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NGC Graded 2000 Cheerios Lincoln Memorial Cent Brings More Than $4,000 At Greatcollections

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 Posted 03/03/2024  5:35 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list
Wonder how many ended up in land fill as partially consumed boxes were tossed into the garbage...
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 Posted 03/03/2024  5:56 pm  Show Profile   Bookmark this reply Add I6609 to your friends list
I think to get the ( WAM) designation you have to send it in still in the sealed cheerios bag it came in . And hope probably not a good gamble .
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 Posted 03/03/2024  6:33 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list

Quote:
And hope probably not a good gamble.

I guess it's a good thing that most gamblers are terrible at math. Otherwise the TPGs would have much smaller inflows of product, and probably have to charge higher fees to their remaining customers.

If the law of averages held sway, then at some level, the game becomes a calculated risk with acceptable losses against a relatively certain occasional big payout. Lots of real businesses are structured that way.
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 Posted 03/03/2024  7:09 pm  Show Profile   Bookmark this reply Add SamCoin to your friends list
Frankly, anyone who pays over face for the Memorial cent is an idiot. It's completely normal aside from the fact that it came in a box of cheerios. Only the Sacagewea is interesting.
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 Posted 03/03/2024  7:21 pm  Show Profile   Check -makecents-'s eBay Listings Bookmark this reply Add -makecents- to your friends list
Wooooohoooo!
-makecents-
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 Posted 03/03/2024  7:53 pm  Show Profile   Bookmark this reply Add nickelsearcher to your friends list
Crazy indeed - that is a completely normal LMC except it came out of a box of cereal.
Take a look at my other hobby ... http://www.jk-dk.art
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 Posted 03/03/2024  8:19 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list
So they used the first 10 million minted....wooohoooo!

NGC-Graded-2000-Cheerios-Lincoln-Memorial-Cent-Brings-More-Than-$4,000-At-Greatcollections


Quote:
I had no idea that the cent was that valuable

only top grade as usual...most are not.


Quote:
I think to get the ( WAM) designation you have to send it in still in the sealed cheerios bag it came in . And hope probably not a good gamble .


Yes, if they havent been removed from the holders you can't see the back so no real way to see if its a WAM unless you remove. Therefore you would have to send in to both be verified as cheerios on label, and to check for WAM if they check for that also but have no idea if they do or not. A very high grade cheerios WAM would be very interesting considering the rarity of the 1999 WAM. If removed from packaging otherwise its same as other 2000 cents and can't tell apart.


Quote:
Wonder how many ended up in land fill as partially consumed boxes were tossed into the garbage...

Im sure quite a lot of them, there were 10 MILLION so regardless its never going to be rare and plenty out there to look through, but apparently finding the top condition among them and getting it verified as that condition by a TPG may be worthwhile if you can get thousand plus for it. Take a look at the census of course as sometimes if only a couple are the top grade its very unlikely you will find another in such high grade.

Edited by datadragon
03/03/2024 11:01 pm
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 Posted 03/03/2024  10:55 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list
That's crazy!
Errers and Varietys.
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 Posted 03/03/2024  11:25 pm  Show Profile   Check tropicalbats's eBay Listings Bookmark this reply Add tropicalbats to your friends list
I wonder if ANACS would label my Payday nickels?
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 Posted 03/04/2024  12:24 pm  Show Profile   Check datadragon's eBay Listings Bookmark this reply Add datadragon to your friends list

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A quick check in ebay, no ms69's but there are 4 ms68 there going for just over 3 grand


Sold or just listed as? Obviously things get listed for prices they may never sell for as you know. The finest grade certified for a 2000 Cheerios Cent is MS68RD before this. In this condition, they could bring in as much as $3,500 to $3,725. Stack's Bowers sold one example described as "virtually pristine" with smooth fields and sharp details in May 2019 for $3,600. So its not new just again is the very top condition which usually is rare find compared to lower conditions when values go up like that. Good luck on the hunt I would sell however with 10 million as more will likely turn up eventually.
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 Posted 03/04/2024  1:02 pm  Show Profile   Bookmark this reply Add Dearborn to your friends list

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Sold or just listed as?


Just listed - I was on my phone looking around - I'll check later on the sold listings.
Edited by Dearborn
03/04/2024 1:03 pm
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 Posted 03/04/2024  7:23 pm  Show Profile   Bookmark this reply Add Cujohn to your friends list
Rarity is the seller. There are only 3 cheerio's NGC MS 69s. Top on regular 2000 is 68.
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