2007-P George Washington Dollar Value: Is It Worth Money?
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The 2007-P Washington Dollar Coin is worth anywhere from $1.05 in circulated condition to over $600 for rare Mint State examples or error varieties. While millions were minted for general commerce, certain specific characteristics can make your “gold-colored” dollar worth significantly more than its face value.
| Condition | Estimated Value |
|---|---|
| Circulated (Average Wear) | $1.00 – $1.25 |
| Uncirculated (MS63) | $2.00 – $5.00 |
| Gem Mint State (MS67+) | $50.00 – $250.00+ |
| “Godless” Missing Edge Lettering | $50.00 – $150.00 |
Understanding the 2007-P George Washington Presidential Dollar
If you just found a shiny, golden-colored coin featuring the face of the first U.S. President, you aren’t alone. In 2007, the United States Mint launched the Presidential Dollar series, starting with George Washington. Many people saved these coins, thinking they would become rare collectibles like the old silver dollars.
To determine the exact status of your find, many collectors use a top coin identifier and value app to check for specific mint marks and edge details. The “P” on this coin stands for the Philadelphia Mint, which produced over 176 million of these coins.
Because of this high mintage, most coins you find in your change today are only worth their face value of one dollar. However, the story changes when we look at the physical condition and the “edge lettering,” a unique feature introduced with this series.
Using a tool like CoinKnow can help you distinguish between a common pocket change find and a high-grade specimen that belongs in a protective holder.
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The Value of the 2007-P Washington Dollar by Grade
The value of a 2007-P Washington Dollar depends heavily on its numerical grade, ranging from 1 to 70. Most coins found in circulation are “Circulated,” meaning they have scratches, oil from fingers, or dullness. These usually sell for $1.
“Uncirculated” coins, which were taken directly from bank rolls and never used for buying goods, command a small premium. If the coin is in perfect condition, known as “Mint State,” the 2007 George Washington dollar value can jump into the hundreds of dollars.
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Professional grading services like PCGS or NGC look for “bag marks”—small nicks caused by coins hitting each other in large mint bags. A coin with almost no bag marks (MS67 or higher) is a true rarity.
| Professional Grade | P Mint (Philadelphia) | D Mint (Denver) |
|---|---|---|
| MS63 (Common Unc) | $3 | $3 |
| MS65 (Gem Unc) | $12 | $12 |
| MS67 (Superb) | $55 | $45 |
| MS68 (Ultra Rare) | $600+ | $400+ |
The “Godless” Dollar: Rare 2007-P Error Varieties
The most exciting part of the 2007-P Washington Dollar series for everyday Americans is the “Missing Edge Lettering” error. On these coins, the date, mint mark, and the mottos “E Pluribus Unum” and “In God We Trust” are supposed to be engraved on the edge of the coin.
Due to a mistake at the Philadelphia Mint, tens of thousands of coins skipped this second step of the minting process. These became quickly known as “Godless Dollars” because the religious motto was missing.
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If you find a 2007-P Washington Dollar with smooth sides (no writing at all on the edge), you have a valuable error. These can sell for $50 to $150 depending on the condition. CoinKnow allows you to scan the edge of the coin to help identify these errors quickly.
Because this error was widely publicized in 2007, many were pulled from circulation, but they still turn up in jars and rolls of dollar coins from the bank.
Does the Gold Color Mean It Is Real Gold?
A common question for people who find these coins is whether they contain actual gold. Unfortunately for the “gold rush” hopes, the 2007-P Washington Dollar is made of a base metal composition.
The core of the coin is pure copper, and it is clad (layered) with a mixture of manganese, brass, and nickel. This creates the golden sheen that makes the coin stand out.
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| Component | Percentage |
|---|---|
| Copper Core | 88.5% |
| Zinc | 6% |
| Manganese | 3.5% |
| Nickel | 2% |
Because there is no precious metal content, the coin’s value is derived strictly from its numismatic (collector) appeal or its face value. If your coin is heavily tarnished or turns a dark brown/green, it is likely just a standard circulated coin worth $1.
How to Inspect Your Coin for Value
To see if your coin is worth more than a dollar, you should follow a simple inspection routine. First, look at the luster. Does it still have that “cartwheel” shine when you rotate it under a light? If so, it might be in Uncirculated condition.
Next, look at the edge. The edge of the 2007-P Washington Dollar should have the year “2007,” the “P” mint mark, and the two mottos. If these are missing, you have the “missing edge lettering” error mentioned earlier.
Finally, check for “doubled die” errors. While rare on this specific issue, sometimes the letters on the edge can be doubled or shifted. Using the high-resolution camera on your phone with CoinKnow can help you zoom in to see these tiny details that are invisible to the naked eye.
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Always handle your coins by the edges. Even though these aren’t silver, the oils from your skin can cause spots on the manganese-brass finish, which lowers the grade and the value.
Is Investing in 2007 Washington Dollars Worth It?
Many people ask if they should keep rolls of 2007-P Washington Dollars in their safes for the next 20 years. Generally, because the mintage is so high (hundreds of millions), these coins will likely not see a massive spike in value for standard circulated or low-grade uncirculated versions.
However, hunting for “First Day of Issue” slabs or exceptionally high grades like MS68 is a different story. These are the “Top Pop” coins that serious collectors bid on at auctions. For the average person, the best strategy is to look for the “Godless” error.
If you have a large collection of these, it is worth the time to scan them. You might find a few errors or a high-grade specimen that can be sold to a local coin shop for a nice profit over the $1 face value.
FAQ
Q: Where is the mint mark on a 2007-P Washington Dollar?
A: Unlike most coins where the mint mark is on the face, the 2007-P Washington Dollar has the mint mark “P” on the edge of the coin. You will need to turn the coin on its side to see it.
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Q: Why is my 2007 dollar turning black or brown?
A: The manganese-brass coating on these coins reacts with oxygen and moisture. This oxidation, or “toning,” can turn the coin from a bright gold color to a dull brown or even a dark black over time.
Q: Can I spend a 2007-P George Washington Dollar at the store?
A: Yes! These are legal tender in the United States. While they aren’t common in daily circulation, any vending machine or cashier must accept them as worth $1.
Q: What is a “Double Edge” error?
A: This occurs when the coin goes through the edge-lettering machine twice. You might see the words overlapping each other. These are rare and can be more valuable than the standard “Godless” error.
