The Cheerios Dollar Coin, also known as the 2000-P Sacagawea Dollar, is one of the most sought-after coins in the numismatic world. Originally distributed as part of a Cheerios promotion, this coin has unique features that distinguish it from standard Sacagawea dollars, making it a rare and valuable collectible.
What Is the Cheerios Dollar Coin?
In 2000, General Mills included one Sacagawea dollar in every 2,000 boxes of Cheerios cereal to promote the new golden dollar coin. While most of these coins were standard, some were struck with a special high-relief design. These rare coins are now known as Cheerios Dollars.
Key Features of the Cheerios Dollar Coin
To identify a Cheerios Dollar Coin, look for these characteristics:
1. High-Relief Tail Feathers
- The eagle on the reverse side of the Cheerios Dollar has detailed and sharply defined tail feathers.
- Regular Sacagawea dollars have smoother and less intricate tail feather designs.
2. Date and Mint Mark
- The coin bears the year 2000 with a P mint mark, indicating it was minted in Philadelphia.
3. Original Packaging
- Cheerios Dollars were distributed in special packaging that reads “Cheerios” on the front. Coins still in their original packaging are significantly more valuable.
Steps to Identify a Cheerios Dollar Coin
Step 1: Examine the Reverse Design
Using a magnifying glass or loupe, inspect the eagle’s tail feathers. Look for the distinct, detailed lines characteristic of the Cheerios Dollar.
Step 2: Check for Packaging
If the coin is still in its original Cheerios-branded packaging, it is almost certainly authentic. Be cautious of counterfeit packaging.
Step 3: Consult a Coin Expert
If you believe you have a Cheerios Dollar but need confirmation, consult a professional coin grader or appraiser.
Value of Cheerios Dollar Coins
| Condition | Estimated Value Range |
|---|---|
| Cheerios Dollar in Package | $5,000 to $7,000+ |
| Cheerios Dollar (Loose) | $3,000 to $5,000+ |
| Regular 2000-P Dollar | Face value to a few dollars |
The value of a Cheerios Dollar depends on its condition and whether it remains in its original packaging.
Conclusion
The Cheerios Dollar Coin is a fascinating piece of numismatic history. With its unique design and rarity, it is a prized possession for collectors. By carefully examining the coin’s features and packaging, you can identify if you have one of these valuable coins. Don’t overlook your collection—you might be holding a treasure worth thousands!
FAQs
1. Why are Cheerios Dollars valuable?
The unique high-relief tail feather design and their limited distribution make Cheerios Dollars rare and desirable.
2. How many Cheerios Dollars exist?
Out of the original 5,500 distributed, it’s believed that only a small percentage have been identified as Cheerios Dollars.
3. Are all 2000-P Sacagawea Dollars Cheerios Dollars?
No, most 2000-P Sacagawea Dollars are regular coins. Only those with the detailed tail feathers are Cheerios Dollars.
4. Can I still find Cheerios Dollars in circulation?
It’s highly unlikely, as most Cheerios Dollars have been identified and removed from circulation.
5. How can I sell a Cheerios Dollar?
You can sell a Cheerios Dollar at auctions, coin shows, or through reputable coin dealers.