Opinions sought on what to do with Cheerios dollar

CaptHenway · October 25, 2014 7:02AM

I happen to own a Cheerios dollar in the original General Mills pack. It has the right die marker, and I am sure it is the pattern reverse. I have another in an NGC holder with "DELOREY SPECIMEN" on it.

Doing a little estate planning, trying to make things a little easier for my wife to take care of things should something happen to me. With that in mind, should I:

A: Keep it as is.
B: Sell it as is since I have the bonafides to say it has the die marker.
C: have it slabbed by PCGS to have one in each slab.
D. have it slabbed by NGC so that the slabs match.
E. go skydiving and let her worry about getting rid of it after I tunnel in.

FWIW, the coin is in very nice condition and should slab high.

Your advice is welcome, either here or via private message.

TD

P.S.: I also have another one in the Cheerios packaging but without the die marker. What the heck is THAT worth these days???

TwoSides2aCoin · October 25, 2014 7:12AM

PCGS holder. Reverse side up with the pedigree or whatever you call it " LABELED" "The Discoverer's Specimen" …if PCGS will do that, it would be very cool, especially neat and absolutely fitting.

That's my humble opinion, sir.

DIMEMAN · October 25, 2014 7:15AM

I would sell all of them for what I could get and use the proceeds to buy nice Classic coins I liked.

LindeDad · October 25, 2014 7:22AM

Cash out before you have to be carried from the table.

Boosibri · October 25, 2014 7:22AM

<< I would sell all of them for what I could get and use the proceeds to buy nice Classic coins I liked. >>

Ditto

mariner67 · October 25, 2014 7:27AM

Unless your wife is very knowledgeable I would cash out.
When a spouse dies, especially if unexpectedly, the survivor is often overwhelmed with other issues to deal with.
JMHO.

TwoSides2aCoin · October 25, 2014 7:28AM

<< 

<< I would sell all of them for what I could get and use the proceeds to buy nice Classic coins I liked. >>

Ditto >>

Without trying to be argumentative you guys, this coin IS a CLASSIC. There are fewer than 100 known, despite published reports, it's one of the most sought after coins of the new millennium. I know that reads totally coin geekish, but it's true.

DIMEMAN · October 25, 2014 7:54AM

>>>Without trying to be argumentative you guys, this coin IS a CLASSIC. There are fewer than 100 known, despite published reports, it's one of the most sought after coins of the new millennium. I know that reads totally coin geekish, but it's true. <<<

Ah...these are not classics....they are modern.

ChangeInHistory · October 25, 2014 7:57AM

C or D.

MICHAELDIXON · October 25, 2014 8:12AM

Go with option E

MsMorrisine · October 25, 2014 8:13AM

Grade them

Bochiman · October 25, 2014 8:50AM

If you only had 1, it would be a different answer.
Since you have 2, my honest and serious answer (as I have pondered similar about my collection to a degree) is to do what YOU feel....and since you are wondering, I am going to guess that having 2 of them doesn't bring you the most/best feelings (not that you have bad feelings, but rather that you are just "well, I have 2.....").

So, I would sell the one you want to sell, if the market is where you are ok selling it at. Keep the other.

Unknown · October 25, 2014 8:54AM

This content has been removed.

Barndog · October 25, 2014 9:04AM

There's a dealer or two out there that specialize in this kind of stuff. The OP likely knows who such dealers are. I advise contact those dealers and consider their advice on how to maximize your return

ricko · October 25, 2014 9:08AM

I would slab and hold....Cheers, RickO

Davideo · October 25, 2014 9:12AM

I'd slab it and sell one of them.

crypto79 · October 25, 2014 9:16AM

Drill a partial hole in it and sell it to realone as "chopmarked" for 2x what it is worth.

FullStrike · October 25, 2014 9:55AM

Yes please enter me in your most generous giveaway. And thanks for the chance.

luckybucks · October 25, 2014 9:56AM

I would keep at least one of them. They are what I would call "mordern classic coins'''. I'm sure in another 30 or so years they will be worth alot more than they are today.

ranshdow · October 25, 2014 10:04AM

Get PCGS to put it in a sample slab & sell it to Lakesamman for 10x what it's worth.

Zoins · October 25, 2014 10:10AM

Get it into a NGC Black slab

CaptHenway · October 25, 2014 10:10AM

The problem with oddball modern stuff is that it can be so hard to price. When I was looking at the Cheerios dollars at the SDB today there was also a Glenna Goodacre dollar, 1 1999-W 1/10 oz. gold BU and two 1999-W 1/4 oz. BU, a half dollar sized INCO "pattern" and related pieces, and other oddball stuff accumulated in a misspent numismatic life. What would she do with it?

DHeath · October 25, 2014 10:13AM

It seems the implicit goal is to make certain the raw coin is as liquid as possible or convert it to cash yourself. You do not mention the possibility of selling the NGC holdered coin, so I assume you are comfortable with your wife selling it later. Therefore, the central question is whether the raw coin is more valuable in the original packaging or in a TPG holder which we must assume will be of fairly high grade. It seems very likely that the PCGS holder would be more valuable should you choose that path. Therefore, the question becomes whether the coin is more valuable in a high-grade PCGS holder or in original packaging. This should be a researchable problem.

CaptHenway · October 25, 2014 10:14AM

Oh, and somewhere I have a special edition 2001(?) Redbook given out at the 2000 ANA Banquet, autographed there on the Sacagawea page by Glenna Goodacre and Tom Rogers. How do you price that???

NumisOxide · October 25, 2014 10:15AM

I like the sell it and buy a nice classic coin option.

DIMEMAN · October 25, 2014 10:17AM

>>>The problem with oddball modern stuff is that it can be so hard to price. When I was looking at the Cheerios dollars at the SDB today there was also a Glenna Goodacre dollar, 1 1999-W 1/10 oz. gold BU and two 1999-W 1/4 oz. BU, a half dollar sized INCO "pattern" and related pieces, and other oddball stuff accumulated in a misspent numismatic life. What would she do with it? <<<

All of this stuff should be cannon fouder for real coins!

19Lyds · October 25, 2014 11:10AM

<< I happen to own a Cheerios dollar in the original General Mills pack. It has the right die marker, and I am sure it is the pattern reverse. I have another in an NGC holder with "DELOREY SPECIMEN" on it.

Doing a little estate planning, trying to make things a little easier for my wife to take care of things should something happen to me. With that in mind, should I:

A: Keep it as is.
B: Sell it as is since I have the bonafides to say it has the die marker.
C: have it slabbed by PCGS to have one in each slab.
D. have it slabbed by NGC so that the slabs match.
E. go skydiving and let her worry about getting rid of it after I tunnel in.

FWIW, the coin is in very nice condition and should slab high.

Your advice is welcome, either here or via private message.

TD

P.S.: I also have another one in the Cheerios packaging but without the die marker. What the heck is THAT worth these days??? >>

F. Send it to 19Lyds and let him worry about it.

Onedollarnohollar · October 25, 2014 11:30AM

sell the raw original packaged coin. it's worth more because it hasn't been entombed as most have. there's something special about how the coins look in the original packaging that a slab just doesn't give you. good luck...the original would sell in the 7+ K range to the right collector I believe.

Tookybandit · October 25, 2014 11:36AM

AUandAG · October 25, 2014 11:37AM

Sell it and then buy the plane so you don't have to jump....

bob

Unknown · October 25, 2014 11:39AM

This content has been removed.

Baley · October 25, 2014 11:47AM

Artificial tone it on the obverse in shades of amber, neon pink, and electric blue, have it slabbed and sell it for 20 times what it's worth.

Oh, did you say it's a Sac and not a Morgan? never mind, that's what they for Morgans

CaptHenway · October 25, 2014 11:57AM

<< Get PCGS to put it in a sample slab & sell it to Lakesamman for 10x what it's worth.

>>

That works.........

AMRC · October 25, 2014 12:03PM

No reason to have two. Question is will it net more in the original packaging? If the answer is "yes," sell it as is. If the answer is "no" or "not really" then grade it and keep the higher of the two and sell the other.

lasvegasteddy · October 25, 2014 12:09PM

i'd have pcgs grade it for future sale

keep the discovery piece in ngc

congratulations there by the way

"P.S.: I also have another one in the Cheerios packaging but without the die marker. What the heck is THAT worth these days??? "
way less if you note lacking the die marker

how trust worthy is an obverse die marker when a die marriage could be yet another new discovery...waiting to happen...hmmm
glad it's your quandary...not mine
sorry

ctf_error_coins · October 25, 2014 12:13PM

Keep one and have the other sent to PCGS with Your pedigree (As your are the discoverer) and sell it for multiples of what is is worth.

MsMorrisine · October 25, 2014 12:34PM

See of pcgs will 2 coin slab them both with one as Cheerios and the other as regular reverse/Cheerios holder

Lakesammman · October 25, 2014 1:00PM

Get PCGS to put it in a sample slab & sell it to Lakesamman for 10x what it's worth.

Oh man - broke out in a sweat just thinking about that......

OPA · October 25, 2014 1:34PM

<< Sell it and then buy the plane so you don't have to jump....

bob

>>

And remember, you only need a parachute if you plan to jump twice.

TwoSides2aCoin · October 25, 2014 1:52PM

Now that you're faced with the prospect of grandchildren, forget the vote… leave the coins to them.

…oh and consider you may have the only MS 69.

ranshdow · October 25, 2014 3:19PM

BaronVonBaugh · October 25, 2014 3:41PM

C

I would love to have one. Unless a lot more of these are found I'm not likely to ever acquire one.
Please skip E!

nwcoast · October 25, 2014 4:08PM

Do you enjoy the coin? Does it tickle your fancy? If so, keep it awhile. If not, ditch it.
I'm not up on the prices of these raw vs slabbed. Sorry.

I'm getting the feeling you don't have much faith in your parachute. Who packed that thing?

CaptHenway · October 25, 2014 11:58PM

<< sell the raw original packaged coin. it's worth more because it hasn't been entombed as most have. there's something special about how the coins look in the original packaging that a slab just doesn't give you. good luck...the original would sell in the 7+ K range to the right collector I believe. >>

How about if I autograph the back of the General Mills package? Would that increase or decrease the value?

LindeDad · October 26, 2014 1:13AM

<< 

<< sell the raw original packaged coin. it's worth more because it hasn't been entombed as most have. there's something special about how the coins look in the original packaging that a slab just doesn't give you. good luck...the original would sell in the 7+ K range to the right collector I believe. >>

How about if I autograph the back of the General Mills package? Would that increase or decrease the value?

>>

Talk to David about a Autographed insert by you and they grade?

BAJJERFAN · October 26, 2014 1:25AM

Practically, if you're looking to simplify things for wifey after an elephant sits on you the obvious thing is to sell it/them for maximized value and invest in something traditional or coins that are easier to liquidate.

TwoSides2aCoin · October 26, 2014 1:28AM

Stuff it in a bell ringer's bucket this year and forget about it.

bsshog40 · October 26, 2014 2:42AM

I would have it slabbed, no opinion on who you choose. I think it would be easier for her to sell a certified coin then have her try to explain what it is. Jmo

Zoins · October 26, 2014 7:21AM

<< Get it into a NGC Black slab

>>

Since you already have one in a NGC slab, if the second one was also pedigreed to you, you could have a pair like this

EagleEye · October 26, 2014 8:33AM

I think keeping it in the original packaging is very important. Sit down and do an exustive write-up about the piece and when the time comes leave instructions on how to put it in a favorable auction using your write-up.

Too often certification sterilizes an important item. It also pegs a value, whereas an uncertified coin in the original package will have the mystique of being a nearly perfect coin in many collectors eyes.

BaronVonBaugh · October 26, 2014 8:41AM

<< Stuff it in a bell ringer's bucket this year and forget about it. >>

Bad idea! It would probably be opened and deposited into a bank!

Opinions sought on what to do with Cheerios dollar

Comments

Leave a Comment