Well, what may not seem like much of a difference became a big difference because all U.S. coins that vary from the original mass-produced strike are exciting and important news to collectors. And because only 5,500 of these Sacagawea dollar coins have the variant (over a billion coins were produced by the U.S. Mint), they are considered rare, and that makes them valuable.
Most of the coins were taken from the cereal boxes and used as common currency to purchase candy, drinks or snacks and became part of the general circulation, whereas others were just tossed and lost. It’s estimated that fewer than 800 of these Cheerios dollars are accounted for. In 2007, a mint-condition Cheerios dollar was auctioned for $11,500. Today, some nine years later, collectors estimate that the rare Sacagawea Cheerios dollar could auction for between $22,000 and $30,000. And if the lucky stiffs who got a certificate for 100 Cheerios dollars kept their coins, they’d be worth between $2.2 million and $3 million.
Malcolm Berko addresses questions about stocks. Reach him at P.O. Box 8303, Largo, FL 33775 or email@example.com.