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Cheerios Dollar

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Sacagawea Cheerios Dollar Pattern

The Cheerios Dollar reverse with enhanced tail-feathers is on top; a normal reverse is on the bottom.

Photo courtesy of NGC.
Definition: A Cheerios Dollar is a Sacagawea Dollar bearing the date 2000 that was inserted into a Cheerios cereal box in early 2000 as part of a U.S. Mint promotion to raise awareness about the new Golden Dollar. A total of 10 million boxes of Cheerios were involved in the promotion, all of which included a newly-struck 2000 Lincoln Cent. A lucky 5,500 boxes also included a Sacagawea Dollar, which was later discovered to have been struck from a different set of master dies than the normal Sacagawea Dollars. These rare coins, which quickly gained the moniker Cheerios Dollars, are considered to be pattern coins by most collectors. They can be distinguished from normal Sacagawea Dollars by the enhanced eagle tail-feathers on the reverse (see photo.) Very few specimens have come to light, perhaps no more than 60 or 70 total, and they are quite valuable, selling for $5,000 to $25,000 depending on grade.

It was later discovered that not all of the Sacagawea Dollars that were placed in the Cheerios boxes have the enhanced tail-feathers, as originally thought. For more information, see: Sacagawea Cheerios Pattern Rarer Than We Thought?
Examples:
Nobody knows why so few Cheerios Dollars have come to light; some people think they were all spent into circulation, while others think that they're just sitting in people's drawers and coin jars, waiting to be discovered.

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