A Simple Coin in Your Pocket Could Be Worth a Fortune
A regular-looking coin you carry around might be hiding a major secret. The Sacagawea dollar, introduced in 2000, is commonly seen across the United States. Most of these gold-toned coins are only worth their face value, but there’s a rare type that has collectors extremely excited.
Known as the “Cheerios Dollar,” this version of the Sacagawea coin can sell for as much as $1.4 million. Its rarity and backstory make it a hidden treasure waiting to be discovered.
The Cheerios Dollar Story
Back in 2000, the U.S. Mint joined forces with General Mills to promote the new Sacagawea dollar. As part of a marketing campaign, 5,500 special coins were included in boxes of Cheerios cereal. These weren’t ordinary coins—they featured a slightly different design on the reverse side.
The eagle on the back had what is now called “Enhanced Tail Feathers,” which had more pronounced and detailed feather lines. This design difference makes the Cheerios Dollar unique. Only a small number have been identified, boosting their value in the coin collecting world.
Why It’s So Valuable
The value of the Cheerios Dollar comes from its extreme scarcity. Out of the millions of Sacagawea dollars produced, only around 70 have been confirmed as part of the original cereal box promotion. Collectors are drawn to coins with unusual histories and rare features.
With its limited distribution, promotional tie-in, and distinct eagle design, the Cheerios Dollar checks all the boxes. In 2021, one sold for a staggering $1.4 million at auction, making it the highest-priced Sacagawea coin ever sold.
How to Spot the Million-Dollar Coin
Identifying a Cheerios Dollar takes a sharp eye. Start by checking any 2000 Sacagawea dollar coins you might have. On the back, inspect the eagle’s tail feathers—Cheerios Dollars show a more detailed and pronounced feather pattern. Regular versions look plainer in comparison.
If you think you’ve found one, contact a trusted grading service such as PCGS or NGC. They can confirm whether it’s authentic. Keep in mind, though, that many regular 2000 coins look similar and might trick the untrained eye.
| Feature | Cheerios Dollar | Regular Sacagawea Dollar |
|---|---|---|
| Year | 2000 | 2000–present |
| Eagle Tail Feathers | Enhanced, more detail | Standard, less defined |
| Distribution | Inside Cheerios boxes (5,500 coins) | Circulated generally |
| Estimated Value | Up to $1.4 million | Around $1 face value |
What to Do If You Find One
If you come across a coin that looks like a Cheerios Dollar, don’t rush to spend it. Store it carefully in a protective holder to avoid wear or damage. Next, reach out to a professional coin dealer or certification service to have it authenticated. If verified, you might be holding a rare and valuable piece of numismatic history.
Even if it’s not a Cheerios Dollar, some Sacagawea coin varieties can still be worth thousands. Always do your research before selling to ensure you get the best value.
FAQs
Q1: What makes the Cheerios Dollar so rare?
Only 5,500 were released in a cereal promotion, and fewer than 70 have been found with the enhanced design.
Q2: Can I find one in regular circulation?
It’s unlikely, but possible—always check your 2000 Sacagawea dollars just in case.
Q3: Who can verify if I have a Cheerios Dollar?
Reputable grading services like PCGS and NGC can authenticate and grade the coin.
Q4: What if my Sacagawea dollar isn’t the Cheerios version?
Even regular Sacagawea coins can have rare errors or varieties that may still be worth money.
Patricia is a dedicated finance content writer specializing in personal finance, budgeting, investing, and financial planning. With a passion for making money matters easy to understand, she crafts well-researched, reader-friendly content that helps individuals take control of their financial future.