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One expensive Sacagawea...

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silverhawk View Drop Down
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    Posted: 24 Nov 2006 at 2:24pm
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twoshadows View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote twoshadows Quote  Post ReplyReply Direct Link To This Post Posted: 24 Nov 2006 at 3:11pm
While I would love to add one of these to my collection I would never pay that kind of money for this particular modern coin. I could buy a classic, or two, that would ALWAYS be a safe bet compared to this "risky" venture. One must always keep in mind some day you may want to sell and I am not so sure these will always hold the demand or interest they do now. Not to mention a ton of folks will bid on an item just to say they did and all they are doing is driving the price. And of course there are those who have friends running bids as well! I wouldn't want to get caught up in this!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote silverhawk Quote  Post ReplyReply Direct Link To This Post Posted: 25 Nov 2006 at 12:12am
I suspect a lot of these were put in circulation, and now very few MS ++ exist.. Just my 2-cents...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Starwarsfreak Quote  Post ReplyReply Direct Link To This Post Posted: 25 Nov 2006 at 2:31am
I kept my 2000 cheerios cent. Why would someone get it graded? Its not worth anything...

-Rob


Edited by Starwarsfreak - 25 Nov 2006 at 2:34am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote fitey8 Quote  Post ReplyReply Direct Link To This Post Posted: 27 Nov 2006 at 2:35am
I'm sorry, maybe I'm blind but how is the dollar a pattern, and why is the cheerio cent special?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Amanda Quote  Post ReplyReply Direct Link To This Post Posted: 27 Nov 2006 at 3:24am
Originally posted by fitey8 fitey8 wrote:

I'm sorry, maybe I'm blind but how is the dollar a pattern, and why is the cheerio cent special?


The Cheerios Cent and Dollar were part of a Millennium promotion by General Mills in late 99 early 2000 (This in itself is flawed, as the true Millennium occured in 2001, but whatever).

The auction pictures are not really good enough to see what makes the Cheerios Dollars special, but a good picture (which you can probably find Googling) will show you that the tail feathers on the reverses of these Sacagaweas have more detail than the regular business strike coins. The Cheerios Dollars were struck in 1999 so that GM could get them boxed and distributed properly (Interestingly enough, the REAL golden Sacagaweas(Judd-2190) sent into space were made from the same dies). By the time regular business strikings were produced in 2000, the dies had been reworked and the feather detail was lessend.

So, yes, they are patterns.

The Cheerios Cent is not necessarily a special type like the dollar is. This particular one happens to be a Wide AM variety, which I believe stems from proof dies being used for business strike coins. But that's another story entirely.

I think that this coin will hold its value... they were a special prize to begin with (everyone who got a Millennium box of Cheerios got a cent, but the dollar was far rarer) and many were probably not saved. So the uncovering of a large 'hoard' in non-numismatic hands is relatively unlikely, at least I would think so.

-Amanda
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justjohn View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote justjohn Quote  Post ReplyReply Direct Link To This Post Posted: 27 Nov 2006 at 2:24pm
The Cheerios Cent is where the idea of the first strike bs started since the
US Mint said they were from the first 10million cents struck.Now i could be wrong but now the mint says there no was of telling what a first strike is.Anyway who ever would pay that amount for a 6 yr old penny is nuts.I would be happy to sell him one thats 106 yrs old for the same price and put it in a box of Cheerios
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Post Options Post Options   Thanks (0) Thanks(0)   Quote fitey8 Quote  Post ReplyReply Direct Link To This Post Posted: 28 Nov 2006 at 2:46am
Boy, I wish I had held onto mine!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote BECOKA Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2006 at 4:27am
This might help clear things up. I actually prefer big time the detail on the left which happens to be the expensive cheerios variety.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote fitey8 Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2006 at 4:07pm
Wow, thats neat, I'll keep an eye out for them. But why are they selling for so much?

Edited by fitey8 - 01 Dec 2006 at 4:08pm
"Coin Collecting.... It's Better Than Having A Life!"
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Post Options Post Options   Thanks (0) Thanks(0)   Quote laxmaster92 Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2006 at 3:37am

They are selling for so much becuase there were not many that were saved.People spent them. They are different than other 2000 Sackies becuase of the tail feather.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote justjohn Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2006 at 7:16am
i went and looked at that auction Ithink its BS bidder has know history
4000.00 RIGHT .Don't believe  this ebay price or bidder are real
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Post Options Post Options   Thanks (0) Thanks(0)   Quote laxmaster92 Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2006 at 7:20am
Plenty of people bid on things with no feedback. Plus, you have to start somewhere.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote justjohn Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2006 at 7:21am
O and by the way the seller has never sold anything for any price.trying to test the market bet he/she have a few more 
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