The value of a 2007 P James Madison dollar coin can vary significantly based on its condition (grade) and whether it has any errors.
- In average circulated condition, the value is slightly above face value, often around $1.05.
- Uncirculated examples, particularly those graded MS64 and MS66, can command higher prices, reaching values of $13.88 and $17.00 respectively.
- The mintage for the 2007-P James Madison dollar was 84,560,000.
- An auction record for a 2007-P James Madison dollar graded MS68 was $61 in 2016.
- Missing Edge Lettering: This error is common for 2007 Presidential dollars, including the James Madison coin. These coins can be quite valuable.
– A 2007 James Madison Presidential Dollar with missing edge lettering graded SP-65 was available for sale at $69.
– Missing edge lettering errors on other 2007 Presidential dollars have sold for hundreds and even thousands of dollars.
- Missing Clad Layer: A 2007 D James Madison dollar coin missing the clad layer on both sides was available for $50.
- Other Errors: There may be other less common errors like multiple die chips.
Important considerations:
- The most valuable examples are typically those in the highest grades (MS65 and above) and coins with rare or significant errors.
- The market value for error coins is particularly dynamic and depends on the specific error and its rarity.
In conclusion, while a standard 2007 P James Madison dollar coin in average condition is worth slightly more than its face value, error coins, especially those with missing edge lettering, can be significantly more valuable. Consulting a reputable coin dealer or price guide for a more precise valuation based on the coin’s specific condition and characteristics is always recommended.
What is the error on the 2007 P dollar coin?
Aside from missing the edge lettering, other edge letter anomalies are being discovered, including partial and multiple edge lettering. For example, this 2007 P Washington Dollar is missing the words E PLURIBUS UNUM (Photo 3a).
Is the 2007 dollar coin worth anything?
From my experience, Another valuable coin in the series is the 2007 George Washington without edge lettering, an error that pushes its value well above other versions. In high-grade condition, this coin can sell for close to $17,700.