The 2007 Presidential Dollar series introduced a unique error that has captivated numismatists: the Missing Edge Lettering.
This anomaly, particularly found in the George Washington, John Adams, and Thomas Jefferson coins, has transformed ordinary $1 coins into prized collectibles, with some fetching prices as high as $5,000.
Introduction to the 2007 Presidential Dollar Series
In 2007, the U.S. Mint launched the Presidential Dollar Program to honor former U.S. presidents. These coins featured edge inscriptions, including the year of minting, mint mark, and the mottos “In God We Trust” and “E Pluribus Unum.”
However, due to a minting oversight, some coins were released without these edge inscriptions, leading to the Missing Edge Lettering error.
Understanding the Missing Edge Lettering Error
The Missing Edge Lettering error occurs when coins skip the edge-lettering process during minting, resulting in a smooth edge devoid of inscriptions.
This error is most commonly associated with the George Washington, John Adams, and Thomas Jefferson Presidential Dollars.
Notable Examples and Their Values
The value of these error coins varies based on factors like rarity, condition, and demand. Here’s a closer look at some notable examples:
- George Washington Missing Edge Lettering Dollar: An estimated 100,000 to 200,000 of these errors were released. Initially, some sold for up to $5,000, but as more surfaced, prices stabilized. Currently, coins graded MS65 can fetch around $1,225.
- John Adams Missing Edge Lettering Dollar: Scarcer than the Washington variant, with approximately 1,800 graded by PCGS. These coins are valued higher due to their rarity.
- Thomas Jefferson Missing Edge Lettering Dollar: Considered the rarest among the three, with about 1,300 graded examples. Some of the first sales reached up to $5,000.
Factors Influencing the Value
Several factors determine the value of these error coins:
- Rarity: Fewer known examples increase a coin’s desirability.
- Condition: Coins in Mint State (MS) grades, especially MS65 and above, command higher prices.
- Market Demand: High collector interest can drive up values.
Collecting and Authenticating
For those interested in collecting these coins:
- Authentication: Ensure the coin is certified by reputable grading services like PCGS or NGC.
- Condition Assessment: Aim for coins in higher Mint State grades.
- Market Research: Stay updated on current market trends and auction results.
Key Information
| Coin Type | Estimated Number Released | Initial Sale Price | Current Value (MS65) | Notable Sales Price |
|---|---|---|---|---|
| George Washington Missing Edge Dollar | 100,000 to 200,000 | Up to $5,000 | Around $1,225 | $1,225 in 2020 |
| John Adams Missing Edge Dollar | Approximately 1,800 | Higher than Washington variant | Varies | Not specified |
| Thomas Jefferson Missing Edge Dollar | About 1,300 | Up to $5,000 | Varies | Not specified |
The 2007 Presidential Dollars with Missing Edge Lettering represent a fascinating chapter in numismatic history. Their unique error, combined with varying degrees of rarity, has made them highly sought after by collectors.
Whether you’re a seasoned numismatist or a curious enthusiast, these coins offer a tangible connection to a moment when minting mishaps led to unexpected treasures.
FAQs
How can I identify a Missing Edge Lettering Presidential Dollar?
Examine the coin’s edge; if it’s smooth without any inscriptions, it likely has the Missing Edge Lettering error.
Are all 2007 Presidential Dollars with Missing Edge Lettering valuable?
While many have value, factors like the specific president, coin condition, and market demand influence their worth.
Where can I sell a 2007 Presidential Dollar with Missing Edge Lettering?
Consider reputable coin dealers, auction houses, or online platforms specializing in numismatics.