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2007 Presidential Dollars

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).

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.

2007 Presidential $1 Dollar Stack

2007 Presidential $1 Dollar Reverse

 Stack - Presidential $1 Dollar

Individual coins including presidents on the obverse of the coins as released in 2007 are shown below.

Reverse - Presidential $1 Dollar

Statue of Liberty - United States of America

Designer: Don Everhart
Sculptor: Don Everhart

2007 Presidential Dollars

George Washington 2007 Presidential  $1  Dollar

Obverse - George Washington 2007 Presidential Dollar Coin
1st President
1789 - 1797

Designer: Joseph Menna
Sculptor: Joseph Menna

John Adams 2007 Presidential  $1  Dollar

Obverse - John Adams 2007 Presidential Dollar Coin
2nd President
1797 - 1801

Designer: Joel Iskowitz
Sculptor: Charles Vickers

Thomas Jefferson 2007 Presidential  $1  Dollar

Obverse - Thomas Jefferson 2007 Presidential Dollar Coin
3rd President
1801 - 1809

Designer: Joseph Menna
Sculptor: Joseph Menna

James Madison 2007 Presidential  $1  Dollar

Obverse - James Madison 2007 Presidential Dollar Coin
4th President
1809 - 1817

Designer: Joel Iskowitz
Sculptor: Don Everhart

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

      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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