2007-P George Washington Dollar Value: Is Your Coin a Rarity?

The 2007-P George Washington Dollar is worth anywhere from $1.00 in circulated condition to over $500 for rare error varieties. While most of these golden-colored coins found in your change are only worth face value, certain edge lettering mistakes make them highly sought after by collectors and investors today.

Condition / Variety	Estimated Value
Circulated (Average Pocket Change)	$1.00
Uncirculated (Mint State 65)	$2.50 – $5.00
Missing Edge Lettering Error	$50.00 – $150.00
Satin Finish (Special Mint Sets)	$10.00 – $25.00

Understanding the 2007-P Washington Dollar Value

If you have stumbled upon a shiny gold-colored coin featuring the face of George Washington, you are holding the first release of the Presidential $1 Coin Program. Launched by the United States Mint in 2007, these coins were designed to honor our nation’s leaders while attempting to replace paper dollar bills in daily commerce. If you are unsure what you have, using a top coin identifier and value app can help you distinguish between a common circulation strike and a valuable mint error.

For the everyday American, the most important thing to know is that these coins are not made of real gold. Instead, they consist of a pure copper core with a manganese brass cladding, which gives them that distinct yellow luster. Because hundreds of millions were minted at the Philadelphia (“P”) mint, the vast majority of these coins are only worth their face value of one dollar.

However, “value” is a relative term in the world of numismatics. While a bank will only give you a dollar for it, collectors are willing to pay a premium for coins in flawless condition or those that escaped the mint with manufacturing defects. If your coin looks like it just popped out of a fresh roll, it might be worth a few extra dollars, but the real money lies in the “Godless Dollars”—a famous error we will discuss later. To keep track of your finds, I recommend downloading CoinKnow, which allows you to catalog your collection and track price fluctuations in real-time.

Condition and Grading of the 2007-P Presidential Dollar

Determining the 2007 George Washington dollar worth depends largely on its physical condition, known as its “grade.” High-grade coins are those that have never been used in vending machines or passed from hand to hand. These are typically found in original mint rolls or government-issued sets.

The grading scale goes from 1 to 70. A coin graded MS60 (Mint State) might have some scuffs from being in a bag with other coins, while an MS67 or MS68 looks virtually perfect under a magnifying glass. For the casual observer, look for the sharp details on Washington’s hair and the crispness of the Statue of Liberty on the reverse. If the coin is dull, scratched, or dirty, it is considered “circulated” and is likely only worth $1.

Grade	Market Price (2007-P)
VF to AU (Circulated)	$1.00
MS63 (Choice Uncirculated)	$1.50 – $2.00
MS65 (Gem Uncirculated)	$5.00 – $12.00
MS67+ (High Registry Grade)	$40.00+

The Missing Edge Lettering: The Famous Godless Dollar

One of the most exciting aspects of the 2007-P Washington Dollar is the possibility of finding an error coin. When these coins were first produced, the U.S. Mint used a two-step process. First, the obverse and reverse were struck. Second, the coins were sent through a machine to roll the edge lettering onto the rim. This lettering includes the year, the mint mark, and the mottos “E Pluribus Unum” and “In God We Trust.”

Occasionally, some coins skipped the second step. These resulted in “Plain Edge” dollars. Because the motto “In God We Trust” was missing from the edge, the media dubbed these “Godless Dollars.” When they were first discovered, prices skyrocketed to hundreds of dollars. Today, the market has settled, but a 2007-P Washington Dollar with a smooth, blank edge is still worth significantly more than its face value.

If you think you’ve found one, look closely at the rim. If it is completely smooth and lacks any date or mint mark, you have a genuine error. Using an app like CoinKnow can help you identify if your specific error matches known auction records, ensuring you don’t sell a treasure for too little.

Double Edge Lettering and Position Varieties

Beyond the missing lettering, there are other nuances to the edge of the 2007-P Washington Dollar. Because the edge design was applied in a separate step, the orientation of the writing can vary. Collectors recognize two “Positions”: Position A (where the edge lettering is upside down when Washington faces up) and Position B (where it is right-side up). These occur in roughly equal amounts and generally do not carry a price premium.

However, a much rarer error is “Double Edge Lettering.” This happens when a coin goes through the edge-incusing machine twice. This creates an overlapping effect where the words appear doubled or “ghosted.” Depending on how obvious the doubling is, these coins can sell for $20 to $100.

Edge Variation	Estimated Value
Standard Edge (Position A or B)	$1.00
Missing Edge Lettering	$50 – $150
Double Edge Lettering	$25 – $80
Partial / Weak Edge Lettering	$5 – $15

Collecting the Special Satin Finish Variety

In 2007, the U.S. Mint included a special “Satin Finish” version of the Washington Dollar in its official Mint Sets. These were not intended for circulation. These coins have a soft, matte-like appearance rather than the shiny, reflective surface of a standard business strike.

Because these sets were handled with care by the government, Satin Finish 2007-P dollars are often found in very high grades. While they aren’t “rare” in the sense that millions of sets were sold, they are highly desirable for collectors who want a complete “Certified” set. If you find a Washington dollar in a plastic mint-sealed blister pack, do not take it out! Its value as a set is much higher than as an individual coin.

Professional collectors often use CoinKnow to track the auction history of these specific finishes. Selling a high-grade Satin Finish coin requires patience, as the buyer is usually someone looking for a “Perfect 70” for their collection.

How to Identify a Genuine 2007-P Error at Home

Before you get too excited, it is important to verify that your coin is a genuine Philadelphia (P) mint error. The most common mistake beginners make is confusing a “Proof” coin from the San Francisco mint with a standard “P” mint error. Proof coins have an “S” mint mark and were made for collectors, featuring deep mirror-like surfaces.

To check for a missing edge lettering error, place the coin on a flat surface and look at its side. If it is smooth like a nickel, but it has George Washington on the front, you should have it looked at by a professional or use a coin value app to compare it against known fakes. Some people try to grind the letters off the edge, but this leaves tell-tale scratches that decrease the value to zero.

A genuine error is produced by the machinery, meaning the weight and diameter should be exactly the same as a standard dollar. If the coin feels light or shows signs of tooling on the rim, it is likely a “garage job” and not a mint error.

Feature	What to Look For
Mint Mark	Found on the edge (unless it’s an error!)
Weight	8.1 grams (standard)
Composition	Manganese-Brass Clad Copper

Final Verdict: Should You Keep Your 2007-P Dollar?

Unless your coin is in pristine, uncirculated condition or features a glaring mint error like missing edge lettering, the 2007-P George Washington dollar is generally safe to spend. However, for many Americans, these coins serve as a great entry point into the hobby of coin collecting. They are affordable, historical, and still occasionally hide rare treasures.

If you find multiple 2007 dollars, check each one’s edge. It takes only a second and could lead to a $100 discovery. Even if it’s “just” a dollar, holding a piece of American history that honors our first President is always worth something. Keep scanning your change, and always keep an eye on the edges!

FAQ

Q: Why is my 2007-P Washington dollar gold? Is it real gold?

A: No, the coin is not made of real gold. Its color comes from a mixture of copper, zinc, manganese, and nickel. While it looks like gold, the metal content is only worth a few cents.

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

A: Unlike older American coins, the mint mark (P, D, or S) and the date are located on the rim (edge) of the coin. If the edge is blank, you may have a valuable “Missing Edge Lettering” error.

Q: How much is a “Godless Dollar” worth today?

A: A 2007-P Washington dollar with missing edge lettering typically sells for between $50 and $150, depending on its condition. In the past, they sold for more, but many have since been discovered.

Q: Can I spend these coins at a regular store?

A: Yes, they are legal tender and worth exactly $1.00. However, many vending machines and cashiers may be confused by them since they are not as common as paper dollar bills.