The 2007 James Madison Presidential Dollar Coin is important and is considered by some collectors to be the most valuable Presidential Dollar. It was issued from the U.S. Mint, honoring James Madison, the fourth President of the United States, who served from 1809 to 1817. This coin is part of the Presidential Dollar series, which commemorates U.S. Presidents in the order they served..
History of 2007 James Madison Presidential Dollar
It was issued on President’s Day Weekend in 2007, the Presidential Dollar series was presented to observe all deceased U.S. Presidents. This series was expected to be one of the most successful coin collections in U.S. history, exceeding even the popular State Quarter Program. Each President is featured on a unique golden-colored coin, with the series being an honor to the nation’s authorities.
Specifications
- Year: 2007
- Mint(s): Denver
- Designer: Don Everhart
- Composition: Manganese brass
- Diameter: 26.5 mm
- Face Value: 1 USD
- Mintage: Limited
Coins are made in Uncirculated condition at the Philadelphia and Denver Mints, while proof coins are struck at the San Francisco Mint. The Denver Mint’s version of this coin is in Uncirculated condition, layered in 24-karat gold, and sealed to be preserved.
Design
Obverse
The obverse side of the coin shows a portrait of James Madison, with his name and time details (4th president 1809- 1817) inscribed around the edge. This site highlights Madison’s legacy and historical value.
Reverse
The reverse side shows the Statue of Liberty, spanning from the lower right to the upper left of the design. A large “$1” is on the right side, with “UNITED STATES OF AMERICA” surrounding the edge from 7 to 3 o’clock. This design highlights the coin’s denomination and national symbolism.
Rarity and Condition
The James Madison Presidential Dollar is regarded to be of collectible value due to its little mintage and the popularity of the Presidential Dollar series. As with other coins in this series, those in pristine Uncirculated condition are more sought after by collectors. Using a coin value checker can help determine the current worth of such coins. Coins with high-quality minting and preservation are more valuable, especially those that are held in protective storage.
Errors
While the James Madison Presidential Dollar is usually of high quality, errors may occur during the minting process. Common errors could be different designs for the Statue of Liberty or the picture, or neglected edge lettering. These errors can increase the coin’s value to collectors and make it more unique.
Value of 2007 James Madison Presidential Dollar
The 2007 James Madison Presidential Dollar Coin’s value depends on collectors’ demands, conditions, and rarity. Superb Uncirculated or proof coins may have higher values, especially if they have an important error. To determine the exact value of the coin, collectors must turn to professional grading services and current market prices.
The fourth and last coin of the Presidential dollar series’ first year was James Madison. Circulated coins typically have a nominal value of around $1. Once again, the mintages of the circulating issues were decreased; this time, by almost 20%, to an overall figure of only 172 million.
Also Read – 2007 Thomas Jefferson Presidential Dollar: History, Value, and Design
Conclusion
The fourth President of the United States was recognized with the Presidential Dollar series. It is most important for American numismatics because of its unique design, small mintage, and historical importance. This coin is valuable to collectors and historical enthusiasts due to its elegant design and its symbolic value in American presidential history.