Did anybody here win this Cheerios dollar?

CaptHenway · June 25, 2010 3:25PM

link

Looked OK to me. Didn't bid because the three that I have are enough, but am curious to know how it comes back from the grading services.
TD

Rampage · June 25, 2010 10:43PM

Wow, $3900 is a great deal for who ever won it, if it turns out to be the real deal.

keyman64 · June 25, 2010 11:06PM

Please enlighten me as to the rarity and recent sales of this item. I'm curious.

AnkurJ · June 25, 2010 11:11PM

Its a pretty big gamble, and one I wouldnt take. So the entire package is worth either $1.01, or up to $50k!

Sorry, too much money for me to risk.

ldhair · June 25, 2010 11:17PM

There is a thread ATS on these.
Any ideas of how many of these turn out, not be the pattern coin?
I thought they all were but I guess I was wrong.

edix2001 · June 26, 2010 1:18AM

<< There is a thread ATS on these.
Any ideas of how many of these turn out, not be the pattern coin?
I thought they all were but I guess I was wrong. >>

Everything you need to know about Cheerios dollars

RichieURich · June 26, 2010 1:21AM

<< Any ideas of how many of these turn out, not be the pattern coin?
I thought they all were but I guess I was wrong. >>

From my checking, for a client who had one for sale in 2009, I believe that only a handful have been found that were not the enhanced tail feathers variety. So the odds are about 99% that it is the variety.

Note to anyone finding one of these: to get it certified by PCGS, you need to send it in the original Cheerios packaging. (Also, remember to ask for that package to be returned.)

19Lyds · June 26, 2010 8:53AM

<< 

<< Any ideas of how many of these turn out, not be the pattern coin?
I thought they all were but I guess I was wrong. >>

From my checking, for a client who had one for sale in 2009, I believe that only a handful have been found that were not the enhanced tail feathers variety. So the odds are about 99% that it is the variety.

Note to anyone finding one of these: to get it certified by PCGS, you need to send it in the original Cheerios packaging. (Also, remember to ask for that package to be returned.) >>

Huh?

Submitting a 2000-P Sac as the Pattern coin to PCGS does not require the coin to be in the "original packaging". It's either the pattern or it isn't. If the coin is not the pattern, PCGS will not add anything such as "Cheerios" to the slab label like NGC does. PCGS will simply grade it as a 2000-P Sac.

IMO, if someone has one of these and want's to submit it in the original packaging, they need to go across the street where if it does turn out to be a regular 2000-P Sac, at least the fact that it came in a Cheerios Package will get noted on the slab.

PCGS Cheerios Dollar guidance

DCW · June 26, 2010 9:04AM

I wonder where these coins will stand in 10 years. Sac Dollars seem pretty unpopular, yet this "pattern" coin is heralded (maybe rightfully so) as a great rarity. I guess everyone loves something special, even if it is in the series that they do not care to collect. A "key" coin for a series which will never have a key date.

There has to be more of these out there. The million dollar question is: where????

ecichlid · June 26, 2010 9:08AM

"IMO, if someone has one of these and want's to submit it in the original packaging, they need to go across the street where if it does turn out to be a regular 2000-P Sac, at least the fact that it came in a Cheerios Package will get noted on the slab."

Please don't tell me that those go for a premium. I'm sure they do. There's a sucker born...

CaptHenway · June 26, 2010 1:12PM

<< "IMO, if someone has one of these and want's to submit it in the original packaging, they need to go across the street where if it does turn out to be a regular 2000-P Sac, at least the fact that it came in a Cheerios Package will get noted on the slab."

Please don't tell me that those go for a premium. I'm sure they do. There's a sucker born... >>

I paid $100 for a non-pattern coin in a Cheerios-designated holder just to have one for my collection. It goes well with my three pattern coins.

TD

ecichlid · June 26, 2010 2:19PM

"I paid $100 for a non-pattern coin in a Cheerios-designated holder just to have one for my collection. It goes well with my three pattern coins. TD"

Hey, when money is no object...

cladking · June 26, 2010 2:27PM

<< 

I paid $100 for a non-pattern coin in a Cheerios-designated holder just to have one for my collection. It goes well with my three pattern coins.

>>

Cool.

Do you believe the non-pattern cheerios dollars really came in boxes of cheerios?

I'd almost have to see one come out of an unopened box to believe it but would
explain why so few of these have been found to date.

19Lyds · June 26, 2010 2:33PM

<< 

<< 

I paid $100 for a non-pattern coin in a Cheerios-designated holder just to have one for my collection. It goes well with my three pattern coins.

>>

Cool.

Do you believe the non-pattern cheerios dollars really came in boxes of cheerios?

I'd almost have to see one come out of an unopened box to believe it but would
explain why so few of these have been found to date. >>

The non-pattern Cheerios dollars must be removed from the original packaging. So for all intents and purposes, yes, I believe they came from a box of Cheerios.

For historical purposes, if I owned a Cheerios Pattern Dollar, I'd certainly want to have the non-pattern version as well.

CaptHenway · June 26, 2010 3:11PM

<< 

<< 

I paid $100 for a non-pattern coin in a Cheerios-designated holder just to have one for my collection. It goes well with my three pattern coins.

>>

Cool.

Do you believe the non-pattern cheerios dollars really came in boxes of cheerios?

I'd almost have to see one come out of an unopened box to believe it but would
explain why so few of these have been found to date. >>

Yes. It was opened by the grading service and found to be a regular coin.
TD

Broadstruck · June 26, 2010 3:17PM

Could the packaging be x-rayed to see the reverse details

astrorat · June 26, 2010 10:37PM

<< Could the packaging be x-rayed to see the reverse details

>>

You are a very clever man...

I doubt an "x-ray" would provide the level of detail. Perhaps a CAT scan? Then again, imaging is not my forte.

Lane

tincup · June 26, 2010 11:28PM

I don't know much about these Cheerios packaged coins....

.... but any chance that any of these are being faked?

crazyhounddog · June 27, 2010 1:22AM

I think this coin is way over rated....

lbtrip23 · June 27, 2010 1:24AM

<< I think this coin is way over rated.... >>

Tdec1000 · June 27, 2010 1:31AM

If I had $4K to burn I would take a chance on it. They bring quite a bit more graded!

19Lyds · June 27, 2010 2:49AM

<< I think this coin is way over rated.... >>

The same could be said of many coins.

The 09SVDB comes to mind.

But then the Lincoln series is much more popular than the Sacagawea Series which could account for the "over rating" on the SAC.

Personally, I think the Reverse of 1999 is a significant coin with a certifiable low mintage that few will get the opportunity to own.

MrEureka · June 27, 2010 3:40AM

Wow, $3900 is a great deal for who ever won it, if it turns out to be the real deal.

IMHO, it has to grade at least 67 to be a "good deal".

Rampage · June 27, 2010 3:47AM

<< Wow, $3900 is a great deal for who ever won it, if it turns out to be the real deal.
IMHO, it has to grade at least 67 to be a "good deal". >>

Andy, my comment only applies if the Dollar turns out the be the pattern. In that case, then any grade is a deal for $3900 considering they sell for multiples of that, even in MS65.

If the coin turns out NOT to be the pattern, then I say in even MS68 grade, the price is too high.

Keep in mind, I am only talking about the pattern.

ormandh · June 27, 2010 3:59AM

This simply amazes me! What makes this coin worth so much?

MrEureka · June 27, 2010 4:00AM

Keep in mind, I am only talking about the pattern.

Me too. And I'd happily sell you an NGC 66 at 4K.

pf70collector · June 27, 2010 4:09AM

If it too good to be true.... I hope it is the variety for the buyer and has the seller will submit the coin for authenticity like he states he will do.

ormandh · June 27, 2010 4:37AM

What is the difference between the pattern and the circulating issue for someone that is not up on the issues?

MrEureka · June 27, 2010 4:41AM

What is the difference between the pattern and the circulating issue for someone that is not up on the issues?

LINK

Aegis3 · June 27, 2010 4:41AM

<< I think this coin is way over rated.... >>

No, I think they're merely overpriced, but not overrated.

eCoinquest · July 11, 2010 10:01AM

I find it interesting that some would call this an overrated variety. It has a max mintage of 5500 coins which is very low and chances that all 5500 exist with the variety are zero..

so this leads me to believe that someday once more collectors wake up to the rarity and historical significance of this particular variety the prices will go through the roof for high grade examples.

Prices have since softened from their peak a few years ago but this is not to say they are accurately priced now.

Total population is probably about 60-70 examples in all grades and the pop report for PCGS and NGC is somewhat skewed due to many cross overs. The cheerios variety has an interesting story to go along with the variety itself which truly makes it a special thing of the 21st century. It may be the lowest population of any coin struck for circulation in the 21st century.

Unknown · July 11, 2010 10:08AM

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RunnersDad · July 11, 2010 10:10AM

Has anyone ever found the variety roll searching? No doubt many people pulled one from the box, were temporarily intrigued by it's novelty only to spend a couple weeks later.

Unknown · July 11, 2010 10:12AM

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ldhair · July 11, 2010 10:31AM

I think the kids got most of them and the package went in the garbage.
I'm sure the kids saved the coin.

PipestonePete · July 11, 2010 11:15AM

I agree with Runnersdad. I believe the majority of these coins were spent. Cheerios is a very popular cereal. Although I agree that most collectors would have held onto these as a novelty ( I kept 3-4 of the cents that I found as my wife eats Cheerios), most of the non-collectors out there would have taken that coin out of the holder....shown if off for a week or two....and then spent it.

Unknown · July 11, 2010 11:17AM

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notwilight · July 11, 2010 11:23AM

I believe that there has never been an instance of one found in circulation. I've searched a few rolls. --Jerry

PipestonePete · July 11, 2010 11:36AM

<< I agree with Runnersdad. I believe the majority of these coins were spent. Cheerios is a very popular cereal. Although I agree that most collectors would have held onto these as a novelty ( I kept 3-4 of the cents that I found as my wife eats Cheerios), most of the non-collectors out there would have taken that coin out of the holder....shown if off for a week or two....and then spent it. >>

Do you have any idea how small the chances are that any quantity of these will be pulled from circulation? Talk about the proverbial "needle in a haystack".

pennyannie · July 11, 2010 11:41AM

I would think a few circs may be floating around in Purto Rico.

Griv · July 11, 2010 11:47AM

I lost to the high bidder in the last 2 seconds as I scrambled to place another. I think it's time to eBay my Sac sets. The headache of the President's sets and the edge errors has made the series a PITA.

Unknown · July 11, 2010 11:48AM

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PipestonePete · July 11, 2010 11:56AM

Even though the diagnostics of this pattern coin are distinct....they certainly don't jump out at you like a 1955 DDO or other more noticeable varieties. I am not even sure that most collectors can discern the markings without employing magnification of some kind. I know us older ones certainly wouldn't be able to. It's an important variety and it would certainly not be an easy find in circulation. The small number extant mingled in with the millions of non-pattern coins that the mint released alone would make it tough to locate. And where will you even obtain any number of that specific year to search from circulation?

morgansforever · July 11, 2010 12:17PM

To big of a gamble for me, would hate to open it and find it's a plain ol 2000P SAC.
On the other hand, if it's the boldly detailed feather variety, cha ching

RB states 5500 were minted, wonder how many made it into those blister packs.
Maybe the winner will find this thread and share their find.

Griv · July 11, 2010 12:38PM

The ONLY gamble is that a few of the Sacagawea dollars packaged in Cherrios boxes are of the common variety. Wouldn't THAT suck to spend 4 grand, crack it out and find it a common 2000 worth $1 on a good day.

Now how much MORE will that suck when you gotta fess up to the Misses. $4000 for $1? Dang.

RunnersDad · July 11, 2010 1:15PM

<< 

<< 

<< I agree with Runnersdad. I believe the majority of these coins were spent. Cheerios is a very popular cereal. Although I agree that most collectors would have held onto these as a novelty ( I kept 3-4 of the cents that I found as my wife eats Cheerios), most of the non-collectors out there would have taken that coin out of the holder....shown if off for a week or two....and then spent it. >>

Do you have any idea how small the chances are that any quantity of these will be pulled from circulation? Talk about the proverbial "needle in a haystack". >>

I find needles in the haystack pretty darn frequently when I am looking for it......thank goodness for ebay. So let me say this, I am a coin collector and I have zero knowledge of the Cheerios dollar, I have no idea what to look for , what year it be ...zero ..nada....are you saying there can't be more like me who have no moderns in one's collection. For all I know I have one in my boxOcoins sitting in the closet. I think we are assuming that the public at large aren't a mass of sheep...which by proof of their many actions and inactions they most definitely are. >>

I think that coin "collector's" would have certainly kept the coin had they received it in a box of cheerios and at some point would realize it's perceived value. But I think that a more casual collector would have admired it for a while and then put it in circulation. Or it's tucked away in a box of crap and will never see the light of day.

But I do feel that it is not out of the realm of possibilities to find the pattern coin while roll searching. The odds are certainly stacked against you, but as Realone pointed out if you look for them people still find varieties and other coins of greater value while searching rolls.

halfhunter · July 11, 2010 1:27PM

<< 

<< I agree with Runnersdad. I believe the majority of these coins were spent. Cheerios is a very popular cereal. Although I agree that most collectors would have held onto these as a novelty ( I kept 3-4 of the cents that I found as my wife eats Cheerios), most of the non-collectors out there would have taken that coin out of the holder....shown if off for a week or two....and then spent it. >>

Do you have any idea how small the chances are that any quantity of these will be pulled from circulation? Talk about the proverbial "needle in a haystack". >>

Seems I remember, I believe in Coin World a few months back, that a retired guy from NC pulled one from a bank roll!

HH

notwilight · July 11, 2010 1:37PM

I think that some were spent and are probably in the banks, postal machines, toll booths, foreign countries, or other places where these coins circulate. but I would guess most of them were made property of the kids which means piggy banks, hope chests, occasional toy boxes, and many were just lost. Probably lots were crushed under the seats of junk cars. Some are probably still under the seats of junkers in junk yards*. Some may get found under the seat and spent. Some probably went to the dump deep in the cracks of the sofas....wherever kids change goes, these have been there. --Jerry

* the problem with searching under seats of junk cars is that there are maybe 20 coins under 20,000,000 possible seats....

robkool · July 11, 2010 2:07PM

A needle in a haystack for sure...

MrEureka · July 11, 2010 2:28PM

I believe that there has never been an instance of one found in circulation.

I believe CW or NN reported one find, perhaps a year ago.

BTW, many Sacs got exported to Ecuador, where they circulate widely. It would not surprise me if the majority of the Cheerios dollars are there. And most of those coins will end up in heavily circulated condition.

notwilight · July 11, 2010 2:36PM

<< I believe that there has never been an instance of one found in circulation.

I believe CW or NN reported one find, perhaps a year ago.

BTW, many Sacs got exported to Ecuador, where they circulate widely. It would not surprise me if the majority of the Cheerios dollars are there. And most of those coins will end up in heavily circulated condition. >>

I missed the circulation find. Very cool for the finder.

And although I mentions circulating in foreign countries as a possible location, I think there are more in piggy banks. Someday a forum member here will post that while visiting their family they found the old piggy bank and cracked it open to find 2 cheerios sacs.....--Jerry

Did anybody here win this Cheerios dollar?

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