cheerio sacs

grayroads · September 21, 2006 9:38AM

Need some info: what does the term "cheerio sacs " refer to? Thanks, Bob

Leiana · September 21, 2006 9:45AM

Sacagawea dollars that were found in Cheerios Boxes as some sort of premium. They have strong feather details and I think they were special strikes of some sort.

-Amanda

goldrush00013 · September 21, 2006 9:46AM

Type in Cheerios SAC in the search box and you will see many, many threads on the subject.

19Lyds · September 21, 2006 9:51AM

Amanda is pretty close! Actually the reverse of the Cheerios Sac is sometimes called the 1999 reverse since they were minted (5,500) in around Oct Nov 1999 specifically for General Mills. There reverses were not the production reverses minted for 2000 so they carry a big premium.

Check out this link for more info.

TwoSides2aCoin · September 21, 2006 10:05AM

Amanda is correct.
Tom DeLorey first reported it, I think.
Braddick got the DISCOVERY coin
NGC attributed it

There are 5500 known. They were minted in late 99 for General Mills and put in cereal boxes to ring in the new Millennium.
The dies that were used for them and a few dozen 24K gold ones of which there are a dozen in existence now, were modified because someone at the mint didn't like how the tail feathers looked.

They are listed in the 2007 Red Book as a BOLDLY DETAILED TAIL FEATHER design.
If one shows up on ebay, they normally sell for a minimum of $2900. from what I've witnessed over the past four years, and more times than not, they are over five thousand.
It is like the uncirculated Jackie Robinson, the uncirculated bi metallic, or the 95W SAE proof.... when there are only so many to go around, they typically bring MOON money.

Joe

CaptHenway · September 21, 2006 10:22AM

<< <i>Amanda is correct.
Tom DeLorey first reported it, I think.
Braddick got the DISCOVERY coin
NGC attributed it

There are 5500 known. They were minted in late 99 for General Mills and put in cereal boxes to ring in the new Millennium.
The dies that were used for them and a few dozen 24K gold ones of which there are a dozen in existence now, were modified because someone at the mint didn't like how the tail feathers looked.

They are listed in the 2007 Red Book as a BOLDLY DETAILED TAIL FEATHER design.
If one shows up on ebay, they normally sell for a minimum of $2900. from what I've witnessed over the past four years, and more times than not, they are over five thousand.
It is like the uncirculated Jackie Robinson, the uncirculated bi metallic, or the 95W SAE proof.... when there are only so many to go around, they typically bring MOON money.

Joe >>

I saw a piece at a vending machine industry press conference in October of 1999, and then when the regular issue coins came out in January of 2000 I reported that the tail feathers had been changed.

Later I speculated that because they had to be struck early in order to be packaged, the Cheerios coins might have the earlier reverse.
Braddick used this to submit a Cheerios dollar to one of the grading services, and let them open it up in order to verify it came from a Cheerios holder. However, the first service, which shall remain nameless, merely certified it as a Cheerios dollar without noticing the design difference.

Later it was sent to NGC, which consulted with me to confirm that the reverse design was the one that I had seen in 1999. It was.

By the way, there are not 5,500 known. That's how many were distributed in the Cheerios packages, but nobody knows how many were spent by the kids that found them. I would guess that there are about 25-30 known in numismatic circles.

Tom DeLorey

Leiana · September 21, 2006 10:26AM

So these could be found in circulation?

I shall keep my eye out!

-Amanda

morgansforever · September 21, 2006 10:29AM

There are probably some floating around, what would a VF fetch?

Tootawl · September 21, 2006 10:30AM

<< <i>So these could be found in circulation?

I shall keep my eye out!

-Amanda >>

I am curious how many were spent.

Leiana · September 21, 2006 10:31AM

<< <i>

<< <i>So these could be found in circulation?

I shall keep my eye out!

-Amanda >>

Sorry but they were only in boxes of Cheerios. >>

Yes, I know, but Capt. Henway said most kids probably spent them.

-Amanda

TwoSides2aCoin · September 21, 2006 10:48AM

I have tried to keep this under wraps as much as possible, Amanda.

The truth is you could find one in circulation at banks from rolls from the east to the west coast. What likely happened was that once WalMart distributed them in early January of 2000, there was a rush to hoard them. Then the excitement wore off and kids probably spent the ones they found in the cheerios boxes. So , they're probably several undiscovered specimens to be found.

More than likely, a very fine to about uncirculated piece would still be over fifteen hundred.

Thanks for that follow up thread, Mr DeLorey !

RichieURich · September 21, 2006 12:27PM

Yes, one of these could be found in circulation. With 5,500 made, let's assume that 100 exist. That leaves 5,400 variety coins amongst the total mintage of 767,140,000 2000-P Sacs. So your odds of finding one are 5,400 of 767,134,500, or 142,062 to 1. So if you search 142,000 2000-P Sacs, you might find 1.

mach19 · September 21, 2006 1:39PM

Can someone Show us a picture? I found it, thanks.

Twincam · September 21, 2006 2:19PM

So...what's a Cheerios penny worth?

braddick · September 21, 2006 2:41PM

I would only add that the one I owned in the original Cheerios packaging was sent to ANACS about two years prior to any speculation they may be something special. I just sent it in for the novelty factor. In fact, when I was approached by Tom I had almost forgotten about the coin and it took some digging around to locate it.

I was asked to "turn over your ANACS Cheerios and check out the reverse...".
I did and the rest is history.

I will relate, on a funny note, before walking my coin to the NGC table and speaking with David Lange about it I stopped off at the ANACS table. (This was at Long Beach and back when ANACS used to do verbal opinions...).
I showed a grader the ANACS Cheerios coin and also a regular struck 2000-P also in an ANACS holder. The grader studied both, under his glass, for quite sometime. After a long pause he told me he had heard rumors such a coin existed but wasn't sure what to make of it. Pattern? Variety?

I let NGC decide and they did.

Here's a couple of photos for you:

mach19 · September 21, 2006 2:45PM

Thanks

TwoSides2aCoin · September 21, 2006 8:30PM

...... and thank you too, Mr Braddick

ibzman350 · September 21, 2006 9:59PM

Everytime I go to the bank I ask the teller for all the sacs in the till, have over 500 I need to look at. When I need a little pocket change I'll look at a few. I've looked at 50 to this point with no luck.

Herb

cheerio sacs

Comments

Leave a Comment