The 2007-P George Washington Presidential Dollar is a standout piece in the Presidential Dollar Coin Program, which was launched by the U.S. Mint in 2007. The program aimed to honor each U.S. president with a unique dollar coin. As the first release in this ambitious series, the George Washington coin holds historical significance and is a must-have for both collectors and history enthusiasts.
Background of the Presidential Dollar Coin Program
The Presidential Dollar Coin Program was established in 2005 and began releasing coins in 2007, honoring U.S. presidents in the order they served in office. The program ran until 2016, with a new coin issued each year to commemorate a different president. The 2007-P George Washington Presidential Dollar was the first in the series and marked the beginning of a decade-long initiative to honor the men who served as leaders of the United States.
Design of the 2007-P George Washington Presidential Dollar
The coin follows the distinctive design format established for the series, featuring a wide, edge-lettering feature, where the year, mintmark, and motto are inscribed on the edge of the coin, rather than on its faces.
- Obverse Design: The obverse side of the coin features a portrait of George Washington, based on a famous image by artist Gilbert Stuart. Washington’s likeness is encircled by the words “George Washington” and “1st President”. His prominent profile serves as a tribute to his leadership during the American Revolutionary War and as the nation’s first president.
- Reverse Design: The reverse features the Statue of Liberty and the inscription “United States of America.” In addition to the Statue of Liberty, the denomination “$1” is prominently displayed. The reverse design was shared across all coins in the series.
Mintage and Rarity
The 2007-P George Washington Presidential Dollar was minted at the Philadelphia Mint, and the “P” mintmark can be found on the coin to indicate its origin. The mintage for this coin was substantial, with 300 million pieces struck. Due to this large mintage, the 2007-P George Washington Presidential Dollar is generally not rare, and most examples are available for face value or at a small premium in uncirculated condition.
Value of the 2007-P George Washington Presidential Dollar
In general, the 2007-P George Washington Presidential Dollar is not worth significantly more than face value, unless it is in uncirculated or proof condition. Here is a breakdown of the potential value:
- Circulated Condition: Most circulated examples are worth $1 (face value).
- Uncirculated Condition: Uncirculated versions can range from $2 to $5, depending on their condition.
- Graded Coins: High-grade examples (graded MS-65 or higher by reputable grading services like PCGS or NGC) can fetch $10 to $25.
Collecting Tips
- Focus on Quality: Higher-quality coins, particularly those in MS-65 or higher grades, are more valuable. Always seek out well-preserved examples that have been stored properly to maintain their value.
- Check for Errors: As with many coins, look out for minting errors or varieties. Some collectors find specific errors or die varieties to be highly valuable. Errors like double strikes or edge lettering mistakes can increase the value of a coin significantly.
- Complete the Set: If you’re a serious collector, consider collecting the full set of Presidential Dollar Coins, which includes all the presidents from George Washington to the 2016 release of President Ronald Reagan. Having a complete set can enhance the value and desirability of your collection.
Conclusion
The 2007-P George Washington Presidential Dollar is a key coin in the Presidential Dollar Coin Program and an essential addition to any collection. Its historical significance, attractive design, and connection to America’s first president make it a popular choice among collectors. While most examples are still affordable, high-grade or error coins can provide a valuable return.
FAQs
1. What is the value of a 2007-P George Washington Presidential Dollar?
In circulated condition, the 2007-P George Washington Presidential Dollar is worth face value ($1). Uncirculated versions can range from $2 to $5, and high-grade coins can fetch up to $25 or more.
2. How many 2007-P George Washington Presidential Dollars were minted?
Approximately 300 million 2007-P George Washington Presidential Dollars were minted, making it a common coin.
3. What makes the 2007-P George Washington Presidential Dollar special?
The 2007-P George Washington Presidential Dollar is the first coin in the Presidential Dollar Coin Program, which honored each U.S. president with a unique coin.