You can buy $10 ‘cereal’ coins on eBay – but a ‘big difference’ in bill could be worth up to $3,000

COINS that can be found for just $10 on eBay are worth up to $3,000 in great condition, an expert has revealed.

The pennies were originally donated in boxes of Cheerios, but their value increased dramatically over time.

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In 2000, promotional boxes of Cheerios included a free penny.

They were the first 10 million cents minted in the new millennium.

More than 24 years later, these coins still sell on eBay for just $10.

But they can be worth much more than that

Coin expert and author of the book A Guide to Coin HuntingJustin Couch recently revealed why in a TikTok video.

In the clip, he explained that a coin’s grade can make a piece worth significantly more than an identical coin of a different grade.

Coins are graded on the Sheldon Coin Grading Scale, giving each piece an MS (Mint State) number of 60 to 70.

“If you get really lucky and get an MS68 on one of these coins, you’re talking over $3,000,” Justin said of the Cheerios pennies.

Justin explained how the grade of a coin can drastically change its value.

“It could be a different note and it could make a huge difference in terms of value,” he said.

The expert estimated that a penny worth of lower-grade Cheerios, MS67, would be worth between $190 and $200.

Justin himself owns a Cheerios penny valued at MS66, which is “valued at somewhere between $70 and $100.”

CHEERIOS TREASURES

Millennial boxes of Cheerios didn’t just contain valuable coins.

Some of them included a rare one-dollar coin, and they are worth even more today.

5,500 Sacagawea dollars were placed in 10 million boxes of cheerios

One of these coins, graded MS67, was sold at auction in 2007 for $11,500.

Rare coins

You might be keeping something valuable in your wallet. Check out these articles about rare coins to see if you have a treasure hidden deep in your pocket.

Dollar coins became particularly valuable because the U.S. Mint slightly altered the design of all Sacagawea dollars produced shortly thereafter.

The U.S. Mint spent $53 million promoting the introduction of Sacagawea gold dollars in 2000.

Of course, cereal boxes are far from the only place you can find rare and valuable coins.

A man found a coin in his jeans pocket that was worth 10,000 times its face value, thanks to the great date detail.

And a collection of coins an aunt gave her nephew ended up being worth $4,000, even though they were in poor condition.