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cheerio sacs

Need some info: what does the term "cheerio sacs " refer to? Thanks, Bob
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-Amanda
I'm a YN working on a type set!
My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!
Proud member of the CUFYNA
Check out this link for more info.
The name is LEE!
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
``https://ebay.us/m/KxolR5
<< <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
I shall keep my eye out!
-Amanda
I'm a YN working on a type set!
My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!
Proud member of the CUFYNA
<< <i>So these could be found in circulation?
I shall keep my eye out!
-Amanda >>
I am curious how many were spent.
<< <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
I'm a YN working on a type set!
My Buffalo Nickel Website Home of the Quirky Buffaloes Collection!
Proud member of the CUFYNA
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 !
``https://ebay.us/m/KxolR5
An authorized PCGS dealer, and a contributor to the Red Book.
COMPLETE KENNEDY VARIETY SET, CIRCULATION STRIKES AND PROOFS
1964 MINT SET
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:
peacockcoins
``https://ebay.us/m/KxolR5
Herb