The Cheerios Dollar
A Cheerios Dollar is a sacagawea dollar bearing the date 2000 that was inserted into boxes of Cheerios cereal in early on 2000 as function of a U.S. Mint forwarding to raise awareness about the new “ fortunate dollar. ” A total of 10 million boxes of Cheerios in the forwarding, all of which included a newly-struck 2000 Lincoln Cent. A golden 5,500 boxes besides contained a Sacagawea Dollar, which was subsequently discovered to have been struck from a unlike set of headmaster dies the regular Sacagawea Dollars .
These rare coins, which cursorily gained the nickname Cheerios Dollars, are considered to be model coins by most collectors. They can be distinguished from standard Sacagawea Dollars by the enhance eagle tail feathers on the inverse ( see photograph. ) identical few specimens have come to light, possibly no more than 60 or 70 sum, and they are quite valuable, selling for $ 5,000 to $ 25,000 depending on grade. Numismatic researchers subsequently discovered that not all of the Sacajawea dollars that were placed in the boxes have the enhance dock feathers as initially thought.
How many Cheerio Dollars Are There ?
Some years ago, some experts from a third-party scaling service opened a seal box of Cheerios that contained the Sacajawea dollar. however, the dollar contained within the software was a regular Sacajawea dollar without the enhance tail feathers. The grain box appeared to be authentic, and There was no evidence that anybody tampered with the tease carrying the Sacajawea dollar. therefore, it is impossible to know precisely how many boxes of Cheerios contained a Sacajawea dollar with the enhance tail feathers .
According to an official statement from the United States Mint that was released on June 17, 2007 by spokeswoman Joyce Harris : “ 5,500 Golden Dollars of a ‘ high detail ’ feather kind ( 12 chase feathers ) were manufactured and shipped to General Mills as part of the Golden Dollar promotion in October 1999, under a detailed arrangement that they not be released until January 2000. Prior to manufacturing the coins for release to the Federal Reserve in 2000, the feather detail was softened and the center tail feather was recessed to solve a die manufacture issue. Recessing the center dock feather gives the magic trick of a 13th feather, but that was not the intent. ”
Why Are They sol valuable ?
As coin collectors started to assemble accomplished sets of Sacajawea dollars, they realized that there were two different varieties of the 2000 Sacajawea mint. They were first listed in the sixtieth Edition ( 2007 ) of A Guide Book of United States Coins ( aka “ The Redbook “ ) by R. S. Yeoman. They are besides listed in the Cherrypickers ‘ Guide To Rare Die Varieties Of United States Coins, Fourth Edition book II, by Bill Fivaz & J. T. Stanton. Fivaz and Stanton describe the coin as “ Enhanced Reverse Die ” and gave it a catalogue numeral of FS-C1-2000P-901 .
Since the number of acknowledge specimens is thus few, an advance collector seeking to assemble a complete set of Sacajawea dollars, including all die varieties, will need one of these coins to complete their collection .
Closing Thoughts
cipher knows why so few Cheerios Dollars have come to alight ; some people think they were all spent into circulation, while others believe that they ‘re just sitting in people ‘s drawers and mint jars, waiting to be discovered .
regardless of the hypotheses that are circulating in numismatics, people are still discovering specimens. Some people have found them in “ dealers trash boxes, ” and others have been found in circulation. so far PCGS has certified 107 examples and NGC has merely certified two specimens. The highest price ever paid for a Cheerios dollar was $ 29,900 for a PCGS MS-68 specimen in the May 2008 Heritage Auction in Long Beach, California at the Signature Auction # 1108 .
now that you know what to look for, you should be looking at every 2000 Sacajawea dollar that you come across. Since there are dealers that are not familiar with this rare die diverseness, you should besides ask to see their Sacajawea dollar specimens. You never know what you will find .
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