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Coin collecting, coin commentary, coin images, and coin values for the passionate and the not-so-passionate coin collector
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What is in the name?
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2007 Presidential Dollars
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CoinTrapTM Commentary: The 2007 Presidential $1 dollar coins are the first batch of the series, and can be collected either individually or as a set. The Presidential dollar coins are somewhat unique because they have edge-incused inscriptions of the year of minting or issuance. The edge inscriptions also include the words “E Pluribus Unum,” “In God We Trust,” and the mint mark. The edge inscriptions vary with each coin, and in fact, are completely absent on some error coins that were released in a batch of 2007 George Washington dollars. The George Washington dollars that have a smooth edge are considered to be “error coins,” and as a result, their value is considerably higher than the ones with the edge inscriptions.
The 2007 Presidential Dollar coins include George Washington (1st president), John Adams (2nd president), Thomas Jefferson (3rd president), and James Madison (4th president).
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Coin Value: What is the value of your 2007 Presidential Dollar? As is usually the case, it all depends. The 2007 Presidential Dollar worth or value depends on these main factors: (1) your coin’s grade, and (2) which president is shown, (3) whether it has a satin finish (SF) or was a first-day-of-issue (FDI), and (4) scarcity/demand. Regarding your coin’s grade, it has become a standard in the field of numismatics (coin collecting) to grade coins on a point-scale from 1 (poor) to 70 (perfect). This is also referred to as the “Mint State” or just “MS” for short. Click here to find the up-to-date estimated value of your 2007 Presidential Dollar coin from the Professional Coin Grading Service (PCGS®), which takes all three factors mentioned above into account*. If you do not know the grade of your 2007 Presidential Dollar, you can take it to your local coin dealer and ask that they have it graded at one of the three major coin grading services.
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Stack - Presidential $1 Dollar
Individual coins including presidents on the obverse of the coins as released in 2007 are shown below.
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Reverse - Presidential $1 Dollar
Statue of Liberty - United States of America
Designer: Don Everhart
Sculptor: Don Everhart
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2007 Presidential Dollars
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Obverse - George Washington 2007 Presidential Dollar Coin
1st President
1789 - 1797
Designer: Joseph Menna
Sculptor: Joseph Menna
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Obverse - John Adams 2007 Presidential Dollar Coin
2nd President
1797 - 1801
Designer: Joel Iskowitz
Sculptor: Charles Vickers
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Obverse - Thomas Jefferson 2007 Presidential Dollar Coin
3rd President
1801 - 1809
Designer: Joseph Menna
Sculptor: Joseph Menna
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Obverse - James Madison 2007 Presidential Dollar Coin
4th President
1809 - 1817
Designer: Joel Iskowitz
Sculptor: Don Everhart
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United States Mint images. CoinTrap.com is not affiliated with the United States Government in any way. Click here for terms and conditions.
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PRESIDENTIAL $1 COIN ACT OF 2005
[[Page 119 STAT. 2664]]
Public Law 109-145
109th Congress
An Act
To require the Secretary of the Treasury to mint coins in commemoration
of each of the Nation's past Presidents and their spouses, respectively,
to improve circulation of the $1 coin, to create a new bullion coin, and
for other purposes. <<NOTE: Dec. 22, 2005 - [S. 1047]>>
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, <<NOTE: Presidential $1
Coin Act of 2005.>>
SECTION <<NOTE: 31 USC 5101 note.>> 1. SHORT TITLE.
This Act may be cited as the ``Presidential $1 Coin Act of 2005''.
TITLE I--PRESIDENTIAL $1 COINS
SEC. 101. <<NOTE: 31 USC 5112 note.>> FINDINGS.
Congress finds the following:
(1) There are sectors of the United States economy,
including public transportation, parking meters, vending
machines, and low-dollar value transactions, in which the use of
a $1 coin is both useful and desirable for keeping costs and
prices down.
(2) For a variety of reasons, the new $1 coin introduced in
2000 has not been widely sought-after by the public, leading to
higher costs for merchants and thus higher prices for consumers.
(3) The success of the 50 States Commemorative Coin Program
(31 U.S.C. 5112(l)) for circulating quarter dollars shows that a
design on a United States circulating coin that is regularly
changed in a manner similar to the systematic change in designs
in such Program radically increases demand for the coin, rapidly
pulling it through the economy.
(4) The 50 States Commemorative Coin Program also has been
an educational tool, teaching both Americans and visitors
something about each State for which a quarter has been issued.
(5) A national survey and study by the Government
Accountability Office has indicated that many Americans who do
not seek, or who reject, the new $1 coin for use in commerce
would actively seek the coin if an attractive, educational
rotating design were to be struck on the coin.
(6) The President is the leader of our tripartite government
and the President's spouse has often set the social tone for the
White House while spearheading and highlighting important issues
for the country.
[[Page 119 STAT. 2665]]
(7) <<NOTE: Sacagawea.>> Sacagawea, as currently represented
on the new $1 coin, is an important symbol of American history.
(8) Many people cannot name all of the Presidents, and fewer
can name the spouses, nor can many people accurately place each
President in the proper time period of American history.
(9) First Spouses have not generally been recognized on
American coinage.
(10) <<NOTE: Theodore Roosevelt. Earle
Fraser. Augustus Saint-Gaudens.>> In order to revitalize the
design of United States coinage and return circulating coinage
to its position as not only a necessary means of exchange in
commerce, but also as an object of aesthetic beauty in its own
right, it is appropriate to move many of the mottos and emblems,
the inscription of the year, and the so-called ``mint marks''
that currently appear on the 2 faces of each circulating coin to
the edge of the coin, which would allow larger and more dramatic
artwork on the coins reminiscent of the so-called ``Golden Age
of Coinage'' in the United States, at the beginning of the
Twentieth Century, initiated by President Theodore Roosevelt,
with the assistance of noted sculptors and medallic artists
James Earle Fraser and Augustus Saint-Gaudens.
(11) Placing inscriptions on the edge of coins, known as
edge-incusing, is a hallmark of modern coinage and is common in
large-volume production of coinage elsewhere in the world, such
as the 2,700,000,000 2-Euro coins in circulation, but it has not
been done on a large scale in United States coinage in recent
years.
(12) Although the Congress has authorized the Secretary of
the Treasury to issue gold coins with a purity of 99.99 percent,
the Secretary has not done so.
(13) Bullion coins are a valuable tool for the investor and,
in some cases, an important aspect of coin collecting.
SEC. 102. PRESIDENTIAL $1 COIN PROGRAM.
Section 5112 of title 31, United States Code, is amended by adding
at the end the following:
``(n) Redesign and Issuance of Circulating $1 Coins Honoring Each of
the Presidents of the United States.--
``(1) Redesign beginning in 2007.--
``(A) In general.--Notwithstanding subsection (d)
and in accordance with the provisions of this
subsection, $1 coins issued during the period beginning
January 1, 2007, and ending upon the termination of the
program under paragraph (8), shall--
``(i) have designs on the obverse selected in
accordance with paragraph (2)(B) which are
emblematic of the Presidents of the United States;
and
``(ii) have a design on the reverse selected
in accordance with paragraph (2)(A).
``(B) Continuity provisions.--
``(i) In general.--Notwithstanding
subparagraph (A), the Secretary shall continue to
mint and issue $1 coins which bear any design in
effect before the issuance of coins as required
under this subsection (including the so-called
`Sacagawea-design' $1 coins).
[[Page 119 STAT. 2666]]
``(ii) Circulation quantity.--Beginning
January 1, 2007, and ending upon the termination
of the program under paragraph (8), the Secretary
annually shall mint and issue such `Sacagawea-
design' $1 coins for circulation in quantities of
no less than \1/3\ of the total $1 coins minted
and issued under this subsection.''.
``(2) Design requirements.--The $1 coins issued in
accordance with paragraph (1)(A) shall meet the following design
requirements:
``(A) Coin reverse.--The design on the reverse shall
bear--
``(i) a likeness of the Statue of Liberty
extending to the rim of the coin and large enough
to provide a dramatic representation of Liberty
while not being large enough to create the
impression of a `2-headed' coin;
``(ii) the inscription `$1'; and
``(iii) the inscription `United States of
America'.
``(B) Coin obverse.--The design on the obverse shall
contain--
``(i) the name and likeness of a President of
the United States; and
``(ii) basic information about the President,
including--
``(I) the dates or years of the term
of office of such President; and
``(II) a number indicating the order
of the period of service in which the
President served.
``(C) Edge-incused inscriptions.--
``(i) In general.--The inscription of the year
of minting or issuance of the coin and the
inscriptions `E Pluribus Unum' and `In God We
Trust' shall be edge-incused into the coin.
``(ii) Preservation of distinctive edge.--The
edge-incusing of the inscriptions under clause (i)
on coins issued under this subsection shall be
done in a manner that preserves the distinctive
edge of the coin so that the denomination of the
coin is readily discernible, including by
individuals who are blind or visually impaired.
``(D) Inscriptions of `liberty'.--Notwithstanding
the second sentence of subsection (d)(1), because the
use of a design bearing the likeness of the Statue of
Liberty on the reverse of the coins issued under this
subsection adequately conveys the concept of Liberty,
the inscription of `Liberty' shall not appear on the
coins.
``(E) Limitation in series to deceased presidents.--
No coin issued under this subsection may bear the image
of a living former or current President, or of any
deceased former President during the 2-year period
following the date of the death of that President.
``(3) Issuance of coins commemorating presidents.--
``(A) Order of issuance.--The coins issued under
this subsection commemorating Presidents of the United
States shall be issued in the order of the period of
service of each President, beginning with President
George Washington.
[[Page 119 STAT. 2667]]
``(B) Treatment of period of service.--
``(i) In general.--Subject to clause (ii),
only 1 coin design shall be issued for a period of
service for any President, no matter how many
consecutive terms of office the President served.
``(ii) Nonconsecutive terms.--If a President
has served during 2 or more nonconsecutive periods
of service, a coin shall be issued under this
subsection for each such nonconsecutive period of
service.
``(4) Issuance of coins commemorating 4 presidents during
each year of the period.--
``(A) In general.--The designs for the $1 coins
issued during each year of the period referred to in
paragraph (1) shall be emblematic of 4 Presidents until
each President has been so honored, subject to paragraph
(2)(E).
``(B) Number of 4 circulating coin designs in each
year.--The Secretary shall prescribe, on the basis of
such factors as the Secretary determines to be
appropriate, the number of $1 coins that shall be issued
with each of the designs selected for each year of the
period referred to in paragraph (1).
``(5) Legal tender.--The coins minted under this title shall
be legal tender, as provided in section 5103.
``(6) Treatment as numismatic items.--For purposes of
section 5134 and 5136, all coins minted under this subsection
shall be considered to be numismatic items.
``(7) Issuance of numismatic coins.--The Secretary may mint
and issue such number of $1 coins of each design selected under
this subsection in uncirculated and proof qualities as the
Secretary determines to be appropriate.
``(8) Termination of program.--The issuance of coins under
this subsection shall terminate when each President has been so
honored, subject to paragraph (2)(E), and may not be resumed
except by an Act of Congress.
``(9) Reversion to preceding design.--Upon the termination
of the issuance of coins under this subsection, the design of
all $1 coins shall revert to the so-called `Sacagawea-design' $1
coins.''.
. . .
SEC. 104. REMOVAL OF BARRIERS TO CIRCULATION.
Section 5112 of title 31, United States Code, as amended by sections
102 and 103, by adding at the end the following:
``(p) Removal of Barriers to Circulation of $1 Coin.--
``(1) <<NOTE: Effective date.>> Acceptance by agencies and
instrumentalities.--Beginning January 1, 2006, all agencies and
instrumentalities of the United States, the United States Postal
Service, all nonappropriated fund instrumentalities established
under title 10, United States Code, all transit systems that
receive operational subsidies or any disbursement of funds from
the Federal Government, such as funds from the Federal Highway
Trust Fund, including the Mass Transit Account, and all entities
that operate any business, including vending machines, on any
premises owned by the United States or under the control of any
agency or instrumentality of the United States, including the
legislative and judicial branches of the Federal Government,
[[Page 119 STAT. 2670]]
shall take such action as may be appropriate to ensure that by
the end of the 2-year period beginning on such date--
``(A) any business operations conducted by any such
agency, instrumentality, system, or entity that involve
coins or currency will be fully capable of accepting and
dispensing $1 coins in connection with such operations;
and
``(B) displays signs and notices denoting such
capability on the premises where coins or currency are
accepted or dispensed, including on each vending
machine.
``(2) Publicity.--The Director of the United States Mint,
shall work closely with consumer groups, media outlets, and
schools to ensure an adequate amount of news coverage, and other
means of increasing public awareness, of the inauguration of the
Presidential $1 Coin Program established in subsection (n) to
ensure that consumers know of the availability of the coin.
``(3) Coordination.--The Board of Governors of the Federal
Reserve System and the Secretary shall take steps to ensure that
an adequate supply of $1 coins is available for commerce and
collectors at such places and in such quantities as are
appropriate by--
``(A) consulting, to accurately gauge demand for
coins and to anticipate and eliminate obstacles to the
easy and efficient distribution and circulation of $1
coins as well as all other circulating coins, from time
to time but no less frequently than annually, with a
coin users group, which may include--
``(i) representatives of merchants who would
benefit from the increased usage of $1 coins;
``(ii) vending machine and other coin acceptor
manufacturers;
``(iii) vending machine owners and operators;
``(iv) transit officials;
``(v) municipal parking officials;
``(vi) depository institutions;
``(vii) coin and currency handlers;
``(viii) armored-car operators;
``(ix) car wash operators; and
``(x) coin collectors and dealers;
``(B) <<NOTE: Reports.>> submitting an annual report
to the Congress containing--
``(i) an assessment of the remaining obstacles
to the efficient and timely circulation of coins,
particularly $1 coins;
``(ii) an assessment of the extent to which
the goals of subparagraph (C) are being met; and
``(iii) such recommendations for legislative
action the Board and the Secretary may determine
to be appropriate;
``(C) consulting with industry representatives to
encourage operators of vending machines and other
automated coin-accepting devices in the United States to
accept coins issued under the Presidential $1 Coin
Program established under subsection (n) and any coins
bearing any design in effect before the issuance of
coins required under subsection (n) (including the so-
called `Sacagawea-design' $1
[[Page 119 STAT. 2671]]
coins), and to include notices on the machines and
devices of such acceptability;
``(D) ensuring that--
``(i) during an introductory period, all
institutions that want unmixed supplies of each
newly-issued design of $1 coins minted under
subsections (n) and (o) are able to obtain such
unmixed supplies; and
``(ii) circulating coins will be available for
ordinary commerce in packaging of sizes and types
appropriate for and useful to ordinary commerce,
including rolled coins;
``(E) working closely with any agency,
instrumentality, system, or entity referred to in
paragraph (1) to facilitate compliance with the
requirements of such paragraph; and
``(F) identifying, analyzing, and overcoming
barriers to the robust circulation of $1 coins minted
under subsections (n) and (o), including the use of
demand prediction, improved methods of distribution and
circulation, and improved public education and awareness
campaigns.
``(4) Bullion dealers.--The Director of the United States
Mint shall take all steps necessary to ensure that a maximum
number of reputable, reliable, and responsible dealers are
qualified to offer for sale all bullion coins struck and issued
by the United States Mint.
``(5) <<NOTE: Notification.>> Review of co-circulation.--At
such time as the Secretary determines to be appropriate, and
after consultation with the Board of Governors of the Federal
Reserve System, the Secretary shall notify the Congress of its
assessment of issues related to the co-circulation of any
circulating $1 coin bearing any design, other than the so-called
`Sacagawea-design' $1 coin, in effect before the issuance of
coins required under subsection (n), including the effect of co-
circulation on the acceptance and use of $1 coins, and make
recommendations to the Congress for improving the circulation of
$1 coins.''.
SEC. 105. SENSE OF THE CONGRESS.
It is the sense of the Congress that--
(1) the enactment of this Act will serve to increase the use
of $1 coins generally, which will increase the circulation of
the so-called ``Sacagawea-design'' $1 coins that have been and
will continue to be minted and issued;
(2) the continued minting and issuance of the so-called
``Sacagawea-design'' $1 coins will serve as a lasting tribute to
the role of women and Native Americans in the history of the
United States;
(3) the full circulation potential and cost-savings benefit
projections for the $1 coins are not likely to be achieved
unless the coins are delivered in ways useful to ordinary
commerce;
(4) the coins issued in connection with this title should
not be introduced with an overly expensive taxpayer-funded
public relations campaign;
(5) in order for the circulation of $1 coins to achieve
maximum potential--
(A) the coins should be as attractive as possible;
and
(B) the Director of the United States Mint should
take all reasonable steps to ensure that all $1 coins
minted
[[Page 119 STAT. 2672]]
and issued remain tarnish-free for as long as possible
without incurring undue expense; and
(6) if the Secretary of the Treasury determines to include
on any $1 coin minted under section 102 of this Act a mark
denoting the United States Mint facility at which the coin was
struck, such mark should be edge-incused.
. . .
Approved December 22, 2005.
LEGISLATIVE HISTORY--S. 1047 (H.R. 902):
---------------------------------------------------------------------------
HOUSE REPORTS: No. 109-39 accompanying H.R. 902 (Comm. on Financial
Services).
CONGRESSIONAL RECORD, Vol. 151 (2005):
Nov. 18, considered and passed Senate.
Dec. 13, considered and passed House.
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Coin Collecting, Coin Commentary and Coin Values
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