1999 Prototype 2000 P Sac. Dollar aka "Circulated Cheerios Dollar".

Take it out of that plastic shell and take some well-lit pictures of the tail feathers.

ALSO take a picture of the date and the part of the gown below the mint mark.

 

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I admit that being more centered in ancients, I don't always know what the popular, modern coin market is doing. "Cheerios Dollar" is not among the terms with which I am familiar.
Were these given out as premiums in boxes of Cheerios? Otherwise, what conceivable connection do they have? The tail feathers hardly look like any sort of familiar breakfast cereal on any of these... (well, maybe Niagara Falls Shredded Wheat biscuits?)

 

Exactly so. Most boxes had a 2000 cent, but one box in 2000 had a dollar coin, and one of every 4400 boxes had a certificate that you could exchange for 100 of the new dollar coins.

As it turned out, the $100 certificate was not the biggest prize, because the actual dollars included with the boxes were apparently mostly a prototype/pattern design. People didn't realize this until several years later, so presumably most of them simply got spent. Thus, the circulated "Cheerios dollar" examples.

 

With a Brillo pad

 

I'm not sold on this being legit. Color is off, theres tons of scratches, it's blurry, only one side shown and there's clear diagnostics on the obverse to tell if it is or isn't legit.

The detail on the wings look right, but its been highly abused.

 

Yup, we need even sharper photo of those tail feathers to verify somewhat...
Is there a reason you're posting such low resolution images?
Also you're close, but technically it's a "pattern coin".
It's no where near a 60 because it's clearly harshly cleaned, so without closeups as well as an obverse photo we might be assuming someone gave it some extra details and then smoothed it out...

If it's not just like this it's not it...

 

I was a little worried about that myself, but like you said, fuzzy pictures, and I don't know whether re-engraved Sacs have actually become an issue.

 

Though I don't remember reaching 25,000 coins, I searched through rolls of dollar coins for several years lookin for one of these, among other things. Never found diddly.

 

Considering that I've been searching since before the Cheerios Dollar showed up...
I think I do remember my brother and I convincing my Mom to get a couple boxes with the Cheerios Cents so that we could each get one. I don't remember why I wasn't able to get any, my brother was out of the country. My Mom bought a few boxes in Connecticut I believe, maybe NY somewhere.

The good old days...open the cereal... immediately plunge your arm into the bottom of the bag and get that prize!

 

Only thing I can remember getting from reaching the bottom of a cereal box is fat. still have that.

 

Technically, I don't think it will be attributed as a Cheerios dollar either unless submitted in the packaging. Will be attributed as FS-902. (FS-401, older FS)

Just saying I'd be skeptical if they didn't get it attributed and slabbed, and then claim it was found in circulation, searching 10 boxes of small dollars? it's a needle in a haystack search, many have tried many more small dollars than that and turned up empty, in the past 22 years, not saying it's not possible, just saying it's highly unlikely, and more likely to be shenanigans.

I don't like that there wasn't an obverse picture provided, and this picture is all we have to go on for the reverse.

I knew if I looked hard enough I'd find it.
https://www.ebay.com/itm/1253902848...=true&nordt=true&rt=nc&_trksid=p2047675.l2557

I think you got ripped off. I don't believe this coin would be graded as authentic based on both pictures of the ebay listing. I think it's going to get "tooled" and the circulation scratches were done to hide the tooling, way too much activity in the area on the obverse of the diemarkers for that to be "circulation wear" in that spot.

And yeah anything someone can take a dollar and get someone to pay $2K for it, there's opportunity for someone to scam. I am sure the seller would claim "wasn't me, it's how I found it, and it looked good to me!"

Rush it to where ever company you want, to get it authenticated and return it and cancel the payment with Ebay when they won't attribute it. it's worth $1 if nobody will authenticate it.

You have 30 days from receipt to know for sure, unless you just like paying $2K for something questionable that you might find out it's worth $1 later on.

If it's legit after authentication and they slab it, crack it out afterwards and use it for whatever you like, but that's a heck of a lot of money for some rando dude that doesn't even really sell coins on ebay with a 14 feedback and 2 negatives over the past 12 months. Dudes listings look like garage sale finds and nothing at all to do with coins.......

 

I have some Cheerios that are in between the image SpiritYoda gave. It is mostly flat except you can see some lines - at least from what I recall.

It's like the "full" image wiped mostly flat but not totally.
I may have to go rummage them out and take some pictures.

 

Wow. LOL. Really bossy people on this blog.

I will concede the grading will be less than MS 60. It has impressive fine details in the tailfeathers but otherwise is pretty beat up. It has an corrosion pit at 10 on observe. On the bright side, I have seen several Cheerio Dollars graded in high MS that has weaker tail feather detail than this one.

I am interested in your opinion of what a "World Class Cheerio Dollar and Penny Collection" would be. I am suggesting it would have at least one or more unopened original 1999 boxes, an unopened certificate with a penny, and one with both a penny and a dollar. It should also have a $100 certificate, a circulated prototype dollar. Of course, it should have various slabbed dollars and pennies including the top pop of both the penny and the dollar.

Eventually these circulated Cheerio Dollars will be recognized as a "2000 P Circulated 1999 Prototype Sac. $1" or something to that effect. I may not live to see it but maybe my kids will.

By the way, the Cheerios Boxes state you can own one of the first 10 million pennies, indicating only 10 million boxes. It also states one in 2000 boxes will contain a Dollar. Using old school math, 10 million divided by 2000 equals 5000 dollars not 5500 as is widely stated

 

If I remember properly 500 were given to the designer

 

yup, as payment for her services

 

Glenna Goodacre received 5000 as payment but none were 1999 prototype fine detailed tailfeathers. I have two non detailed Sac. $1 signed by her.

 

I have one of the original cereal boxes. The fine print on the contest rules say that the chances of winning one of the First Prizes is "approximately one in two thousand," not exactly one in two thousand. Else where it says that there are 5,500 First Prizes.

 

As to your new photographs, I think that you should submit the piece to ANACS to see what they say.

 

I don't get it. The tail feathers are OBVIOUSLY not smooth yet no one will pull the trigger. I believe the OP has a genuine Cheerios $!

The OP probably paid full value for what he got.

PS I think CaptHenway may have been the person who discovered these coins.

 

100%...it's nearly wizzed lol!
But still without a sharp photo of that tail (at this point just hold a magnifying glass over it and snap a sharp close up photo already!!!) I can't even guess whether it's legit or tooled...?