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

That is just crazy. I'd rather spend my dough on some gold coins instead of this crap.

Its all about the condition. You can check census in general on modern coins of how many are graded in a particular grade and note that in most cases its only the very top grade (or two max) with moderns that tend to have graded values that are higher than cost of grading fees while the other lower grades all tend to be equal or less than the cost of grading. So its a form of gambling, but there are likely many out there but few want to pay the grading fee game when its only the rare top grade that win.

Most coins that are freshly struck for circulation are not perfect to begin with, and the process of ejecting the coin from the press and feeding it into a large bag of other cents puts it in constant contact with other coins. This will inevitably impart scratches and other imperfections onto a coin's surface, limiting its potential grade.

Most of the coins actually are nothing more than ordinary 2000-dated Philadelphia cents. In fact, the only way to differentiate them is the promotional packaging. Therefore, while the third-party grading companies do have a special designation "Cheerios" cents and dollars, the coins must be submitted sealed inside the original packaging to qualify. But similar to others like congratulations set american silver eagles only those that have the packaging can even qualify limiting the total.

Around one million or 10% of the "Cheerios" cents can be identified as Wide AM Reverse varieties, with the letters "AM" in "AMERICA" placed farther apart than the standard type. This means that these coins were struck using a Proof reverse die. However, in order to identify this variety, the coin would need to be removed from the original packaging and would therefore not be eligible to receive the "Cheerios Promotion" designation.

I can sense it now, here comes the .... "Your Coin Can Be Worth Up To $4,000 If It Has This Unique Feature" article, written by a self professed numismatic tiktok expert that will undoubtedly fail to mention the coin is MS69. Everybody that reads the article, will look for any 2000 cent & (comment) thinking they have the $4k coin. Then immediately go to ebay & try to sell their road rash Denver LMC for thousands of $$$$.

Such insanity.

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 .

I had no idea that the cent was that valuable

Wooooohoooo!

So they used the first 10 million minted....wooohoooo!





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




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.



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.