2007-P George Washington Dollar Value: Price Guide & Rare Errors

The 2007-P Washington Dollar Coin is worth anywhere from its $1 face value in circulated condition to over $500 for high-grade specimens or rare errors. While most examples you find in pocket change are only worth their legal tender value, specific minting mistakes and pristine “Mint State” conditions can turn this golden-colored coin into a valuable collector’s item.

Condition / Grade	Estimated Value (USD)
Circulated (Average Wear)	$1.00
Uncirculated (MS60-MS63)	$2.15 – $5.00
Choice Uncirculated (MS65-MS66)	$12.00 – $45.00
Superb Gem State (MS67+)	$150.00 – $600.00+
Missing Edge Lettering Error	$30.00 – $150.00

History of the 2007-P George Washington Presidential Dollar

The George Washington dollar inaugurated the Presidential $1 Coin Program in early 2007. This program was designed to honor the Presidents of the United States in the order they served. The 2007-P version was struck at the Philadelphia Mint, as indicated by the “P” mint mark located on the edge of the coin. If you are unsure how to identify these small details, using a top coin identifier app can help you zoom in on the edge inscriptions.

These coins are often mistaken for gold because of their distinct yellow hue. However, they contain no actual gold; they are composed of a copper core with a manganese brass cladding. Over 176 million of these coins were minted in Philadelphia alone, making them incredibly common in modern circulation. Because of this massive mintage, a standard coin you receive from a vending machine or bank is typically only worth one dollar.

To find more detailed 2007 Presidential Dollar values and auction records, collectors often look at the grading certifications from PCGS or NGC. Because the “Golden Dollars” scratch easily due to their soft metal composition, finding one in perfect condition is quite rare. If you suspect you have a high-grade example, it is worth using CoinKnow to compare your coin against high-resolution images of known gems.

Grading and Condition Impacts on Value

In the world of coin collecting, the “grade” of a coin is everything. For the 2007-P Washington Dollar, most coins fall into the “Circulated” category. These have been spent at stores, carried in pockets, and have visible scratches or dullness on the surface. Collectors generally do not pay a premium for these. However, “Uncirculated” coins, which were taken directly from rolls and never used as money, can command higher prices.

The Sheldon Scale, which ranges from 1 to 70, is used to determine a coin’s quality. A coin graded MS67 (Mint State 67) is considered a “Gem” and is virtually perfect to the naked eye. Because these coins were dumped into large bags at the mint, they often bumped into each other, creating “bag marks.” A 2007-P Washington Dollar without these marks is a rarity that collectors will bid aggressively for at auctions.

Grade Designation	Visual Description	Market Value
MS63	Noticeable marks/scuffs	$3.00
MS65	Strong luster, few marks	$15.00
MS66	Very clean, bright surfaces	$40.00
MS68	Flawless under magnification	$1,000+

The Famous Missing Edge Lettering (Godless) Error

The most exciting aspect of the 2007-P Washington Dollar for the average American is the “Missing Edge Lettering” error. This was the first time since the 1930s that the U.S. Mint placed inscriptions on the rim (the side) of a coin. These inscriptions include the date, the mint mark, and the mottos “E Pluribus Unum” and “In God We Trust.” During the first few weeks of production, some batches of coins bypassed the edge-lettering machine.

These coins are often nicknamed “Godless Dollars” because the motto “In God We Trust” is missing from the rim. When these were first discovered in early 2007, they sold for hundreds of dollars. Today, the market has stabilized as tens of thousands were found. However, they still carry a significant premium over face value. If you find a 2007-P dollar with a smooth edge, you have a genuine error coin worth a decent amount of money.

To verify if your error is authentic or just a worn-down coin, you can use the CoinKnow app’s identification feature. It can help distinguish between a mint error and post-mint damage. Authenticated error coins can sell for $30 to $150 depending on how shiny the coin is. Always check the edge of every 2007 dollar you find!

Different Edge Lettering Orientations: Position A vs. Position B

Not all “varieties” are errors. One thing many new collectors notice is that when they lay the coin flat on a table, the edge lettering might be upside down or right-side up. This is perfectly normal and is not considered a mistake by the Mint. There are two “Positions” recognized by the grading services: Position A and Position B.

Position A means that when the President’s portrait is facing up, the edge lettering is upside down. Position B means that when the portrait is facing up, the edge lettering is readable (right-side up). The Mint strike process for the edge was random, meaning roughly 50% of the coins are Position A and 50% are Position B. Neither position is rarer than the other, and they generally value the same.

Variety Type	Collectibility Level	Value Range
Position A (Upside Down)	Common	$1 – $5
Position B (Right Side Up)	Common	$1 – $5
Double Edge Lettering	Rare Error	$100 – $300

How to Inspect Your Coin for Max Value

When you find a 2007-P Washington Dollar, the first thing you should do is handle it by the edges. Fingerprints contain oils that can permanently stain the manganese brass surface, turning it a dark, sickly brown. To determine if your coin is worth sending to a professional grader, look at it under a bright light with a magnifying glass.

Check George Washington’s cheek and the field (the flat background) of the coin. If you see many small nicks and scratches, the coin is likely a common “spender.” However, if the surface is smooth and reflects light like a mirror, you might have an MS67 or better. Many users of CoinKnow use the app to catalog their findings and track the current market trends, which is vital since coin prices can fluctuate based on collector demand.

Don’t forget to check for “Double Edge Lettering” as well. This happens when a coin passes through the edge-incusing machine twice, resulting in overlapping text. These errors are much scarcer than the “Missing Edge Lettering” and can be quite lucrative. If the text looks blurred or appears to have “shadows” on the rim, you need to have it looked at by a professional.

What Should You Do With Your 2007-P Washington Dollar?

Most 2007-P Washington Dollars are best spent. Because trillions of dollars circulate in the US economy and these were minted in such high numbers, the Mint eventually stopped making Presidential Dollars for general circulation in 2011 due to a massive surplus in bank vaults. This means those 2007 versions are very common.

However, if you find one that looks brand new or has a smooth edge, keep it! Even a $30 error coin is a 3,000% return on your investment of one dollar. For those who enjoy the hobby, building a full set of Presidential Dollars in high grade can be a fun and affordable way to start coin collecting.

Always remember to research before you sell; local coin shops might only offer face value for common items, so knowing your coin’s specifics is your best defense. Utilize digital tools and community forums to stay updated on what collectors are currently hunting for.

FAQ

Q: Is there any gold in the 2007 Washington Dollar?

A: No, there is absolutely no gold in these coins. The “gold” color comes from a mixture of copper, zinc, manganese, and nickel. They were designed to look like gold to distinguish them from quarters, but they are not made of precious metal.

Q: Does “In God We Trust” being missing mean the coin is fake?

A: Not at all. It likely means you have a “Missing Edge Lettering” error, which is a genuine U.S. Mint mistake. These are highly sought after by collectors. However, ensure the coin hasn’t been tampered with or filed down on the edges by a third party.

Q: How many 2007-P George Washington Dollars were made?

A: The Philadelphia Mint produced 176,680,000 of these coins. Because of this high production volume, only those in the highest possible grades or those with errors are worth more than one dollar.

Q: Where is the mint mark on the 2007 Washington Dollar?

A: Unlike most coins where the mint mark is on the front (obverse) or back (reverse), the 2007 Presidential Dollars have the mint mark on the edge. Look for the “P” (Philadelphia), “D” (Denver), or “S” (San Francisco proof) inscribed on the side of the coin.