Why is the Cheerios $ so pricey?

NewParadigm

Why is the cheerios dollar so expensive? Rare?

darktone

They had a specially prepared planchette if I remember right and that gave them a different surface.

Tdec1000

It is a pattern that was only found in the cheerios promotion. Many were probably spent by kids that found them. It wasn't until a few years layer that someone found out that it was a pattern.

LindeDad

You might want to check out what Mike has to say about them at SmallDollars.com he has great info on them and most other verities of the series.

Russ

<< <i>They had a specially prepared planchette if I remember right and that gave them a different surface. >>



You're thinking of a different SAC.

Russ, NCNE

keets

the Cheerio Sac is in effect a Pattern. the diagnostic is in the Eagle Tail Feathers.

MrEureka

the diagnostic is in the Eagle Tail Feathers.

Although rarely mentioned, the wings also have far more detail.

COALPORTER

<< <i>They had a specially prepared planchette if I remember right and that gave them a different surface. >>



Wrong. Different design details.

Lakesammman

Not so expensive now when you consider the price history. There was a price run up after the discovery.

In August 2008, a MS68 sold for $34,500 with Heritage. In August 2010, a MS 68 sold for $5750.

Other grades have shown a similar rise and fall. A premium should eventually develop for those still in their original wrapper.

sinin1

only 10K maximum minted, delivered through General Mills in Cheerios boxes with free giveaway, along with 100,000 (or was it a million?) cents
some of the Cheerios dollars are not the special design (many consider a pattern, others consider a variety)




took a few years until our own BRADDICK noticed the different detail on the reverse - actually a different design, than regular circulation strikes



of the 10K max minted, many were spent on candy or still sit in non-collectors dressers/collections of odd-ball stuff

not sure of total certified by TPGs, but would guess in the low hundreds, making them rather rare by current coinage standards

LindeDad

<< <i>Why is the cheerios dollar so expensive? Rare? >>



According to smalldollars.com there were only 5,500 of them released.

MrEureka

A premium should eventually develop for those still in their original wrapper.

I'd agree with that logic for most moderns. But not for the Cheerios Dollar, because you can't be sure it's the right variety when it's in the original wrapper.

JupitarCoins

<< <i>only 10K maximum minted, delivered through General Mills in Cheerios boxes with free giveaway, along with 100,000 (or was it a million?) cents
some of the Cheerios dollars are not the special design (many consider a pattern, others consider a variety)




took a few years until our own BRADDICK noticed the different detail on the reverse - actually a different design, than regular circulation strikes



of the 10K max minted, many were spent on candy or still sit in non-collectors dressers/collections of odd-ball stuff

not sure of total certified by TPGs, but would guess in the low hundreds, making them rather rare by current coinage standards >>




I thought their were only 5,500 minted.

Raufus

This (5500) is correct. There was a very recent thread on these. I posted a number of links there which should tell you just about all you'd want to know about them.

GrumpyEd

<< <i>
took a few years until our own BRADDICK noticed the different detail on the reverse - actually a different design, than regular circulation strikes >>



Cool! I didn't know he discovered it!

CaptHenway

<< <i>

<< <i>
took a few years until our own BRADDICK noticed the different detail on the reverse - actually a different design, than regular circulation strikes >>



Cool! I didn't know he discovered it! >>



He discovered the physical coin that confirmed my previous written report that the Mint had made a change in the reverse design.

See www.smalldollars.com

TD

notwilight

<< <i>

<< <i>Why is the cheerios dollar so expensive? Rare? >>



According to smalldollars.com there were only 5,500 of them released. >>



and much much lower number in numismatic hands. --Jerry

tahoe98

...i don't have one of those fine sacs at all-----------------------but i have a garage filled to the roof of cheerios!!

cladking

People should remember too that many of these were lost or spent. $1 isn't
a lot of money so some were just lost track of and even ended up in the gar-
bage. Some cereal passes out of code and is destroyed.

Very few of these coins are available at all but they literally keep coming out
of the woodwork. There are probably trhousands in circulation but unless the
dollar ever actally circulates most of these might never be found.

19Lyds

<< <i>Not so expensive now when you consider the price history. There was a price run up after the discovery.

In August 2008, a MS68 sold for $34,500 with Heritage. In August 2010, a MS 68 sold for $5750.

Other grades have shown a similar rise and fall. A premium should eventually develop for those still in their original wrapper. >>

I believe that the price drop can be directly related to MS68 population increases which in not uncommon.

As for rarity, right now, I would consider them rare given the populations and the fact that its been established that not all the coin in the Cheerios packaging are actually the pattern coin.