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2007 Jamestown 400th Anniversary Silver Dollar Coin

CoinTrapTM Commentary: In 1607, three ships and 105 settlers arrived in the New World. The Virginia Company’s purpose was to establish an English settlement in North America.  The company included the first permanent English settlers in what would eventually become the United States. This small band of settlers produced lasting effects on the United States. For example, the United States to this day derives much from the English common law, the English language, cross cultural relationships, manufacturing, and economic structure and status promulgated during the time and settlement of Jamestown.

On the 400th year anniversary of their arrival, the United States honored the founding of the settlement with the Jamestown 400th Anniversary Silver Dollar coin.  The obverse of the coin features three faces of diversity, representing the three cultures that came together in Jamestown. The reverse of the coin is a depiction of the three ships that brought the first settlers to Jamestown in 1607.

Coin Value: What is the value of your Jamestown 400th Anniversary Silver Dollar coin? It depends. (Yep, as usual.) The Jamestown 400th Anniversary Silver Dollar coin worth or value depends on these main factors: (1) your coin’s grade, (2) whether it is a proof coin (Deep Cameo or DCAM) having a mirror-like polished finish, and (3) 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 Jamestown 400th Anniversary Silver 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 Jamestown 400th Anniversary Silver coin, 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.

2007 Jamestown 400th Anniversary Silver Dollar Coin - Obverse

2007 Jamestown 400th Anniversary Silver Dollar Coin - Reverse

Obverse - Jamestown 400th Anniversary Silver Dollar Coin

Designer: Donna Weaver
Engraver: Don Everhart

Reverse - Jamestown 400th Anniversary Silver Dollar Coin

Designer: Susan Gamble
Engraver: Charles Vickers

United States Mint images. CoinTrap.com is not affiliated with the United States Government in any way. Click here for terms and conditions.

    [[Page 118 STAT. 1017]]

    Public Law 108-289
    108th Congress

                                     An Act

         To provide for the issuance of a coin to commemorate the 400th
     anniversary of the Jamestown settlement. <<NOTE: Aug. 6, 2004 - [H.R.
                                   1914]>>

       Be it enacted by the Senate and House of Representatives of the
    United States of America in Congress assembled, <<NOTE: Jamestown 400th
    Anniversary Commemorative Coin Act of 2004. 31 USC 5112 note.>>

    SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Jamestown 400th Anniversary
    Commemorative Coin Act of 2004''.

    SEC. 2. FINDINGS.

       The Congress makes the following findings:
               (1) The founding of the colony at Jamestown, Virginia, in
           1607, the first permanent English colony in America, and the
           capital of Virginia for 92 years, has major significance in the
           history of the United States.
               (2) The Jamestown Settlement brought people from throughout
           the Atlantic Basin together to form a society that drew upon the
           strengths and characteristics of English, European, African, and
           Native American cultures.
               (3) The economic, political, religious, and social
           institutions that developed during the first 9 decades of the
           existence of Jamestown continue to have profound effects on the
           United States, particularly in English common law and language,
           cross cultural relationships, manufacturing, and economic
           structure and status.
               (4) The National Park Service, the Association for the
           Preservation of Virginia Antiquities, and the Jamestown-Yorktown
           Foundation of the Commonwealth of Virginia collectively own and
           operate significant resources related to the early history of
           Jamestown.
               (5) In 2000, Congress established the Jamestown 400th
           Commemoration Commission to ensure a suitable national
           observance of the Jamestown 2007 anniversary and to support and
           facilitate marketing efforts for a commemorative coin, stamp,
           and related activities for the Jamestown 2007 observances.
               (6) A commemorative coin will bring national and
           international attention to the lasting legacy of Jamestown,
           Virginia.
               (7) The proceeds from a surcharge on the sale of such
           commemorative coin will assist the financing of a suitable
           national observance in 2007 of the 400th anniversary of the
           founding of Jamestown, Virginia.

    [[Page 118 STAT. 1018]]

    SEC. 2. COIN SPECIFICATIONS.

       (a) Denominations.--The Secretary of the Treasury (hereafter in this
    Act referred to as the ``Secretary'') shall mint and issue the following
    coins:
               (1) $5 gold coins.--Not more than 100,000 5 dollar coins,
           which shall--
                       (A) weigh 8.359 grams;
                       (B) have a diameter of 0.850 inches; and
                       (C) contain 90 percent gold and 10 percent alloy.
               (2) $1 silver coins.--Not more than 500,000 1 dollar coins,
           which shall--
                       (A) weigh 26.73 grams;
                       (B) have a diameter of 1.500 inches; and
                       (C) contain 90 percent silver and 10 percent copper.

       (b) Legal Tender.--The coins minted under this Act shall be legal
    tender, as provided in section 5103 of title 31, United States Code.
       (c) Numismatic Items.--For purposes of sections 5134 and 5136 of
    title 31, United States Code, all coins minted under this Act shall be
    considered to be numismatic items.

    SEC. 3. SOURCES OF BULLION.

       The Secretary shall obtain gold and silver for minting coins under
    this Act pursuant to the authority of the Secretary under other
    provisions of law.

    SEC. 4. DESIGN OF COINS.

       (a) Design Requirements.--
               (1) In general.--The design of the coins minted under this
           Act shall be emblematic of the settlement of Jamestown,
           Virginia, the first permanent English settlement in America.
               (2) Designation and inscriptions.--On each coin minted under
           this Act there shall be--
                       (A) a designation of the value of the coin;
                       (B) an inscription of the year ``2007''; and
                       (C) inscriptions of the words ``Liberty'', ``In God
                   We Trust'', ``United States of America'', and ``E
                   Pluribus Unum''.

       (b) Selection.--The design for the coins minted under this Act shall
    be--
               (1) selected by the Secretary after consultation with--
                       (A) the Jamestown 2007 Steering Committee, created
                   by the Jamestown-Yorktown Foundation of the Commonwealth
                   of Virginia;
                       (B) the National Park Service; and
                       (C) the Commission of Fine Arts; and
               (2) reviewed by the citizens advisory committee established
           under section 5135 of title 31, United States Code.

    SEC. 5. ISSUANCE OF COINS.

       (a) Quality of Coins.--Coins minted under this Act shall be issued
    in uncirculated and proof qualities.
       (b) Mint Facility.--Only 1 facility of the United States Mint may be
    used to strike any particular combination of denomination and quality of
    the coins minted under this Act.
       (c) Period for Issuance.--The Secretary may issue coins minted under
    this Act only during the period
    beginning on January 1, 2007, and ending on December 31, 2007.

    [[Page 118 STAT. 1019]]

    SEC. 6. SALE OF COINS.

       (a) Sale Price.--Notwithstanding any other provision of law, the
    coins issued under this Act shall be sold by the Secretary at a price
    equal to the face value, plus the cost of designing and issuing such
    coins (including labor, materials, dies, use of machinery, overhead
    expenses, and marketing).
       (b) Bulk Sales.--The Secretary shall make bulk sales of the coins
    issued under this Act at a reasonable discount.
       (c) Prepaid Orders.--
               (1) In general.--The Secretary shall accept prepaid orders
           for the coins minted under this Act before the issuance of such
           coins.
               (2) Discount.--Sale prices with respect to prepaid orders
           under paragraph (1) shall be at a reasonable discount.

    SEC. 7. SURCHARGES.

       (a) Surcharge Required.--All sales shall include a surcharge of $35
    per coin for the $5 coins and $10 per coin for the $1 coins.
       (b) Distribution.--Subject to section 5134(f) of title 31, United
    States Code, all surcharges which are received by the Secretary from the
    sale of coins issued under this Act shall be promptly paid by the
    Secretary as follows:
               (1) Programs to promote understanding of the legacies of
           jamestown.--\1/2\ of the surcharges shall be used to support
           programs to promote the understanding of the legacies of
           Jamestown and for such purpose shall be paid to the Jamestown-
           Yorktown Foundation of the Commonwealth of Virginia.
               (2) Other purposes for surcharges.--
                       (A) In general.--\1/2\ of the surcharges shall be
                   used for the following purposes:
                             (i) To sustain the ongoing mission of
                         preserving Jamestown.
                             (ii) To enhance national and international
                         educational programs relating to Jamestown,
                         Virginia.
                             (iii) To improve infrastructure and
                         archaeological research activities relating to
                         Jamestown, Virginia.
                             (iv) To conduct other programs to support the
                         commemoration of the 400th anniversary of the
                         settlement of Jamestown, Virginia.
                       (B) Recipients of surcharges for such other
                   purposes.--The surcharges referred to in subparagraph
                   (A) shall be distributed by the Secretary in equal
                   shares to the following organizations for the purposes
                   described in such subparagraph:
                             (i) The Secretary of the Interior.
                             (ii) The Association for the Preservation of
                         Virginia Antiquities.
                             (iii) The Jamestown-Yorktown Foundation of the
                         Commonwealth of Virginia.

       (c) Audits.--The Jamestown-Yorktown Foundation of the Commonwealth
    of Virginia, the Secretary of the Interior, and the Association for the
    Preservation of Virginia Antiquities shall each be subject to the audit
    requirements of section 5134(f)(2) of title 31, United States Code.

       (d) Limitation.--Notwithstanding subsection (a), no surcharge may be
    included with respect to the issuance under this Act of

    [[Page 118 STAT. 1020]]

    any coin during a calendar year if, as of the time of such issuance, the
    issuance of such coin would result in the number of commemorative coin
    programs issued during such year to exceed the annual 2 commemorative
    coin program issuance limitation under section 5112(m)(1) of title 31,
    United States Code (as in effect on the date of the enactment of this
    Act). The Secretary of the Treasury may issue guidance to carry out this
    subsection.

       Approved August 6, 2004.

    LEGISLATIVE HISTORY--H.R. 1914:
    ---------------------------------------------------------------------------

    HOUSE REPORTS: No. 108-472, Pt. 1 (Comm. on Financial Services) and Pt.
    2 (Comm. on Ways and Means).
    CONGRESSIONAL RECORD,
                                                           Vol. 150 (2004):
               July 14, considered and passed House.
               July 20, considered and passed Senate.
     

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