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
Back in early 2000, the U.S. Mint teamed up with General Mills to promote the newly released Sacagawea dollar coin. As part of this campaign, 5,500 specially produced 2000-P Sacagawea dollars were randomly placed inside Cheerios cereal boxes. These coins have a unique feature—an enhanced eagle tail feather design on the back—that sets them apart from regular coins. Collectors quickly gave them the nickname “Cheerios Dollars.”
Why Is the Cheerios Dollar Valuable?
The main reason the Cheerios Dollar is prized lies in its scarcity and distinctive design details. The enhanced tail feathers on the coin’s reverse were created using a different set of master dies than those for standard Sacagawea dollars. This subtle difference remained largely unknown for years, making the coins that still exist highly desirable among collectors.
Value and Market Demand
The price of a Cheerios Dollar depends largely on its condition and certification. Coins graded MS68 (Mint State 68) have sold for over $10,000, with some reaching as much as $11,500 at auctions. Their limited quantity, unique design, and fascinating backstory drive strong interest from numismatic enthusiasts.
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 the reverse side |
| Estimated Value | Up to $11,500, depending on condition |
The Hidden Treasure in Everyday Life
Finding a rare Cheerios Dollar inside a cereal box is a perfect example of how valuable items can appear where you least expect them. For collectors, the Cheerios Dollar represents a special piece of coin history, combining rarity, a unique design, and an interesting origin story. If you think you might own one, getting it professionally appraised could reveal a valuable surprise.
FAQs
What makes the Cheerios Dollar different from other Sacagawea dollars?
It has enhanced eagle tail feathers on the reverse, struck from different master dies.
How many Cheerios Dollars were released?
Approximately 5,500 coins were randomly inserted into Cheerios boxes.
What is the current value of a Cheerios Dollar?
High-grade coins have sold for between $10,000 and $11,500.
Where can I get my coin appraised?
Professional coin dealers or numismatic experts can provide certification and appraisal.