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Why is the Cheerios $ so pricey?
NewParadigm
Posts: 1,322
Why is the cheerios dollar so expensive? Rare?
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<< <i>They had a specially prepared planchette if I remember right and that gave them a different surface. >>
You're thinking of a different SAC.
Russ, NCNE
Although rarely mentioned, the wings also have far more detail.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>They had a specially prepared planchette if I remember right and that gave them a different surface. >>
Wrong. Different design details.
In August 2008, a MS68 sold for $34,500 with Heritage. In August 2010, a MS 68 sold for $5750.
Other grades have shown a similar rise and fall. A premium should eventually develop for those still in their original wrapper.
some of the Cheerios dollars are not the special design (many consider a pattern, others consider a variety)
took a few years until our own BRADDICK noticed the different detail on the reverse - actually a different design, than regular circulation strikes
of the 10K max minted, many were spent on candy or still sit in non-collectors dressers/collections of odd-ball stuff
not sure of total certified by TPGs, but would guess in the low hundreds, making them rather rare by current coinage standards
<< <i>Why is the cheerios dollar so expensive? Rare? >>
According to smalldollars.com there were only 5,500 of them released.
I'd agree with that logic for most moderns. But not for the Cheerios Dollar, because you can't be sure it's the right variety when it's in the original wrapper.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>only 10K maximum minted, delivered through General Mills in Cheerios boxes with free giveaway, along with 100,000 (or was it a million?) cents
some of the Cheerios dollars are not the special design (many consider a pattern, others consider a variety)
took a few years until our own BRADDICK noticed the different detail on the reverse - actually a different design, than regular circulation strikes
of the 10K max minted, many were spent on candy or still sit in non-collectors dressers/collections of odd-ball stuff
not sure of total certified by TPGs, but would guess in the low hundreds, making them rather rare by current coinage standards >>
I thought their were only 5,500 minted.
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<< <i>
took a few years until our own BRADDICK noticed the different detail on the reverse - actually a different design, than regular circulation strikes >>
Cool! I didn't know he discovered it!
<< <i>
<< <i>
took a few years until our own BRADDICK noticed the different detail on the reverse - actually a different design, than regular circulation strikes >>
Cool! I didn't know he discovered it!
He discovered the physical coin that confirmed my previous written report that the Mint had made a change in the reverse design.
See www.smalldollars.com
TD
<< <i>
<< <i>Why is the cheerios dollar so expensive? Rare? >>
According to smalldollars.com there were only 5,500 of them released. >>
and much much lower number in numismatic hands. --Jerry
...i don't have one of those fine sacs at all-----------------------but i have a garage filled to the roof of cheerios!!
a lot of money so some were just lost track of and even ended up in the gar-
bage. Some cereal passes out of code and is destroyed.
Very few of these coins are available at all but they literally keep coming out
of the woodwork. There are probably trhousands in circulation but unless the
dollar ever actally circulates most of these might never be found.
<< <i>Not so expensive now when you consider the price history. There was a price run up after the discovery.
In August 2008, a MS68 sold for $34,500 with Heritage. In August 2010, a MS 68 sold for $5750.
Other grades have shown a similar rise and fall. A premium should eventually develop for those still in their original wrapper. >>
I believe that the price drop can be directly related to MS68 population increases which in not uncommon.
As for rarity, right now, I would consider them rare given the populations and the fact that its been established that not all the coin in the Cheerios packaging are actually the pattern coin.
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