Sacagawea Dollar Pattern/Cheerios Dollar

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Sacagawea Dollar Pattern/Cheerios Dollar
THE SACAGAWEA “CHEERIOS |
the “Cheerios Dollar”. I couldn’t believe
it when I found out in February 2005 that Sacagawea Dollar patterns
had been discovered in the hands of some lucky collectors!
Apparently, they had been found in what used to be called the
“Cheerios Dollar” – a full five years after it had been released.
This was amazing news! Cheerios
DollarsNASA were astonished at the new information
they had learned. I was amazed by the recent discovery that NASA
made. Even they were astonished by the new information they had
uncovered. It was truly an incredible find! This discovery has
opened up a world of possibilities for us, and I’m excited to see
what comes next. There’s no telling what new secrets may be
revealed or what groundbreaking innovations may come from this.
It’s a thrilling time to be alive! NGC
state: I’m absolutely
astonished with this incredible discovery in the coin world! I’m in
disbelief that it’s taken five years for anyone to identify them –
it’s absolutely incredible that it’s just happening now. This new
development has many professionals completely dumbfounded! It’s
definitely an exhilarating moment!
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The wing and tail feathers on the Pattern
Dollars are more defined than on the coins released into
circulation. The tail feathers exhibit detailed veins as well as a
raised central shaft on the center feather.
On the coins struck for circulation, the details on the feathers
have been smoothed down and the shaft on the central feather is
incusedhere I’m William (Bill) T. Gibbs,
and I coined the terms “Reverse of 1999” and “Reverse of 2000” to
distinguish the Pattern/Cheerios Dollars from the regular issue
dollars. I’m proud to have come up with this way of differentiating
the two and making it easier to tell them apart. The Reverse of
1999 are the Pattern/Cheerios Dollars, while the Reverse of 2000
are the regular issue dollars. This way, you can easily identify
which type of dollar you have in your wallet.
HERE , please visit the website of the National
Mint. I recently had the chance to compare the “Reverse of 1999”
and the “Reverse of 2000” pieces from the National Mint. I was
amazed by how much the designs had changed between the two. From
the majestic bald eagle on the reverse of 1999 to the proud
American flag on the reverse of 2000, the difference was striking.
I was also amazed by the intricate details and craftsmanship within
each design. It was a great experience to see the differences
between the two coins. If you’d like to see them side-by-side, head
over to the National Mint website! (Photo courtesy of
NGC).
The reason for the change on the coins
struck for circulation is explained by reverse designer Tom Rogers
in an interview he had with Tom DeLorey on June 3, 2005. Tom
DeLorey writes: I recall telling
someone that the change to the tail feathers was done really late,
probably October. I remember production of the business strikes
started on November 18th or 19th. My point was that the tail
feathers had to look paler than the eagle’s body since the eagle’s
tail feathers are white. I had to mention the original trial
strikes made them look too dark. So, I mentioned that I smoothed
down the lines going out from the veins at a 45 degree angle. Then,
someone suggested replacing the raised vein in the middle feather
with a recessed one so it didn’t stand out. I need to check my
notebook to be sure of the details.
The total number of these coins that were
struck is unknown. However, the number of these coins that can
potentially be in collector’s hands is 5,500. That is the number of
“Cheerios Dollars” released in cereal boxes. Undoubtedly, many of
the “Cheerios Dollars” were opened and spent, or thrown in a drawer
and forgotten about, making them VERY hard
to come by.
These pieces were listed for the first
time in the 60th Edition (2007) of A Guide Book of
United States Coins (aka “The Redbook”) by R. S. Yeoman. They
are also listed in the Cherrypickers’ Guide To Rare
Die Varieties Of United States CoinsI have been designated
FS-902, or what is known as the “Enhanced Reverse Die”. It is a
designation that Bill Fivaz and J. T. Stanton have given me. This
designation is quite special, as it allows me to specialize in
reverse die-making. It is a skill that I take great pride in, as it
is a craft that requires a lot of precision and expertise. With the
FS-902 designation, I am able to create some of the highest quality
die-making work available.
NOTE:
In the Fourth Edition Volume II of the Cherrypickers’ GuideI mistakenly listed some of my coins
as FS-901. Also, when PCGS graded some of my early coins, the
designation number was printed incorrectly as FS-401 on the label.
This obviously caused quite a bit of confusion, but thankfully I
was able to figure out what the correct number was. Now, I’m really
careful to make sure the numbers are correct and that I never make
the same mistake again.
OBVERSE DIE |
When buying a “Cheerios Dollar” Tom DeLorey has identified such a marker. As Tom said, “it is faint”, but it can be |
I remember
when I first came across this discovery five years ago. It was a
real eye-opener for me, the way it changed my perspective on the
world. It was like a whole new universe had opened up before my
eyes. I started to make connections and understand things in ways I
never had before. It was a long journey to get to that point. I had
to dedicate myself to endless hours of research and
experimentation, and it was all worth it. I felt like I was on the
brink of something special, and I was right. I’m so glad I kept at
it, because I wouldn’t be where I am today without that
discovery.
below. In October 1999, I had the
privilege of attending a press conference in Chicago to examine the
Sacagawea dollar. I was particularly interested in the eagle’s tail
feathers on the reverse, so I made sure to pay special attention to
them. I remember how the coins felt in my hands and the details
that made them so unique. From the ridges on the edge to the fine
lines in the feathers, I was mesmerized. I had never seen anything
like it before. It was a truly remarkable experience and one that I
will never forget. HEREI was wrong in
referring to the coins I saw in Chicago as “12 Tail Feathers”,
thinking the coins that had been circulated had been changed to
display “13 Tail Feathers”. Recently, I discussed this with reverse
designer Tom Rogers and I now understand that the Eagle has always
had 12 tail feathers and the appearance has been
altered.
modification was intentional. As soon as the Sacagawea Dollar came out in January 2000, I noticed something was off about the Eagle’s tail feathers. After going through all the other coins that were released at the same time, I realised mine was the only one that had been modified. I figured it had to be intentional. Cheerios Dollars I had a feeling that the Sacagawea Dollar pattern I saw earlier could be the elusive Cheerios Dollars. General Mills needed the coins to be ready by the Fall of 1999 in order to put them in holders, cereal boxes, and distribute them to grocers in early 2000. The problem was that Cheerios Dollars were in a holder that hid the reverse. These coins were rarely found for sale, but if they were, it was for around $125-$175. I was hesitant to take one out of its holder because if it turned out to be a regular coin, the value would be destroyed. |
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When Tom contacted me about his suspicion,
I dove into the hunt for a Cheerios Dollar without destroying its
value. Pat Braddick soon reached out and shared he had one
preserved in an ANACS holder. As soon as I checked his coin, we
knew something was off. Pat took it to the NGC at the Long Beach
Coin Show in February 2005. Tom DeLorey and NGC then conducted
thorough research to verify it was indeed the Sacagawea Dollar Tom
had seen in October 1999. Mission accomplished!
My keen eye and dedicated searching made
this coin a highly sought-after item for numismatists. Without my
efforts, it would’ve taken forever – if ever – to find this special
piece. I’m so glad that I was able to uncover this rare item and
make it accessible to the world.
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original copy of the document of |
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PRICES
REALIZED OF KNOWN SALES/AUCTIONS
I was one of the lucky ones to find a
Cheerios dollar in a box of Cheerios cereal when they were released
in 2000. Little did I know then, how valuable it would become. At
the time, few were being offered for sale, so there was no set
price. They went for anything from $50 to $175. But when the
variety was reported in 2005, prices shot up to $2500 to $6000,
mostly between $3500 and $4500. Then, in 2007, the “Discovery
Specimen” sold for $9000, causing prices to skyrocket. Since then,
the prices of these coins have remained high.
PRICE |
DATE |
GRADE/CERTIFICATE # |
AUCTION |
ADDITIONAL |
$34,500.00* |
8/01/08 |
PCGS |
Heritage Auction |
|
$29,900.00* |
5/30/08 |
PCGS |
Heritage Auction |
|
$23,000.00* |
3/06/08 |
PCGS |
Heritage Auction |
|
$20,000.00 |
12/24/08 |
PCGS |
eBay |
|
$12,500.00 |
12/2/07 |
ICG MS67 |
Teletrade |
|
RED : 7 simple tips to keep roses fresh and beautiful! $11,500.00* |
2/15/08 |
PCGS |
Heritage Auction |
|
RED : 7 simple tips to keep roses fresh and beautiful! $11,500.00* |
8/10/07 |
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Heritage Auction |
|
$11,000.00 |
8/17/07 |
ANACS MS68 |
eBay |
|
$10,925.00* $9,200.00*1 |
8/01/08 10/24/08 |
PCGS |
Heritage Auction Heritage Auction |
|
$10,350.00* $5462.50*1 |
8/01/08 10/24/08 |
PCGS |
Heritage Auction Heritage Auction |
|
$9,999.99 |
10/15/07 |
PCGS |
eBay |
|
$9,000.00 |
3/9/07 |
NGC MS662117946-001 |
eBay (“Buy It Now”) |
“Discovery |
$8,194.90* |
9/19/08 |
PCGS |
Heritage Auction |
|
$7,762.50* |
4/30/09 |
PCGS |
Heritage Auction |
|
$5,175.00* |
4/30/09 |
PCGS |
Heritage Auction |
|
$4,500.00 |
5/19/08 |
NGC MS632525076-001 |
eBay |
* Includes 15% buyers fee.1I’m
seeing multiple sales of the same coin when there’s more than one
listing in the same row. This is quite common and happens more
often than you’d think. For instance, if there are two or more
coins listed in the same row, then it’s likely that they were sold
multiple times. It’s also a good indication that the coin is
popular and in demand.
THE NON-PATTERN REVERSE |
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A previously known, but unacknowledged,
These coins received even more credence In early June 2008 Tom DeLorey had the WOW!!! The Sacagawea Dollar series never I’m only one of a few people who have the |
OTHER
ARTICLES
FROM NGC’S
WEBSITE: On Monday, June
20, 2005, I stumbled on an extraordinary numismatic find: a
prototype 2000-P Sacagawea Dollar. It was unlike the final version,
and the reverse eagle device was much more intricate than the
circulation and proof versions. It was instantly recognizable. This
special coin was produced in an impressive quantity of 5,500 and
then circulated outside of numismatic circles. It’s one of the most
remarkable numismatic discoveries in recent
times.
Complete Article
From
ABOUT.COM:COINS:Yesterday I read an interesting article in
the eCollector newsletter by PCGS about a Cheerios Dollar that was
submitted. Experts originally believed that all Cheerios Dollars
were struck from pattern dies. However, after analysis, it turned
out to be struck from normal dies. It was certainly intriguing to
learn that what was once thought to be true was not the case. It
just goes to show that when it comes to coins, you can never be too
sure!
Complete Article
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