many of those graded at PCGS were crossed over ?

Tuesday March 20, 2007 8:19 PM

Just to clarify, I reported (in COINage magazine) the existence of the variety after I saw what later became known as the "Cheerios variety" at a press conference here in Chicago in October of 1999, and then saw that the regular issue coins which came out in January of 2000 had different tail feathers.

Later, it occurred to me that since the Cheerios-packaged coins had to have been struck well before the end of 1999 (so that they could be on the store shelves Jan. 1, 2000) they might be of the same variety as the press conference coins. I published that, and based upon that idea Mr. Braddick sent a sealed coin to NGC for them to open. They sent me pictures of the reverse which I confirmed to be the variety I had seen in 1999, and that was certified as the discovery specimen.

I have not seen it, other than in pictures, and have no opinion as to whether it could upgrade.

TD

Edit: My memory was faulty. Mr. Braddick of his own accord certified one of the Cheerios dollars through ANACS, which did not notice the difference. Later, he heard about the variety and sent the coin to NGC, which sent me pictures of the reverse which I was able to confirm was the reverse I saw in 1999.--TD

TwoSides2aCoin · June 1, 2008 10:35AM

Thanks TD... I appreciate the clarification.

morgansforever · June 1, 2008 10:56AM

Certainly wasn't me, I don't have 30k for a coin, probably never will.
My car is 1/6 the value of that SAC.
Hope the owner is happy.
Is this a pop 1/0 coin?

wondercoin · June 1, 2008 11:07AM

When I bought the very first PCGS-MS68 slabbed piece a few years ago, the coin cost around $10k (and I believe an undesignated other MS68 coin sold prior to that for roughly half that price). As with a number of other other great modern coins, the coin has now doubled or tripled in a very, very short time period - to the point now where this coin has become a very serious modern rarity in the top grades. There are also plenty more great modern pop tops that, IMHO, will likewise expode in price in the short years ahead. Stay tuned. Wondercoin.

WinPitcher · June 1, 2008 11:09AM

Wasn't me.

If the buyer is happy I am too.

Steve

braddick · June 1, 2008 11:23AM

upon that idea Mr. Braddick sent a sealed coin to NGC for them to open.

That's not quite right.
After an extensive conversation with David Lange at a Long Beach coin show a few years ago I submitted an ANACS "Cheerios" (on the ANACS insert) 2000 Sacagawea for NGC's research and investigation.

This was after showing the coin to two ANACS graders (as they performed on the spot opinions of coins back then at the show). Neither knew what to make of it.

After four months of contact with the U.S. Mint and two experts (www.smalldollars.com) the coin was returned to me.

CaptHenway · June 1, 2008 12:40PM

<< upon that idea Mr. Braddick sent a sealed coin to NGC for them to open.

That's not quite right.
After an extensive conversation with David Lange at a Long Beach coin show a few years ago I submitted an ANACS "Cheerios" (on the ANACS insert) 2000 Sacagawea for NGC's research and investigation.

This was after showing the coin to two ANACS graders (as they performed on the spot opinions of coins back then at the show). Neither knew what to make of it.

After four months of contact with the U.S. Mint and two experts (<a href="http://www.smalldollars.com">www.smalldollars.com</A&gt

the coin was returned to me. >>

You are of course correct. I apologize for my faulty memory. That's what I get for posting replies on the fly without checking my notes.

Please fill us un on how you got the coin, and how and when it was removed from the General Mills packaging.

TD

Anyone here pay 30K for the PCGS MS68 Sac at Long Beach??

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