Most George Washington presidential dollar coins are worth their face value ($1) because they are common.
However, some factors can increase their value:
- Condition: Uncirculated coins, especially those in high grades, can be worth slightly more than face value, typically $2-$4. Proof coins, specifically those with a deep cameo finish, can be worth even more.
- Errors:
– Missing Edge Lettering: This error, sometimes called “Smooth Edge Dollars”, occurs when the edge inscriptions, including the date, mint mark, and mottos, are absent. These can be worth around $50 or more depending on various factors.
– Upside Down Motto: Some coins have the edge lettering, including the motto “IN GOD WE TRUST”, struck upside down relative to the president’s portrait, which can increase their value.
– Doubled Edge Lettering: This occurs when a coin passes through the edge lettering machine twice, causing a doubled inscription.
– Die Clash Errors: These occur when the coin dies strike each other without a blank planchet in between, leaving subtle or even distinct markings on the coin. A specific example found in a George Washington dollar coin resulted in a very extreme die clash, making it worth $149.95.
- Rarity: While most are common, if the coin has a low mintage, especially from earlier issues, it could be considered rare.
If you have a George Washington dollar coin and are unsure of its value, consider consulting with a reputable coin dealer or having it professionally graded by a service like NGC or PCGS.
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 George Washington $1 coin?
Thanks for asking. The George Washington $1 coin was first available to the public on February 15, 2007, in honor of Washington’s Birthday, which was observed on February 19. This marked the first time since the St. Gaudens Double Eagle (1907–1933) that the United States had issued a coin with edge lettering for circulation.