In an extraordinary turn of events, a young boy’s routine breakfast led to the discovery of a rare coin worth over $10,000.
While enjoying his morning cereal, he found a 2000-P Sacagawea dollar coin nestled inside the box—a coin now known among collectors as the “Cheerios Dollar.”
The Cheerios Dollar: A Rare Collectible
In early 2000, the U.S. Mint partnered with General Mills to promote the new Sacagawea dollar coin. As part of this promotion, 5,500 specially minted 2000-P Sacagawea dollars were randomly inserted into boxes of Cheerios cereal.
These coins featured an enhanced eagle tail feather design on the reverse side, distinguishing them from regular circulation coins. Collectors quickly dubbed these unique coins the “Cheerios Dollars.”
Why Is the Cheerios Dollar Valuable?
The value of the Cheerios Dollar lies in its rarity and distinctive design. The enhanced tail feathers on the reverse side were struck from a different set of master dies than those used for regular Sacagawea dollars.
This subtle design variation was not widely known until years after the promotion, making surviving examples highly sought after by collectors.
Value and Market Demand
The market value of a Cheerios Dollar varies based on its condition and certification. Coins graded MS68 (Mint State 68) have fetched prices upwards of $10,000, with some examples selling for $11,500 at auction.
The combination of limited mintage, unique design, and the story behind their distribution contributes to their high demand among numismatists.
Key Details of the Cheerios Dollar
| Feature | Description |
|---|---|
| Year of Issue | 2000 |
| Mint Mark | P (Philadelphia) |
| Total Distributed | 5,500 coins |
| Distinctive Feature | Enhanced eagle tail feathers on reverse side |
| Estimated Value | Up to $11,500, depending on condition |
The discovery of a rare Cheerios Dollar in a cereal box serves as a reminder that valuable treasures can be found in the most unexpected places.
For collectors and enthusiasts, the Cheerios Dollar represents a unique piece of numismatic history, combining rarity, distinctive design, and an intriguing backstory.
If you believe you possess one of these coins, seeking professional appraisal could unveil a significant hidden value.
FAQs
How can I identify a Cheerios Dollar?
Look for a 2000-P Sacagawea dollar with enhanced tail feathers on the reverse side. Certification by a professional grading service can confirm its authenticity.
Are all Sacagawea dollars from 2000 valuable?
No, only the 5,500 coins with the enhanced tail feather design, known as Cheerios Dollars, hold significant value.
What should I do if I think I have a Cheerios Dollar?
Consult with a reputable coin dealer or submit the coin to a professional grading service for evaluation and certification.