How Much Is George Washington Dollar Coin Worth?

How Much Is George Washington Dollar Coin Worth
A George Washington Dollar will sell at its boldness prize of $ 1 in uncirculated condition. This is because this mint international relations and security network ’ t particularly rare. In fact, it ’ s so common that you might find a piece when rummaging through pocket transfer .
That however, these coins can actually sell at bounty prices under the right conditions .
If you ’ ve been wondering how much a George Washington Dollar is worth in versatile conditions, then you ’ ve come to the right target. Keep on read this article to find out.

Most Valuable George Washington Dollar coin

The Most Valuable George Washington Dollar mint was Sold on Jan 6, 2016 for : $17,625.00
Most Valuable George Washington Dollar coin

The George Washington Dollar coin

The George Washington Dollar coin George Washington was the first president of the United States, so it only makes sense that his expression will be one of many to grace the presidential dollar coins. These coins are not rare in any room as they were mass produced and circulated from the initial day of production, which was 2007 to 2011 .
Of course, the mass production resulted in a stock of unused one dollar coins. That ’ s why these coins have a humble resale value because collectors can find or acquire them easily .

History

In 2005, Senator John E. Sununu proposed the presidential $ 1 presidential coin act on the 17th of May. It was met with a large number of supporters as he had over 70 co-sponsors on his side when this act was introduced .
The Presidential $ 1 Coin Act of 2005, or as it was besides known as “ The Presidential $ 1 Coin Program ”, was a plan that sought to issue coins from four past presidents of the United States per year on the obverse slope of the coin with the Statue of Liberty on the change by reversal side .
With the failure of the Sacagawea $ 1 coin to gain far-flung circulation in the United States, this Act was introduced to prevent such from happening again. besides, it was a room to honour and educate the nation about the state ’ second past presidents .
The design was to issue one for three months before moving on to the future president in chronological order and by their terminus in agency. This would ensure that they honour as many past presidents as possible .
only presidents two years before the time of minting were eligible ; frankincense, George Washington became the foremost president of the united states on the obverse side of these series .
The George Washington $ 1 mint became available to the public on February 15, 2007, in honor of Presidents ’ Day .

Features

This mint had a musical composition of 88.5 % bull, 6 % zinc, 3.5 % manganese, and 2 % nickel, with a system of weights of about 8.1 grams .
One of the many matter to features of the George Washington one dollar coin is that it has its mint mark on the edge of the coin just after the year. This is different from most coins minted in the United States that have their mintmarks on the obverse english .
besides, it has a glazed gold-like luster and is considered partially of the United States neologism “ Golden dollars ” .

Obverse

The mint ’ randomness obverse features a portrait of the late president George Washington designed by Joseph Menna. He was a medallic artist and the first full-time digitally skilled artist hired by the United States. The portrayal was his first design for the United States Treasury .
Asides from the portrayal of George Washington, the coin besides has the follow inscriptions

  • “George Washington”, which is above the portrait of the president.
  • “1st president”, which is below the George Washington’s portrait.
  • “1789 – 1797” indicates the years George Washington spent in Office. This inscription is also below Washington’s portrait next to the one mentioned above.

Joseph Menna besides has his initials on the obverse of the coin right on the portrait of George Washington. You will find it around the deep president ’ s collar .

Reverse

Like other coins on the presidential $ 1 coin series, the mint ’ mho change by reversal has the Statue of autonomy strike at its kernel. Don Everhart, who is a sculptor and Engraver, is reputed to be the one responsible for the design .
right in front man of the Statue of autonomy is the appellation “ $ 1, ” and the dedication “ UNITED STATES OF AMERICA ” circles around the coin, cutting through Liberty ’ s raised branch .

Edge Lettering

The Washington Dollar has an edge letter which is the year of the mint ’ second minting scratch onto its edge, providing a unique issue to the mint .
Edge lettering on coins goes as far rear as the 1790s, and it started as a way to discourage the shaving off of gold coin edges, once practised to cheat payees .
prior to the presidential coins, the concluding clock edge letter was practised in the United States was during the output and circulation of Gaudens Double Eagle ( 1907–1933 ) .
The dates weren ’ t the only separate of the George Washington edge letter, its mint mark equally good as the inscription “ E PLURIBUS UNUM ” and “ IN GOD WE TRUST ”, which was later replaced in 2009 by the 13 stars, representing the original 13 states that declared independence from the british, were besides struck on the mint ’ south edge .
You will find the placement of the edge of the coin goes in the be order “ 2007 D. E PLURIBUS UNUM. IN GOD WE TRUST. ”
One would notice that the inscription familiarity is absent from the obverse, turn back and flush the edge of the coin. This was a decision made as they felt it was pleonastic considering the image of the Statue of familiarity was on the reverse of the coin, and they felt it sufficed in conveying the message of autonomy .

Mints and Varieties

The Washington Dollar was the first in the series of presidential $ 1 and had the highest mintage of the series. It besides featured a importantly senior high school number of errors that made it into production and got introduced to the public .
many collectors considered this the allowance period as many mints were trying to get used to the reintroduced edge letter .
The Washington Dollar was minted in huge amounts with millions of coins released into circulation, so much so that there are now thousands of the coins lying idle in bank vaults .
Three major mints, Philadelphia, Denver and San Francisco, were creditworthy for most of the coins that were released into circulation .

2007P George Washington Dollar

2007P George Washington Dollar The Philadelphia mint was responsible for the George Washington Dollar coins that bear the 2007 P batch distinguish, indicating the location of the mint that struck them .
With a full of 176,680,000, the Philadelphia mint struck the highest phone number of coins. That ’ s 13 million coins more than the total coins struck at Denver .

2007D George Washington Dollar

2007D George Washington Dollar Denver had the second highest mint and produced 163,680,000 coins in full. The letter D is the mintmark that makes recognising coins struck at this adeptness easy .

2007S Proof George Washington Dollar

2007S Proof George Washington Dollar The 2007S George Washington Dollar coin was the first proof in the presidential dollar series. As such, these coins were slightly different from the standard ones released into circulation. The Mint struck precisely 3,965,989 in sum .
A major difference was that the inscriptions “ IN GOD WE TRUST ” and “ E PLURIBUS UNUM ” a good as the date, among other attributes. The boundary letter was applied by a Schuler edge lettering machine .
The coins were sold in sets of four a objet d’art. And each stage set contained a proof presidential dollar coin with a portrait of deep Presidents George Washington, John Adams, Thomas Jefferson and James Madison. Since they were struck at the San Francisco mint, they all carry the ‘ S ’ mintmark, indicating the mint ’ s location .
The 2007 presidential proof hardened was offered for sale directly from the Mint for $ 14.95 per set and was available to collectors on June 2007 .

Errors

The George Washington Dollar coins were released into circulation with a stagger amount of errors. such was the popularity of the errors that the public started looking out for them in their one dollar coins .
Collectors attributed the huge measure of errors to mints still trying to reintroduce the edge letter to the coins .
hera are the errors that were found on the George Washington Dollar coins :

Godless Dollars

They are known normally as godless dollars due to the missing dedication “ IN GOD WE TRUST ” that was supposed to be on the edge with other inscriptions with the others .
When the first base emergence of the mint was released, people immediately spotted the plain edge of the coin. This coin was missing its border inscription. And on February 25 2007, the same day of release, it was sold for $ 612 on eBay .
People started to search for George Washington Dollar coins with this defect madly, and it was estimated that about 200,000 of these coins were minted and in circulation. Due to the huge number minted, the price of coins bearing this shocking defect dropped to $ 20- $ 30 .
however, grading companies refer to them as missing edge letter coins .
Another worthwhile matter to note is that since the edge letter is missing, many people can ’ t ascertain what mint produced these defective coins. There are some speculations based on colours, but these were never approved .

Pez Head

These coins are besides known as the discerp head mistake because Lady Liberty is missing some parts of her neck
The cable that indicates the front man of her neck is missing, making her neck search like a pez dispenser .
It ’ south believed that this error was caused by over-polishing the coins ’ reverse sides .

Star Burst

These errors had streaks coming out of George Washington or Lady Liberty ’ s head. They radiate towards the flange about like a halo or, in this font, a starburst .

Double Edge Lettering

Some Washington Dollar coins were discovered to have double edge letter. Mints sometimes ran through the edge lettering process twice, resulting in two wholly classify letterings .

Faceless Dollars

These are the opposite of Godless dollars. Coins with these errors only had their edge lettering present with the obverse and/or rearward side completely blank .

Upside Down Edge Lettering

Numismatists believe that there was initially a chastise orientation for edge letter. however, after the process of minting these coins was described, it ’ second now believed that the mint process is completely random, and half of the coins minted will have a “ correct ” predilection, and others will be top down .

Other Flaws

many other errors were found on the George Washington coins, including diverse die errors or coins that were not properly annealed .

How Rare is The George Washington Dollar?

Millions of George Washington Dollar coins are in circulation nowadays, meaning these coins are not rare. Although the San Francisco mint, which struck the lowest act of coins among the major mints, produced 3,965,989 Washington Dollars, the others produced over 100 million of the coins individually .
This means that most of the George Washington Dollar coins you ’ ll find north korean won ’ thymine fetch much and will only sell at face value .
however, some varieties are considered rare, and you can sell these rare varieties at agio prices and higher prices in reappearance. These coins are either the ones bearing an error or having higher grades .

Factors that Affect a Coin’s Rarity

rare coins are extremely valuable, and more much than not, certain factors influence their handiness and curio among collectors .
so here are the most important factors creditworthy for a coin ’ randomness rarity .
Mintage
A mint ’ randomness coinage plainly means the entire measure produced. This is normally the most important of the factors that determine a coin ’ mho curio and rate .
Coins like the Washington Dollar have a entire mintage of over 300 million and as a consequence, they ’ re in no way considered rare .
however, early coins that are besides known as limited edition coins weren ’ metric ton widely produced and as a result, it will be identical difficult to get your hands on them. These coins are rare and very valuable .
Demand
requirement comes into play when the mintage of specific varieties of a coin is abject or if the coin is limited .
This makes more people particularly collectors look for it, and the more people want a particular coin, the rare it becomes because it is no longer in being and, therefore, has a fixed sum available .
Coins that are in high demand are considered rare because everybody wants them. demand works hand in hand with coinage, or you can say they ’ re inversely proportional because with higher coinage comes lower requirement and vice versa .

George Washington Dollar Coin Value

The George Washington Dollar is not peculiarly valuable because of its high coinage and handiness. In fact, it had such a senior high school mintage that some of the coins are still unused .
As such, they only go for their sum in face value, and that ’ s $ 1 in circulate condition. however, the coins sell for higher in agio conditions .
For exemplar, the George Washington Dollar that was minted in both the Philadelphia mint and the Denver mint are deserving around $ 4 in MS 65 grade .
The San Francisco proof George Washington dollar coin is worth about $ 11 in PR 65 discipline .
Coins in these marking conditions are about perfect, with only a few scratches on the surface .

Factors that Influence a Coin’s Value

A coin ’ s value is determined by assorted factors that include its features, physical attributes, and curio .
These factors can alter the value by potentially increasing the coin ’ s importance or uniqueness/attractiveness to collectors.

Read more : COIN STARS

Grade
The Sheldon Numerical Scale is a popular scaling system used to ascertain a coin ’ s value based on the coins appearance .
Coins are graded on a scale that ranges between 1-70, with 1 being the worst state of that beak and 70 being a arrant mint country .
Using this arrangement, coins can be grouped into categories such as good, ticket, highly fine, and mint or uncirculated condition .
The coins in uncirculated conditions are the most valuable, and they sell at very high prices .
Presence of an Error
A mint with a rare error can sell for a very high sum. The reason is that this error makes the coin singular, increasing its attract to collectors across the world .
however, the Washington Dollar coins had several errors, so much so that the prize of the error coins dropped .
It is important to note that most of them still sell at higher prices than standard varieties .
Demand
The higher the need of a coin the greater its value .
however, the George Washington Dollar mint was produced in millions, so they ’ re not in high demand, but premium coins or coins with specific errors still appeal to several collectors .

Prices

MS 64 MS 65 MS 66 PR 69 PR 70
2007 D Washington Dollar $ 9.95 _ _ _ _
2007 S Washington Dollar _ _ _ $ 5.79 $ 23.95
2007 P Washington Dollar $21.50 $ 9.95 $24 _ _

Where to Sell Your George Washington Dollar coin

As we mentioned earlier, the George Washington Dollar coin is not rare nor is it identical valuable that ’ mho why if you ’ re looking to sell one in your possession, it is vital to know where to sell it to get the best price .
For example, you can walk down to any pawn shops or coin dealers In your neighborhood and they can buy your Washington Dollar ( depending on its circumstance ) for $ 1 in estimable circumstance or more if it ’ south in extremely fine stipulate. An uncirculated mint might be higher, as some have been sold for $ 50 .
fortunately, those aren ’ t your lone choice. on-line platforms besides provide excellent possibilities for you to get the best prize for your mint .
Shopping websites like eBay and Heritage Auctions are popular choices among people looking to build coin collections. however, there are other on-line platforms like Etsy among others. These alternatives will besides work fine .
Don ’ thyroxine forget to get a mint appraisal from a professional to ensure you ’ re getting the best value for your mint .
Although an on-line shop is where the money is, pawn shops are best when it comes to approachability and other factors like selling for immediate cash. This is why they serve as thoroughly choices for low-value coins .

FAQs

Is there a $1 George Washington coin?
Yes, the $ 1 George Washington coin was partially of the $ 1 presidential mint series. In fact, it was the first released coin belonging to the series .
Are George Washington dollar Coins Worth Anything?
The George Washington Dollar is worth a side rate amount of $ 1 in circulate condition. The reason for such a low amount is that they are neither rare nor valuable. But they can be sold for higher in better condition .
How Many Presidential $1 dollar Coins are There?
The United States Treasury Department said that there is over a 1.4 billion excess on $ 1 coins in the federal military reserve .
Are They Still Making Presidential Dollar Coins?
In 2016, Geithner directed that all mints cease output of the presidential dollar coins .
This is because of the excess of coins in the federal modesty .
Were any of the Washington Dollar coins produced with Errors?
There was a colossal amount of Washington Dollar coins with errors. many of these errors sold for hundreds of dollars at the time the coin was released .
however, the value for mistake coins dropped when people discovered how common they were .

Wrapping Up

The presidential $ 1 plan was a applaudable campaign by the United States to honour past presidents equally well as educate the public on the nation ’ s former leaders. George Washington Dollar being the first base president of the united states besides ensured that he was featured in the series .
unfortunately, these coins were not ampere popular as they were expected to be, and they came with many defects .
inactive, they ’ re a worthy receive as the George Washington Dollar is a capital addition to any solicitation .

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