The 2007-P George Washington Presidential Dollar is a remarkable coin and the first in a series honoring U.S. presidents. Released for circulation, it was minted in large quantities, making it a historic collectible for numismatists. Let’s dive into its design, features, and significance.
What Makes the 2007-P George Washington Dollar Special?
The coin was introduced as part of the Presidential $1 Coin Act, aiming to reintroduce dollar coins into everyday use. Its design honors George Washington, the nation’s first president.
- Release Date: February 15, 2007, aligning with George Washington’s birthdate.
- Mintage: Struck in Philadelphia with a staggering 176,680,000 coins produced.
Key Features of the Coin
Obverse Design
- A bold three-quarter portrait of George Washington.
- Inscriptions:
- GEORGE WASHINGTON
- 1st PRESIDENT 1789-1797
Reverse Design
- Statue of Liberty from a low angle.
- Inscription: UNITED STATES OF AMERICA with the denomination $1.
Edge Lettering
- Includes IN GOD WE TRUST, E PLURIBUS UNUM, the year 2007, mintmark P, and 13 stars.
Specifications
| Specification | Details |
|---|---|
| Country | United States |
| Year of Issue | 2007 |
| Mintmark | P (Philadelphia) |
| Mintage | 176,680,000 (Business); 895,628 (Specimen) |
| Alloy | 77% Copper, 12% Zinc, 7% Manganese, 4% Nickel |
| Weight | 8.10 g |
| Diameter | 26.55 mm |
| Designers | Joseph Menna (Obverse), Don Everhart (Reverse) |
Market Value and Errors
Market Prices
- Standard coins in MS66 grade sell for around $5-$20 on auction platforms like eBay.
- Satin-finish strikes often reach MS68 or MS69 grades and are priced higher, up to $50 or more.
Missing Edge Lettering Error
- About 250,000 coins were released without inscriptions on the edge, creating a major error known as “Godless Dollars.”
- These coins are highly sought after, with prices ranging from $21-$26 depending on condition.
Special Sets and Satin Finish Coins
- 2007 Uncirculated Coin Set: Includes coins with a satin finish created using sandblasted dies.
- These coins often grade better but failed to excite collectors initially.
FAQ’s
What is the value of a 2007-P George Washington Presidential Dollar?
Most coins in circulated condition are worth face value, but error or high-grade coins can fetch $20-$50.
What makes the “Godless Dollar” error unique?
It lacks edge lettering, including the motto IN GOD WE TRUST, making it a rare collectible.
Why was the Presidential Dollar series created?
The series aimed to make dollar coins popular, inspired by the success of the 50 State Quarters program.