The 2007 George Washington presidential dollar coin is part of the Presidential Dollar series issued by the US Mint . While sometimes referred to as “gold” due to its appearance, it is actually made of a manganese brass clad copper composition, not gold.
Here’s a breakdown of its value:
- Face Value: In most cases, a standard George Washington dollar coin is worth its face value of $1.
- Uncirculated Condition: If the coin is in pristine, uncirculated condition, its value might increase slightly, potentially reaching around $2 to $4.
- Errors: Certain errors can significantly increase the value:
– Missing Edge Lettering: Some 2007 George Washington dollars were accidentally released without the edge inscriptions “E PLURIBUS UNUM” and “IN GOD WE TRUST”. These “Godless dollars” can be worth around $50 in average uncirculated condition and potentially thousands in top condition. Error coins with missing edge lettering can be found for purchase at around $49.95.
– Die Clashes: Coins with significant die clashes can also be more valuable. One example, a 2007-P George Washington dollar with a major die clash error, is being offered for sale at $149.95.
– Dropped Numbers: Another type of error is when a number, like the “7” in “2007,” is dropped on the reverse side of the coin, which can make it a sought-after collectible. A 2007-P George Washington dollar with a dropped “7” error is for sale at $600.
– Lettered Blank Planchet: This rare error occurs when a blank coin passes through the edge incusing machine but is not struck with the obverse and reverse designs. According to presidentialdollarguide.com, this is the scarcest and most valuable of the Presidential dollar error types found so far.
- Graded and Certified Coins: Coins graded and certified by professional services like NGC or PCGS might also command a higher price, perhaps around $20 or more.
Important Considerations:
- Age is Not Always a Factor: Unlike older coins, age alone doesn’t necessarily make these Presidential dollar coins valuable.
- Post-Mint Alterations: Be cautious of coins that have been gold-plated or colored by third-party companies after they were produced, as these are not considered official by the US Mint and are not worth more than face value.
- Verifying Value: If you believe your George Washington dollar coin might be an error coin or in exceptional condition, it’s recommended to have it professionally graded and certified by a reputable service to ascertain its true value.
What is the error on a 2007 George Washington dollar coin?
2007 George Washington Dollar ( Missing Edge Lettering )
After the obverse and reverse of these dollars are struck, the coins are sent through a machine that applies the edge lettering. Somehow, a number of pieces missed the edge lettering step, and escaped the mint!
Which gold $1 coin is worth money?
Thanks for asking. A few of the most valuable gold dollar coins are: 1849-C Liberty Coronet : $86,250-$690,000. 1852 Liberty Coronet: $168-$312,000. 1853 Liberty Coronet: $173-$264,000.
What is the error on the George Washington coin?
From my experience, This coin features an error where the motto is upside down, making it a unique and collectible piece for numismatists. Composed of 88.5% Copper, 6% Zinc, 3.5% Manganese, and 2% Nickel, this $1 coin carries the standard design of George Washington on the obverse and the Statue of Liberty on the reverse.