The value of a George Washington Presidential dollar coin can vary, depending on several factors:
- Most standard issue George Washington Presidential dollars, minted in 2007 (identified by the year and mint mark on the edge) are worth their face value, which is $1.
- Uncirculated examples (those in pristine condition) might fetch slightly more, perhaps up to $4.
- Missing Edge Lettering: This is the most sought-after error for the George Washington Presidential dollar. These coins lack the inscription “E PLURIBUS UNUM • IN GOD WE TRUST • 2007 P (or D for mint)” on their edge.
– Estimates suggest between 50,000 and 100,000 of these error coins entered circulation before the error was discovered.
– Depending on their condition (grade), these coins can be quite valuable. Examples in high grades have sold for hundreds or even thousands of dollars.
- Doubled Edge Lettering: Some George Washington dollars might have doubled edge lettering, meaning the inscription on the edge was stamped twice. This error is less common for Washington dollars than for the John Adams dollar.
- Lettered Blank Planchet: This very rare error involves a blank coin (no obverse or reverse design) that was processed through the edge lettering machine, resulting in a blank planchet with edge inscriptions.
- Condition: Coins in better condition (higher grades on the Sheldon Coin Grading Scale) will generally be more valuable, especially for uncirculated or error coins.
- Mint Mark: The mint mark on the edge indicates where the coin was minted (“P” for Philadelphia, “D” for Denver, or “S” for San Francisco on proof coins).
- First Day of Issue (FDI) Designation: Coins certified by an independent grading agency as being submitted on the first day of release can carry a slight premium, although this doesn’t guarantee significant value.
In summary: While most George Washington Presidential dollar coins are worth $1, those with the missing edge lettering error, particularly in high grades, can be considerably more valuable to collectors. If you believe you have an error coin, it’s recommended to have it authenticated and graded by a reputable coin grading service like PCGS or NGC.
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!
What is the 2007 P $1 George Washington dollar coin?
Good point! The 2007-P George Washington Dollar was the first dollar coin to be released in the Presidential Dollar program. The coins were officially released by the U.S. Mint on February 15, 2007.