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Opinions sought on what to do with Cheerios dollar

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    19Lyds19Lyds Posts: 26,503 ✭✭✭✭


    << <i>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. >>

    I do not know if its been mentioned but perhaps having BGC slab the entire package and simply labeling it as a "Genuine" 2000-P Cheerios Dollar and Lincoln Cent.

    At least that way the packaging and heritage are preserved.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
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    BaronVonBaughBaronVonBaugh Posts: 1,839 ✭✭✭✭


    << <i>

    << <i>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. >>

    I do not know if its been mentioned but perhaps having BGC slab the entire package and simply labeling it as a "Genuine" 2000-P Cheerios Dollar and Lincoln Cent.

    At least that way the packaging and heritage are preserved. >>



    I think most people that want one would want it in a NGC or PCGS slab. I know I would want it in a PCGS slab.

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    291fifth291fifth Posts: 25,178 ✭✭✭✭✭
    Is this really the kind of thing you would want to have in an estate?

    Probably not.

    All glory is fleeting.
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    BLUEJAYWAYBLUEJAYWAY Posts: 11,616 ✭✭✭✭✭
    Donate it to General Mills for a tax write off. Let them reinsert it into a box of Cheerios and market it. Then all the collectors will have a shot at it, albeit with high odds. This would be a marketing ploy for GM to sell many boxes as well. image
    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
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    TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭
    Go for Option F:

    Donate it to me.

    image

    Frank

    BHNC #203

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    TreashuntTreashunt Posts: 6,747 ✭✭✭✭✭


    << <i>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??? >>



    That should be at least a 10% added value, but get Ken's signature to complete it.
    Frank

    BHNC #203

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    CatbertCatbert Posts: 8,184 ✭✭✭✭✭


    << <i>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. >>



    I like this advice. Let the buyer decide whether they want to slab it or keep as is.
    Seated Half Society member #38

    "She comes out of the sun in a silk dress,
    running like a water color in the rain...."
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    BryceMBryceM Posts: 11,931 ✭✭✭✭✭
    Rick's advice seems good, but I'd identify the auction house and a few contacts there for your heirs to work with.

    You could always cash out and buy a lifetime supply of Cheerios.....
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    Take it to that Las Vegas Pawn Shop and give it some National Television exposure,
    turn down Rick's offer and then sell it for all the money..
    Support your local Coin Shop
    LM-ANA3242-CSNS308-MSNS226-ICTA
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    CaptHenwayCaptHenway Posts: 33,861 ✭✭✭✭✭


    << <i>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. >>



    Got it out of the SDB today and looked at it again. Looking at one side only through the plastic I see no reason why it could not grade MS-69, but I have been out of the grading game too long to understand madern grading.

    What might a PCGS MS-69 be worth?
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    CocoinutCocoinut Posts: 2,543 ✭✭✭✭✭


    << <i>I think keeping it in the original packaging is very important. Sit down and do an exhaustive 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.
    >>



    +1 Rick Snow has the right idea. Have all of your important coins well-identified, with estimated values and instructions as to which auctioneer is best suited to handle them in the event of your demise.

    Jim
    Countdown to completion of my Mercury Set: 1 coin. My growing Lincoln Set: Finally completed!
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    CaptHenwayCaptHenway Posts: 33,861 ✭✭✭✭✭
    Has anybody ever seen a "PL" or Proof-Like Cheerios dollar in hand? I haven't.

    Linky

    Sorta reminds me of the finish on the Glenna Goodacre coins.

    TD
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    originalisbestoriginalisbest Posts: 5,971 ✭✭✭✭


    << <i>

    << <i>I think keeping it in the original packaging is very important. Sit down and do an exhaustive 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.
    >>



    +1 Rick Snow has the right idea. Have all of your important coins well-identified, with estimated values and instructions as to which auctioneer is best suited to handle them in the event of your demise.

    Jim >>



    Tom, what Rick said applies especially to you; the same advice wouldn't apply to Joe Schmo collector (such as myself) -- only the coin or coins I'd leave behind would, they'd need to speak for themselves. And the coins ultimately always have to. But in your case, a detailed writeup from a noted numismatic author and long-time authenticator would have to be a value-add, IMO. image
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    pennyanniepennyannie Posts: 3,929 ✭✭✭
    Leave it raw with instructions of what you think needs to be done with it, how to go about it and who to deal with. I do not plan on taking a dirt nap anytime soon but I do keep a notebook in the safe with notes and inventory. Of course my wife may do something totally different but what would I care at that point?

    If I go out the slow suffering route I will take care of everything before I cash out to make it easy on my wife.

    Mark
    NGC registry V-Nickel proof #6!!!!
    working on proof shield nickels # 8 with a bullet!!!!

    RIP "BEAR"
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    CaptHenwayCaptHenway Posts: 33,861 ✭✭✭✭✭


    << <i>Has anybody ever seen a "PL" or Proof-Like Cheerios dollar in hand? I haven't.

    Linky

    Sorta reminds me of the finish on the Glenna Goodacre coins.

    TD >>



    Anyone? Class? Bueller?
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    410a410a Posts: 1,325
    You should sell that coin before General Mills goes through one of their clean out the warehouse and kick out the employees cycles and finds a bag of those in the cello wraps. image
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    CaptHenwayCaptHenway Posts: 33,861 ✭✭✭✭✭
    Well, it graded MS-68 by our hosts. Sure was hoping for an MS-69.
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    TwoSides2aCoinTwoSides2aCoin Posts: 45,023 ✭✭✭✭✭


    << <i>Well, it graded MS-68 by our hosts. Sure was hoping for an MS-69. >>


    Excellent TD…. And let me add that it is worth every penny someone will pay to get one. Congrats, btw.
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    baddogssbaddogss Posts: 1,325 ✭✭✭✭✭
    Oh well, still a nice coin to own. Glad it's the real deal, congratulations.
    Thank you PCGS for the Forums! ANA # 3150931 - Successful BST with: Bah1513, ckeusa, coin22lover, coinsarefun, DCW, guitarwes, SLQ, Sunshine Rare Coin, tmot99, Tdec1000, dmarks, Flatwoods, Wondercoin, Yorkshireman
    Sugar magnolia blossoms blooming, heads all empty and I don't care ...
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    SwampboySwampboy Posts: 13,231 ✭✭✭✭✭


    << <i>Well, it graded MS-68 by our hosts. Sure was hoping for an MS-69. >>



    To echo esteemed forum member Russ.. If the grade don't fit, resubmit. image

    But seriously, how lucky are we all to follow along on an historical thread like this.

    "Inspiration exists, but it has to find you working" Pablo Picasso

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    AUandAGAUandAG Posts: 25,034 ✭✭✭✭✭
    Way to go Capt.....lofty grade.


    bobimage
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
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    MsMorrisineMsMorrisine Posts: 39,455 ✭✭✭✭✭
    Killer

    ATS gives PL to moderns that deserve it

    I wish pcgs were the same

    I think I recall a pl sac graded over there


    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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    MsMorrisineMsMorrisine Posts: 39,455 ✭✭✭✭✭
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    WoodenJeffersonWoodenJefferson Posts: 6,491 ✭✭✭✭
    B. sell it now before she puts it on a yard sale table for $1.01 like my wife would do.
    Chat Board Lingo

    "Keep your malarkey filter in good operating order" -Walter Breen
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    GrumpyEdGrumpyEd Posts: 4,749 ✭✭✭
    Congrats on that grade!

    It's probably good that it's out of that plastic pack, no telling what it would do over time.
    I opened some cents in those and they had a pattern from the plastic.
    Ed
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    koynekwestkoynekwest Posts: 10,048 ✭✭✭✭✭
    Very nice! You have one heck of a coin there!
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    DaveWcoinsDaveWcoins Posts: 1,185 ✭✭✭


    << <i>image >>



    Hah! You found the perfect image for this thread!

    I would also recommend making it easy on your spouse. Liquidate everything you cannot bear to live without now/soon.

    Dave Wnuck. Redbook contributor; long time PNG Member; listed on the PCGS Board of Experts. PM me with your email address to receive my e-newsletter, and visit DaveWcoins.com Find me on eBay at davewcoins
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    CaptHenwayCaptHenway Posts: 33,861 ✭✭✭✭✭
    Laksamman refused to pay 10x what its worth. Listed over on BST.
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    LakesammmanLakesammman Posts: 17,665 ✭✭✭✭✭
    I have to say, that is a very stunning example! image
    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
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    TopographicOceansTopographicOceans Posts: 6,535 ✭✭✭✭
    You should document your entire collection as part of your estate planning.
    List what you have, how much you paid, special notes, how it should be disposed of, who should handle the sale, etc.
    Don't treat your Cheerios dollar any differently and do whatever gives you the most enjoyment out of it - as is, slabbed, etc.

    Then just enjoy your collection and live your life without worrying about it.
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    CaptHenwayCaptHenway Posts: 33,861 ✭✭✭✭✭
    I told you it was nice! Coulda shoulda woulda got a 69!!!
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    I think it would be neat to have it in one of the PCGS double coin holders showing the front and the back along with your pedigree. That would just be to cool and worth 2x the money (lol)

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