WEEKLY ONLINE COIN MAGAZINE

2007 George Washington dollar coin

Presidential dollar series starts

The Presidential dollar program debuted in 2007 with the release of the George Washington Presidential dollar coin. Four different presidents are honored each year and the series is set to continue through at least 2016. Under the provisions of the Presidential $1 Coin Act of 2005,
no Presidential dollars will be

issued for a living current or former president. As it stands today, the 40th president, Ronald Reagan, will appear on the final dollar of the series in 2016.

This issue of Coin World Next looks at some of the early designs for the coin series, production of the coin, errors that popped up and more.

Coin images courtesy of the United States Mint;
cover image of George Washington inspecting the first money coined by the
United States courtesy of the Library of Congress Prints and Photographs Division, Washington, D.C.

Coin cover sells out

It took two weeks for customers to place sufficient orders to exhaust all of the U.S. Mint's entire 50,000 George Washington Official American Presidency $1 Coin Covers. The covers were offered for sale by the U.S. Mint beginning April 2, 2007, and the sales limit was reached April 16.

The covers feature two circulation-quality George Washington Presidential dollar coins from the first day of production. Production of the 2007-P Washington Presidential dollars began at the Philadelphia Mint on Nov. 9, 2006, and production of the 2007-D dollar coins at the Denver Mint commenced Nov. 28, 2006. Both dates are reflected on the envelope.

Each cover includes the two Presidential dollar coins mounted in visible compartments, one above the other, on a display card and housed in a cachet affixed with the 39¢ Lady Liberty and Flag stamp. The postmark of Feb. 15, 2007, in Mount Vernon, Va., marks the day the George Washington Presidential $1 coins were first released to the Federal Reserve Banks and to the public.

The cover permits the viewing of the edge of the coin, which contains the incuse edge inscriptions.

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This design was recommended by the Citizens Coinage Advisory Committee.

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This design was recommended by the Commission of Fine Arts.

Twelve early designs for the George Washington Presidential dollar coin.

Joseph F. Menna, a medallic artist on the Mint's engraving staff in Philadelphia, demonstrates the use of computer software used to design the George Washington dollar coin.

Coin World photograph by Paul Gilkes.

The Proof die for the George Washington dollar coin.

Coin World photograph by Paul Gilkes.

Struck coins are delivered from a steel hopper down into a circular tray, left, that centrifugally feeds the coins horizontally at the rate of 1,000 per minute into the edge-inscribing channel.

Coin World photograph by Paul Gilkes.

Thousands of freshly struck 2007-P George Washington Presidential dollars sit in a hopper waiting for transfer to the edge-inscription press.

Coin World photograph by Paul Gilkes.

Struck coins are forced along this groove, which forms the incused inscriptions on the edge of the Presidential dollars.

Coin World photograph by Paul Gilkes.

Newly edge-lettered George Washington Presidential dollars glisten as they await transfer to the counting and bagging station before palleting and storage until needed for circulation.

Coin World photograph by Paul Gilkes.

The bagging station takes finished, edge-inscribed coins that are lifted in steel coinage hoppers from which they are vacuumed into the counting apparatus, where they are counted and bagged by number and weight before being stored until shipping.

Coin World photograph by Paul Gilkes.

Edge inscription in Philadelphia

The edge inscription that appears on the 2007 Presidential dollars was the culmination of more than a year of research and development needed to meet the mandates of the Presidential $1 Coin Act of 2005.

Coin World had the opportunity to document in person the production process and edge inscription application Feb. 7, 2007, at the Philadelphia Mint, where some 3 million 2007-P Presidential dollars were being struck around-the-clock daily during three shifts.

Engineers at the Philadelphia Mint adapted edge-inscription

Edge text

For the George Washington dollar coin, the edge inscription comprises the date, Mint mark, and mottos E PLURIBUS UNUM and IN GOD WE TRUST. The text IN GOD WE TRUST was moved to the obverse starting on Presidential dollar coins in 2009.

  MS-65 MS-68 PF-65 PF-69DC
2007-P G. Washington 2
2007-P G. Washington Satin Finish 2 10
2007-D G. Washington 2
2007-D G. Washington Satin Finish 2 10
(2007) G. Washington Plain Edge 75
2007-S G. Washington 3 15

Coin World's Making the Grade book

Coin World’s book Making the Grade now available in an expanded, third edition. The book is a visual guide to grading more than 80 series of U.S. coins.

The new edition of the book covers more than 30 new series not found in the second edition (which offers 50 series), with the majority of the new chapters focusing on 18th century and early 19th century coin series, as well as the latest series of 21st century coins.

The book has a retail price of $39.99, but is available from publisher Amos Hobby Publishing at the Amos Advantage price of $29.99.

Order from Amos Hobby Publishing at 800-572-6885 or at www.coinworld.com.

MORE INFO

GET THE BOOK!

Coin World's Making the Grade app

The Making the Grade app is a digital version of the popular grading guide book of the same name. It provides high-resolution color images of a wide range of grades for the top 50 most widely collected series of U.S. coins.

It also contains color maps, created by James Halperin of Heritage Auctions, that depict the critical areas of a coin’s surface as well as high-points maps that designate critical areas to check for evidence of wear.

The app is purchased through the free Coin World app available in the iTunes store.

MORE INFO

GET THE APP!

Images courtesy of HeritageAuctions.com.

Deep Cameo Proof set

This set of four 2007 Presidential dollar coins graded Deep Cameo Proof 69 by Numismatic Guaranty Corp. sold at auction in September 2009 for $34.

Edge errors
and more

U.S. Mint officials acknowledged that tens of thousands of 2007-P George Washington Presidential dollars were inadvertently shipped from the Philadelphia Mint without first having been subjected to the edge-inscribing operations. The bulk of the coins surfaced in circulation in northern Florida, predominantly in Jacksonville, and some were found in and around Chicago.

Examples of the Washington dollars without edge inscriptions were reported found within 2007-D dollar coin rolls wrapped by a Mint contractor.

As reports of the errors spread, the Professional Coin Grading Service offered a $2,500 bounty for the first Presidential dollar to appear with a blank obverse and reverse but with the edge inscriptions. A separate $10,000 reward was offered for the first submission of a 2007-P or 2007-D Sacagawea dollar bearing the Presidential dollar edge instead of the plain edge.

Examples of both errors did surface, both in Colorado, and both were products of the Denver Mint. Each of the collectors who discovered the pieces not only got the reward, but got to keep the errors, which were encapsulated in plastic holders by the grading service.

Organize your collection

Many options to choose
from Amos Advantage!

Research materials, coin folders and albums, and more! We offer different items and guides for your collection at www.amosadvantage.com.

  • Perfect for home or office: attractively designed coin showcase in mahogany wood grain finish with large glass window.

  • Amazing 2.0 megapixel resolution shows the smallest details on your computer screen.

  • Binder set that includes a beautiful, durable black binder along with a 10 pack of 12-slotted paper pages that hold 2x2 coin mounts.

Grading Indian Head (Buffalo) nickels

June 6, 2013

March with the buffalos in the June 6 issue of Coin World Next and learn about the history of the Indian Head (Buffalo) nickels, in addition to some grading tips.

2009 Ultra High Relief
gold $20 coin

June 13, 2013

The June 13 issue of Coin World Next takes a deep look at the 2009 Ultra High Relief gold coin. Learn about the coin's history, how it was produced, and more!

The greatest American medal?

June 20, 2013

The Libertas Americana medal is coveted by U.S. coin collectors because of its rich history, which links it directly to Benjamin Franklin, and its design, which was highly influential to the designers of the early coins of the newly formed United States of America.

Set collecting made easy

June 27, 2013

Whether you like the familiarity of coin folders with preprinted date and Mint mark combinations or want to move beyond the folder, the June 27 Coin World Next will provide some great sets you can start assembling today.

Grading Seated Liberty quarter dollars

July 4, 2013

Take a seat to learn about the long running Seated Liberty quarter dollar series in the July 4 Coin World Next. Some grading tips are also included in this issue!

  • June 6, 2013

  • June 13, 2013

  • June 20, 2013

  • June 27, 2013

  • July 4, 2013

Coin World file image.

Coin World file image.

Images courtesy of Professional Coin Grading Service.

Images courtesy of HeritageAuctions.com.

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