AU-55 "Cheerios" Sac found in NC

renman95 · January 5, 2009 1:30AM

Finally, one found in circulation (sort of). The NC collector has been going through rolls, through 1,000's of coins each week to find this "gem." ANACS graded the coin AU55. After eight years less than 100 coins have been certified by the top three TPG's. There are 5,400+ left out there in bank vaults, garage sales, couches, back of kids drawers. I know I have been actively searching for these....sans kids drawers.

Ren

source-cw

lasvegasteddy · January 5, 2009 1:31AM

congrats to that roll searcher

renman95 · January 5, 2009 1:38AM

I wonder if anyone here had one of those $1 and cent promo items and spent them before knowing the $1 was from an experimental die?

nycounsel · January 5, 2009 1:39AM

Wow, that's pretty amazing. What kind of eagle eye is required to make that kind of find?

Does anyone have images to share showing the differences between a Cheerios/Reverse of 1999 Sac and a normal 2000 Sac?

CertifiedGoldCoins · January 5, 2009 1:41AM

<< Does anyone have images to share showing the differences between a Cheerios/Reverse of 1999 Sac and a normal 2000 Sac? >>

Here you go: LINK

nycounsel · January 5, 2009 1:47AM

<< Does anyone have images to share showing the differences between a Cheerios/Reverse of 1999 Sac and a normal 2000 Sac? >>

Here you go: LINK

Thanks!

TwoSides2aCoin · January 5, 2009 1:48AM

nycounsel... The tail feathers on regular Sacagaweas do not have the "diagonal" lines in the tail feathers.

They've been smoothed over.
Photo courtesy of PCGS.

CaptHenway · January 5, 2009 1:52AM

Kewl!
TD

Type2 · January 5, 2009 1:54AM

Abought 8 mo. ago my banker was geting me the prez doller and he ask if I wannted some, so I sent my office girl to get them she came back with no dollers. I ask what happen she laugh and said the armer truck was there when I was geting them and they where the indian doller so he sent them back and they where 2000 anyway. I called the banker and he said Iam sorry we sent them back so I'll never know.

YaHa · January 5, 2009 1:57AM

I wonder how many made into the Post OFFICe kiosks back in the day?

19Lyds · January 5, 2009 3:08AM

This is awesome news which turns on the burner over whether or not these were spent.

All speculation up until this point in time even though we all knew it had to have occured. This just proves it!

CaptHenway · January 5, 2009 3:58AM

<< This is awesome news which turns on the burner over whether or not these were spent.

All speculation up until this point in time even though we all knew it had to have occured. This just proves it! >>

Of course most of them were spent! What red-blooded American kid, upon finding a dollar in a cereal box, WOULDN'T spend it????????
LOL
TD

renman95 · January 5, 2009 4:05AM

This is pretty exciting. They are out there. 5,400+!

According to the link (which is great, btw) the "pattern" has only been known since February 2005. I still remember a few selling on ebay for just a few hundred dollars. I almost bought one near a grand...but I was all enthralled in the Wisconsin "leaf" hoopla. I guess I should've have paid more attention to the Sac.

Ren

keepdachange · January 5, 2009 12:43PM

Where at in NC? That is where I am.

TwoSides2aCoin · January 5, 2009 1:47PM

I have this non scientific theory.

There were not 5500 minted from these dies as previously thought. Since Mr DeLorey's initial discovery of/ or THE Discovery piece that was formerly owned by Mr Braddick and graded MS 66, there have been reports of NGC opening an original package containing a Sacagawea without the " boldly detailed tail feathers".
This would help support my theory (based solely on conjecture), that an initial batch was made for the first release in cereal boxes for General Mills, and also that a second shipment likely contained X amount of normal Sacagaweas.

Shoot holes in it for me, Tom

Also, since I'm still here and thinking aloud, my other "non-scientific" theory is that the ANACS specimen is undergraded and probably more like AU 58, unless some kid used it as a pocket piece for a while.

sinin1 · January 5, 2009 2:05PM

I have a theory that some were spent buying an ice cream cone

TrustNo1 · January 5, 2009 7:56PM

they are probably stored in large bank vaults across the country..like Chase Manhattan Plaza in NY, 5 floors down, no one searching for them..poor little coins

kranky · January 5, 2009 8:57PM

I'm happy for the collector that all that searching paid off.

CaptHenway · January 5, 2009 10:49PM

<< I have this non scientific theory.

There were not 5500 minted from these dies as previously thought. Since Mr DeLorey's initial discovery of/ or THE Discovery piece that was formerly owned by Mr Braddick and graded MS 66, there have been reports of NGC opening an original package containing a Sacagawea without the " boldly detailed tail feathers".
This would help support my theory (based solely on conjecture), that an initial batch was made for the first release in cereal boxes for General Mills, and also that a second shipment likely contained X amount of normal Sacagaweas.

Shoot holes in it for me, Tom

Also, since I'm still here and thinking aloud, my other "non-scientific" theory is that the ANACS specimen is undergraded and probably more like AU 58, unless some kid used it as a pocket piece for a while. >>

I've already said that elsewhere.

I have heard of two or three pieces opened by the grading services that turned out to have the normal reverse, and I own one still in the original package that does not have the die marker on the obverse known to appear on all coins with the pattern reverse.

My best guess is that the original press run with the pattern reverse was at least 5,000 coins, though it is possible that the press run was the full 5,500 coins required by the contest, and that the second shipment (made from normal coins taken from a bin) was made after General Mills rejected some of the original coins because of spotting. Remember how much trouble they had with spotting on the early Sacagaweas?

Years ago I tried contacting General Mills, but they said they had no records of the coins.

TD

LeeBone · January 6, 2009 12:17AM

All right.

Now you got me wanting to search through thousands of Sac`s for this elusive coin too!

Still waiting to find a "big coin" in circulation.

eCoinquest · January 6, 2009 1:56AM

This is a very neat find. Anyone know if the collector is a member here? I would love to see a pic of this circulated cheerios Sac.

MWallace · January 6, 2009 7:16AM

<< I would love to see a pic of this circulated cheerios Sac. >>

There is a picture of it on the front page of the Jan. 19 issue of Coin World. It can be seen online now if you have a subscription to CW.

frnklnlvr · January 6, 2009 7:46AM

That's an amazing find!!! The total mintage for the 2000P Sac is 767,140,000. I've thought about the possibility of finding one because I'm a roll searcher and I gave up on it because the chances are nearly impossible. What part of NC was it found, I'm right on the border here in VA?

LindeDad · January 6, 2009 8:14AM

I just wish somebody would find all of them so the price would come down out of the stratosphere. This one and the wounded eagle are out of the realm of the average collector.
A bunch of AU's or even XF's would sure help fill out a bunch of sets.

sinin1 · January 15, 2009 3:24PM

just got my Coin World

and it said the collectors searches between $3000 and $6000 in rolls every week

and has a circuit of around 150 banks he gets them from

wow

ChrisRx · January 15, 2009 3:28PM

<< just got my Coin World

and it said the collectors searches between $3000 and $6000 in rolls every week

and has a circuit of around 150 banks he gets them from

wow >>

My opinion: It ain't worth it (for THAT much work... driving around, returning them, etc etc.)

micmt · January 15, 2009 3:49PM

5,500 is the potential max....but some cheerios dollars have been found to not have the detailed tail feathers. It was discussed on this forum.

drkilmer · January 15, 2009 8:11PM

Great find! I find it very difficult to be able to get these coins in order to search for them. I do search as many as I can find, but obviously I haven't gotten lucky yet. I'm happy this searcher finally got one.

IrishMike · January 15, 2009 9:17PM

I think they are cool, but at the same time they are getting ridiculous prices. Time will tell if the pricing holds up, too much of a gamble for me.

AU-55 "Cheerios" Sac found in NC

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AU-55 &quot;Cheerios&quot; Sac found in NC

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AU-55 "Cheerios" Sac found in NC