@davewesen said:
This is a regular one and has cross lines on wingtips and outside tailfeathers
Yes, this is the regular design. Perfectly normal.
As Rogers told me he wanted to make the tail feathers appear white, as they are in real life on an adult bald eagle, so he got rid of the detailing there. He wasn't trying to make the wings appear white, since they are not in real life, though why he softened the detailing there I do not know.
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.
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.
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.
@dennis5151 said:
I have kept pretty quiet about my Cheerios Dollar collecting as I understand how quickly word can spread.
Having completed my Cheerios Dollar collection to the best currently available... a bold statement you should take with a grain of salt.... I submit the Cheerios Dollar is a true modern collector’s "sleeper" and a variety coin destined to be a "buyer", one that is purchased for an investment.
After 25 years, apparently most of the 5,500 originals have been lost to circulation damage. Less than 10% have been graded, perhaps only 5% considering crossovers. The first few graded coins sold at very high prices then prices dropped as expected. After stabilizing, the coins have kept increasing in price, pretty much with inflation.
Very few, perhaps less than ten circulated examples have been graded due to the quick wear of the fine details on the tailfeathers, which is the number one identifier of a circulated Cheerios Dollar.
Without the tell-tell tail details, a circulated coin will not be designated as a Cheerios Dollar. Further, inside this variety, are the 2000 Business Strikes, a few non-pattern, non-prototype coins thought to be used in the promotion to finish up the original order of 5,500. These are being designated as "Cheerios Promotion". While these currently sale for slightly less than the 1999 Prototypes, they are actually rarer, perhaps less than ten have been graded.
As of this date, only one Top pop MS69 has been graded. It auctioned for an official eye opening $27,600. This is twice the most recent MS68 listed prices.
Of course, there are still a lot of ungraded coins in the original packages so the top pop can fall at any time.
After a quarter century, I doubt there will ever be more than ten circulated coins graded. I doubt there will be more than ten 2000 Business Strike "Promotional" graded coins. Those are the real sleepers and buyer investment coins.
As previously claimed, and perhaps as a challenge to other collectors, I beleive I have the best current collection in any safe deposit box....
I have three circulated:
ANACS AU55, 5346834
ANACS AU55, 74554280
ANACS AU58, 74554281
Two promotional 2000 Business strikes
NGC MS65, 5893545-001
NGC MS66, 6353161-002
The top pop:
NGC MS69, 8163673-001
and 24 others, of which four are ungraded, still in the package. To finish off the collection, I have four unopened original 2000 Cheerios Promotion Boxes.
My wife will agree with most of you, i have way too much money tied up in this collection. A lesson in investing, buy high, sell higher. Quality and quanity counts.
I am out of time. I can post a few more pictures later.
@dennis5151 said:
I agree with all the above comments.
I seek label rarities as well as curiosities as I think they have value, perhaps more than others of equal quality. For example, I would rather have one MS68 from each grading company than five from only one company.
Prices will be driven by supply and demand. My thirty coins are off the market. That is greater than 10% of the graded coins. I am pretty sure my kids and grandkids will flood the market when I am gone. Until then, I can only hope these keep up with inflation.
The real question, at age 71, what do I collect from here? 1853 D Gold is appealing.
@wondercoin said:
The Cheerios pattern Sac $1 is a cool modern coin. But, there are now around 5 1/2 dozen MS68’s graded at PCGS, including (1) in 68+. There is also the NGC-MS69 coin in existence, which I haven’t seen. But, I can only assume the coin would also only cross to a PCGS-MS68 (and maybe MS68+ on a great day). I think that NGC coin realized under $28,000 at auction recently. Meanwhile, when this coin was just pop 5/0 in MS68 at PCGS, the coin fetched $29,900 at Heritage. They have lost the majority of their value from there as the coin moved up from pop 5 to pop 65 in MS68.
In my Top Modern Registry Set is a specimen that I believe was either the very first or second MS68 ever graded at PCGS (under the strictest standards). It is a fabulous quality coin. It hasn’t seen the light of day in the past 15 or 20 years I have owned the coin. I would be happy to have a “Showdown” at a future PCGS Event of the greatest Cheerios Dollars in existence and enter my coin. I’m confident it would “stack up” very nicely against the recently graded PCGS-MS68+ as well as the NGC-MS69.
What’s holding this coin back (when viewed as a future “sleeper”) is its original mintage and the actual number coins uncovered and in collector’s hands to date. The coin is having trouble working its way back to $10,000+ in the top PCGS numerical grade of MS68 with such a “high” relative mintage. By contrast, I recently bought at auction a very cool 20th Century pattern with an estimated mintage of about less than a dozen specimens for the same $10,000. I’ll personally take the mintage 10 or 12 coin over a mintage 500 or 1,000 or 5,500 (whatever one wants to assert for the Cheerios Dollar) - “apples to apples patterns”.
I started in 2010, mostly internet auctions, two from craigslist postings, and two regional coin shows. They were paid for by gambling in the stock market. My goal was two per year. Not counting the insane $26,700 for the top pop, my prices ranged from $1058 to $9000 for a NGC 68 which should be a MS70 PLUS PLUS. LOL
One thing for sure, all investments are a gamble. For risk comparison, I lost 100% on two stocks that went bankrupt, KMART and BANRO. These coins should always have at least a $1 (near worthless) USD value. Again.... LOL
Comments
deep enough for what? deep enough to see when at the correct angle.
the picture is a 2002-P PCGS MS67+ with a price guide of $12
Yes, this is the regular design. Perfectly normal.
As Rogers told me he wanted to make the tail feathers appear white, as they are in real life on an adult bald eagle, so he got rid of the detailing there. He wasn't trying to make the wings appear white, since they are not in real life, though why he softened the detailing there I do not know.
This looks legitimate, but why would somebody in Romania have 43 of the single Cheerios cents for sale. The mind boggles.
https://www.ebay.com/itm/405564635760?_skw=cheerios&itmmeta=01JMJ2F8TPPTK079F4ZV6FX269&hash=item5e6d893a70:g:RTUAAeSwu0Rntwf5&itmprp=enc:AQAKAAAA4FkggFvd1GGDu0w3yXCmi1fK5rzSrOnUapt98XR3Bs3Xccdw2AKr9B3VOGWvYny4wAUd9UJxw4tvCW0yIjuuqq7ALN3XUR6sNHrcObHXfTh4rvx4U8IF+sjJqoE09UFMZs3P8juU/Dg59UODoghGXPlfZXE4i9FV3rP3g9LFfhTpW6HlUoDDOkMYIAcs92bq8feeY3TMYDTOA/UPQqZFbygwAyr8o2ugxuT8TXILOynW731aJo+B3MNEuE6y31kxW5NyRnmYgV5+iRwv6UQdb7XeHQLuGCoW2NMG9hfxbyB3|tkp:Bk9SR8iNvcKkZQ
Maybe they eat a lot of Cheerios in Romania.
A Cheerios Dollar that has the word "CHEERIOS" on its reverse!
Or not.
https://www.ebay.com/itm/205329277119?mkevt=1&mkpid=0&emsid=e11021.m164380.l178263&mkcid=7&ch=osgood&euid=813c9c04d56c4e508055fea198bc365e&bu=43112640167&ut=RU&exe=0&ext=0&osub=-1~1&crd=20250303071143&segname=11021&recoId=205329277119&recoPos=1
Disclaimer: I'm not a dealer, trader, grader, investor or professional numismatist. I'm just a hobbyist. (To protect me but mostly you! 🤣 )
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