The 2007-D $1 George Washington coin holds a significant place in numismatic history, marking the beginning of the Presidential Dollar Coin Program. Its unique features, historical importance, and auction performance make it a sought-after item for collectors and enthusiasts alike.
Design and Composition
This Article Includes
Designed by talented engravers Joseph Menna and Don Everhart, the 2007-D George Washington dollar coin is notable not only for its design but also for its specific composition. Weighing in at 8.10 grams, this coin is made up of 88.5% copper, 3.5% zinc, and 2% nickel. This blend of metals gives it a distinct appearance and weight, contributing to its overall aesthetic appeal.
Minting and Release
Minted in Denver, the circulation strike of the 2007 George Washington dollar was officially released on February 15, 2007. As the first coin in the Presidential Dollar Coin Program, it set the stage for subsequent releases featuring other U.S. presidents. The significance of being the inaugural design enhances its desirability among collectors.
Auction Success and Value
In recent years, the 2007-D $1 George Washington coin achieved remarkable auction success, reaching a price of $1,575 during an eBay auction a few years ago. Although it has not been sold recently, the current economic climate, including inflation and increased collector interest, could potentially elevate its value further if it were to go up for auction again. This prospect excites many collectors, who see it as an opportunity to acquire a valuable piece of American numismatic history.
Reasons for Its Value
The 2007-D George Washington dollar’s value is attributed to several factors:
- Historical Significance: As the first design in the Presidential Dollar Coin Program, it represents a new chapter in American coinage.
- Mint Errors: This coin is notable for having a mint error, which significantly contributes to its market value. Collectors often seek out coins with unique features or imperfections, making such specimens highly desirable.
- Collector Interest: The growing interest in presidential coins, especially those with unique characteristics, enhances the overall market value of this particular coin.
Conclusion
The 2007-D $1 George Washington coin is more than just currency; it is a collectible item that encapsulates a part of American history. Its unique design, minting significance, and auction success make it a standout piece in any collection. As the numismatic community continues to evolve, this coin remains a testament to the enduring interest in U.S. coins and their historical narratives. Collectors and enthusiasts alike should keep a keen eye on this valuable specimen, as its worth may continue to rise in the coming years.