The George Washington dollar coin was first released in 2007. It was the first coin in the Presidential Dollar series, which featured dollar coins with the images of all the U.S. presidents.
The 2007 George Washington Dollar does not go greater than its face value. In circulated condition George Washington Dollar Coin worth is $1. The coin is not rare or valuable in the market. But, if it’s a 2007 P George Washington dollar or 2007 D George Washington dollar coin, You can get maximum $4.
But it still has value and is a good addition to your coin collection.
In this article, we will tell you more information about the George Washington Dollar coin value.
Table of Contents
- What is the History Behind the George Washington Dollar Coin?
- How Does George Washington Dollar Coin Look Like?
- What is the Value of a George Washington Dollar Coin?
- Is there a 2007 George Washington Dollar Coin P Series?
- Is George Washington Dollar Coin Collectible?
- Are George Washington Dollar Coins Rare?
- Does George Washington Dollar Coin Have a Missing Edge Lettering?
- How Much is George Washington Dollar Coin with Error?
- What is the Grading System Used in George Washington Dollar Coin?
What is the History Behind the George Washington Dollar Coin?
George Washington was the first president of the U.S. At the age of 17, he joined the Army. He then rose through the ranks and became the Commander-in-Chief of the Continental Army, which led the revolutionary forces in winning the war.
On December 30, 2007, South Dakota Governor Mike Rounds signed bill HB 1328 into law, authorizing the South Dakota Mint to strike golden dollars honoring the centennial of the birth of George Washington.
How Does George Washington Dollar Coin Look Like?
On the obverse is a portrait of George Washington, and the reverse contains the inscriptions “IN GOD WE TRUST” and “LIBERTY.” The coin size is 26.5 mm, and the weight is 8.1 Grams.
The coin’s metal composition is 2% nickel, 3% manganese, 6% zinc, and 89% copper.
What is the Value of a George Washington Dollar Coin?
In circulated condition, George Washington coins are valued at $1.00. Only the uncirculated coins are sold at a premium. 2007 D George Washington dollar and 2007 P George Washington dollar coin in their uncirculated condition having the MS 65 grade can be sold at around $4. Similarly, the value of the 2007-proof George Washington coin is also $4.
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George Washington Dollar Coin At A Glance
|2007 P Presidential Dollars
|2007 D Presidential Dollars
|2007 S Presidential Dollars
|Mass / Weight
|Uncirculated (MS-65) $2.28
|Uncirculated (MS-65) $2.28
|Proof (PR-65) $11
Is there a 2007 George Washington Dollar Coin P Series?
Yes, you can find a 2007-P George Washington Dollar coin. This coin was minted in Philadelphia, and its value varies. If the coin is in uncirculated condition with MS65 grade, you can expect the value to be $4.
Meanwhile, you can also encounter a 2007-D George Washington Dollar coin minted at the Denver. Just like the P series, its value varies. If the coin is in uncirculated condition with MS65 grade, the value can be $4.
These two coins have the same value in condition and grade.
Is George Washington Dollar Coin Collectible?
The U.S. Mint minted this 2007 George Washington Dollar coin, the first since 2007. This is a rare one with an official mintage of 25,000 coins each year.
Once the coins are taken out of circulation, they are sent to the U.S. Mint’s facility in Denver, Colorado, where each is examined, graded, and certified. Each coin is a legal tender coin with the same basic design as previous years.
So, it is safe to say that a George Washington Dollar is a collectible coin.
Are George Washington Dollar Coins Rare?
The 2007 George Washington Dollar coin is not considered a rare coin. The coin’s value is not that much. Plus, there is no rarity in it. In many cases, collectors do not keep low-value coins.
On the other hand, if you care more about the collection than the coin’s value, you will love having the 2007 George Washington Dollar coin in your collection. Although it may not be as valuable as other coins, it is still a good option since it is not created anymore.
Does George Washington Dollar Coin Have a Missing Edge Lettering?
When you look at the George Washington Dollar coin, the station’s motto on the coin’s edge is easy to notice. This motto is the “IN GOD WE TRUST,” and you will find the date of issue, the mint mark, and the “E PLURIBUS UNUM” Latin phrase beside it.
Most 2007 George Washington coins were struck with no edges. This may occur since the edge lettering is applied on the coins after the reverse and obverse sides are struck.
If you find no motto on the coin, it is considered a plain edge dollar. On the other hand, most collectors also referred them to as Godless Dollars.
How Much is George Washington Dollar Coin with Error?
A 2007 George Washington Dollar coin with an error is a rare find. That is because you have less chance of finding it.
If you have a 2007 George Washington coin with a certain error, you can expect that it has a higher value than the regular variety.
However, the value still depends on the condition and grade of the coin. Generally, there are only a few George Washington coins with errors.
What is the Grading System Used in George Washington Dollar Coin?
Like other collectible coins, the value of the George Washington Dollar coin is affected by grading. To give you an idea, check out the following grading system:
- PR 65 Proof
If a 2007 George Washington was graded PR 65 Proof, you would find no flaws on the coin. Plus, you will only see a few blemishes.
- MS 65 Gem Uncirculated
A George Washington Dollar coin with MS 65 Gem Uncirculated grade has a strong eye appeal and luster. The coin may have light contact marks, but they are barely noticeable.
When the 30th anniversary of the George Washington Presidential Dollar Coin was celebrated, it was a big deal.
The date was not only significant but also the coin’s design was also unique. It features the first president’s portrait on one side and his likeness on the other. So, it was no surprise that collectors were eager to get their hands on this uniquely-designed coin despite not being as valuable as other coins.