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 Replies: 18 / Views: 3,808 |
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Pillar of the Community
United States
819 Posts |
I have heard that when the "gold" dollars first came out that some were inserted in boxes of Cheerios as a promotion and that these particular dollars have one less tail feather on the eagle....bringing a price of around $25k. anyone know any details on this, is it true, and has anyone ever found one "in the wild"? If this story is true, I don't think it is well known and maybe not even searched for. appreciate any input on this subject.  |
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Pillar of the Community
United States
621 Posts |
in 2000 to promote the new $1 coin the mint and cheerios teamed up and 5,500 were put into boxes of cheerios in addition to a 2000 cent that all the promotional boxes were to have put in them. interestingly enough I remember seeing the boxes and flipping it over and reading it to see what the odds were.
25k sounds kind of high to me, I cant afford them so don't follow the market actively but if I remember correctly last time I looked into it they were going in the 5k range.
yes, some of them are not from the same die and are normal.
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Moderator
 United States
56855 Posts |
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Moderator
United States
23522 Posts |
A CCF Google Search using the word "Cheerios" comes up with 10 pages of results. Both the Dollars and Cents get discussed pretty often around here.  |
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Bedrock of the Community
United States
17884 Posts |
Quote:
and has anyone ever found one "in the wild"? Yes, one piece has been found in a group of circulated pieces received from a bank. So there are probably others out there as well. But the chances of finding one are VERY slim. Even if all of the Cheerios dollars were the prototype rev, and ALL of them were dumped into circulation, and all you have to search through were the 2000 P dollar (The best possible odds), you would still expect to see one out of every 70 bags (140,000 coins). If you had to search through all the Sac dollars (not including the NA dollars) made for circulation you would have to search 130 bags (260,000 coins). Add in the NA and President dollars and you are probably looking at more than twice as many bags. And it gets even worse when you consider that not all the Cheerios dollars had the prototype rev, and not all of them were dumped into circulation. You would probably have to go through around 500 bags, a literal one in a million chance. (And all that assumes you never get the same coins twice.) |
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Pillar of the Community
United States
6130 Posts |
Out of 5,500, I think about 80 have been submitted for grading. The rest were either broken out and spent, or are still sitting in a closet somewhere.
The $25k figure is in line with articles I have read, but it's important to keep in mind that with a known population of fewer than 100, every additional Cheerios dollar put on the market will impact the value of all others--simple supply and demand.
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Valued Member
United States
470 Posts |
Edited by Andrew289
10/24/2014 3:11 pm
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Pillar of the Community
 United States
819 Posts |
WOW, Thanksz all for the ton if information, all very informative and useful...though it discourages me from an active search for one.
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Pillar of the Community
United States
4691 Posts |
Pretty esoteric. Not sure the scarcity justifies the price, as I can't see a large collector base. If my memory is correct, the Cheerios dollars have a different finish than the ones put in circulation. Once in a while an unopened box of these special Cheerios goes on sale on ebay, but the vast majority of them have only a Lincoln Cent in them instead of the dollar coin and the Lincoln is indistinguishable from the one put in circulation. Edited by jimbucks
10/24/2014 7:04 pm
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Pillar of the Community
United States
5195 Posts |
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If my memory is correct, the Cheerios dollars have a different finish than the ones put in circulation The Cheerios dollars had the standard finish. Some 2001 coins got out that had an "experimental rinse" http://www.coinfacts.com/silver_dol...al_rinse.htmEdited by jack jeckel
10/24/2014 8:39 pm
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Bedrock of the Community
United States
17884 Posts |
And the 5000 coins given to the designer also had a different finish (burnished)
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Pillar of the Community
United States
6130 Posts |
^^^ That was actually a genius move on her part. By having them all slabbed and numbered as part of a series, they sold like hotcakes at $200 each when they went up for auction. Prices on ebay are now in the $800 range per coin. All that, and the original intent was to write her a check for $5000 for winning the design contest. |
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Pillar of the Community
United States
2077 Posts |
I saw one go for $30 on ebay last year. It lasted maybe 15 minutes as a BIN. |
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Pillar of the Community
United States
592 Posts |
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Out of 5,500, I think about 80 have been submitted for grading. The rest were either broken out and spent, or are still sitting in a closet somewhere. I know mine's in a closet, with the rest of my collection. |
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Valued Member
United States
284 Posts |
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Out of 5,500, I think about 80 have been submitted for grading. The rest were either broken out and spent, or are still sitting in a closet somewhere. Let's update this thread. It's been years, where are they all? The total number of graded Cheerios dollars of all 3 TPG'ers doesn't come close to 5,500! |
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Pillar of the Community
United States
824 Posts |
I would imagine that a lot of them got taken out of the box of cereal
and spent right away.
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Replies: 18 / Views: 3,808 |
Posted 10/24/2014 08:18 am
