Pop Report On Cheerios Dollars - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 7 / Views: 5,356
jack jeckel Pillar of the Community United States 5196 Posts	Posted 02/01/2014 9:35 pm Anyone know the number of slabbed 2000 P "Cheerios Dollar" variety Sac dollars? According to the PCGS website they claim they have only certified 9. I am curious how many of the 5,500 (or less since not all of them ended up with the variety) might still be out there. There's one on ebay now that appears to have the "die polish" diagnostic on the obverse but based on the sellers description is sounds like he did a lot of research in terms of his disclaimers of possibly not getting the pattern so I would have thought he would have spent the $25 getting it slabbed for guaranteed money. ebay coin Cheerios pattern dollar Report this Post to the Staff

basebal21 Bedrock of the Community 13014 Posts	Posted 02/01/2014 9:41 pm PCGS is showing a population of 63 for the Cheerios ones with MS 68 being the top pop. isn't this one of those things that has to be submitted in the packaging to get the designation? Report this Post to the Staff
jack jeckel Pillar of the Community United States 5196 Posts	Posted 02/01/2014 9:56 pm Quote: isn't this one of those things that has to be submitted in the packaging to get the designation? I think if you have one of the standard reverse coins in order to get the Cheerios designation on the slab it has to be submitted in the original packaging. If you have the pattern coin I would think they would slab it with the pattern designation. Edited by jack jeckel 02/01/2014 10:00 pm Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 02/01/2014 10:40 pm That would explain the two different versions that were showing in the pop report. Whichever one is the considered the FS version was responsible for over 50 of the ones PCGS has graded. Report this Post to the Staff
Duncan_Doenitz Valued Member United States 110 Posts	Posted 02/01/2014 11:37 pm Well there is a problem with these coins when they are still in the Cheerios packaging. When packaged, you can't see the reverse. But to know if you have the rare variety, with the "1999" reverse, you or a slabber would have to open the packaging. Obviously most of the 5,500 Cheerios packages were opened long before anyone knew the dollar coins inside could be a rare variety. Loose coins can still be identified and slabbed, but those still in original wrappers are a leg up, expected to be the rare ones and obviously never circulated. PCGS and NGC have both found "normal" dollars in Cheerios packaging, and consider them as having no premium. The "no premium" part is the dilemma. Do we as collectors collect coins, or do we collect the packaging? A scarce variety was offered only in Cheerios packaging, but a rare few of those packages contain common coins! So in an odd way, the common coin in a rare package becomes a scarce item - but the slabbers, probably correctly, attach no value to it and will not slab it as coming from a Cheerios promotion. That's probably a good thing because, if nothing else, it does not reward a crook who only has to duplicate the packaging to market a common coin as a rarity. -Duncan UPDATE BUT FROM AN EARLIER SOURCE: PCGS stated in 2008 that only the coins with the 1999 reverse would get the Cheerios designation when slabbed. I see that by 2008 NGC had slabbed at least one "normal" 2000 dollar as coming from a Cheerios cellophane package. Edited by Duncan_Doenitz 02/02/2014 12:00 am Report this Post to the Staff
SaintRidley Pillar of the Community United States 592 Posts	Posted 02/09/2014 2:12 pm There's a polish mark on the obverse of those with the 1999 reverse that is visible even in the packaging, Duncan. Add one more to the pop - I have one in the original packaging. Report this Post to the Staff
jack jeckel Pillar of the Community United States 5196 Posts	Posted 02/09/2014 9:23 pm For $7600 someone definitely was banking on it being a pattern dollar. Report this Post to the Staff
Duncan_Doenitz Valued Member United States 110 Posts	Posted 02/10/2014 3:09 pm SaintRidley, the first post in this thread shows the features of that obverse, with die marks that can be identified. With estimates of perhaps 100 Cheerios dollars with the Pattern Reverse discovered, that might be a large enough quantity to indicate that just that one particular obverse die was used to strike the original 5,500 Cheerios dollars. So that die is an extra diagnostic tool, but really its importance is in detecting fakes - to know that someone hasn't faked the packaging and inserted a "normal" dollar. But what do we know about the obverse die on the few "normal reverse" dollars in genuine Cheerios packaging? My own records were gathered from what was published back around 2008, and unfortunately that same early information seems to be what is still available online now. With so few of the "normal" coins identified as coming from Cheerios packaging, how can we draw any conclusions as to which die{s) might have been used when these additional dollars were pulled from regular production? Those normal coins were also from early in the production run, when the same obverse die might have been in use. We know the reverse die was modified for production reasons, but that doesn't mean the obverse die wasn't kept in regular use. There should be some information on the obverses of the few "normal" Cheerios dollars found, but if it's online I haven't seen it. It would be very helpful to know which obverse die(s) have been associated with that tiny population of dollars, especially if any of them shared the original die. In 2008 the experts felt that the only way to verify which reverse was on the Cheerios dollar was to open the package. Has that changed? -Duncan Report this Post to the Staff
	Replies: 7 / Views: 5,356

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Modern Coins

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.27 seconds to rattle this change.