The 2007-D George Washington Dollar, First Day of Issue is a fascinating piece for coin collectors and enthusiasts alike. Despite being a relatively modern coin, it carries a special designation and value, with some examples worth up to $475. Surprisingly, many of these coins are still circulating in everyday transactions, often unnoticed by the general public.
What Is the 2007-D George Washington Dollar?
The 2007-D George Washington Dollar is part of the Presidential $1 Coin Program, launched by the United States Mint to honor former U.S. presidents. Each coin in this series features a president’s portrait on the obverse and the Statue of Liberty on the reverse.
The “D” mint mark indicates the coin was produced at the Denver Mint.
The First Day of Issue designation refers to coins released on the very first day a particular coin was officially issued by the Mint, often making them more desirable to collectors.
Understanding the “First Day of Issue” Concept
The First Day of Issue label is a marketing and collectible term used by the U.S. Mint and coin collectors. It signifies that a coin was released on the very first day the Mint issued that specific coin design.
For the 2007-D George Washington Dollar, this means coins struck and released on the program’s initial release date.
Coins with this status often come in special packaging or are certified by grading services to authenticate their “first day” status. Such coins typically attract premium prices compared to standard circulation coins.
Why Is the 2007-D George Washington Dollar, First Day of Issue Worth $475?
Several factors contribute to the coin’s elevated value:
- Limited Mintage: While millions of standard George Washington dollars were minted, the number designated as First Day of Issue coins is significantly smaller.
- Collector Demand: The Presidential $1 Coin Program is popular among collectors, especially for key dates and mint marks.
- Condition: First Day of Issue coins tend to be well-preserved due to their collector-oriented release, with many graded highly.
- Historical and Cultural Appeal: Featuring George Washington, the nation’s first president, adds intrinsic interest.
While most circulation 2007-D George Washington dollars are worth face value ($1), First Day of Issue examples can command prices nearing $475 when in pristine condition.
How to Identify a 2007-D George Washington Dollar, First Day of Issue
Identifying a genuine First Day of Issue coin involves checking several features:
- Mint Mark “D”: Found on the obverse side near the date.
- First Day of Issue Certification: Official coins come with documentation or packaging from the Mint or professional grading services.
- Condition: These coins are usually in uncirculated or near-perfect condition.
- Date and Design: Obverse features George Washington, with the date “2007” and mint mark; reverse shows the Statue of Liberty.
Since many coins with this mint mark circulate normally, certification is key for proving First Day of Issue status.
The Coin’s Circulation Status
Despite its collectible value, the 2007-D George Washington Dollar remains in circulation. It’s common to find these coins in change at banks, vending machines, and everyday transactions.
Because the coin looks similar to regular dollar coins and the First Day of Issue status isn’t visually obvious without certification, many owners may unknowingly have a valuable coin.
If you receive a 2007-D George Washington Dollar, especially in excellent condition, it might be worth getting it evaluated by a coin expert.
Table: Value of 2007-D George Washington Dollar by Condition and Certification
| Condition | Description | Approximate Value (USD) |
|---|---|---|
| Circulated | Shows wear, in everyday use | $1 (Face Value) |
| Uncirculated (MS-60) | No wear, basic mint state | $2 – $5 |
| First Day of Issue (Certified, MS-65) | Perfect condition with certification | $300 – $475 |
| Proof Version (Special Mint Set) | Special finish, collector’s set | $20 – $50 |
How to Authenticate and Protect Your 2007-D George Washington Dollar
To maximize value and ensure authenticity:
- Certification: Have the coin certified by reputable services like PCGS or NGC.
- Packaging: Keep original packaging if available to prove First Day of Issue status.
- Storage: Use protective holders or coin flips to avoid damage.
- Professional Appraisal: Consult a professional numismatist to verify condition and value.
Avoid selling without proper verification, as counterfeit or altered coins can affect market value.
Tips for Collectors and Investors
- Check Change Regularly: Coins with collectible status can still be found in circulation.
- Stay Informed: Follow market trends for Presidential $1 coins.
- Join Coin Clubs: Networking with other collectors can help find valuable coins.
- Buy Certified Coins: For guaranteed authenticity and condition.
- Consider Long-Term Holding: Values may increase as coins become scarcer in circulation.
FAQs About the 2007-D George Washington Dollar, First Day of Issue
Q1: How rare is the First Day of Issue 2007-D George Washington Dollar?
A: It is relatively rare compared to standard circulation coins but was still produced in decent quantities.
Q2: Can I tell if my coin is a First Day of Issue by looking at it?
A: No, you need certification or original packaging to confirm First Day of Issue status.
Q3: What does the “D” mint mark mean?
A: It indicates the coin was minted in Denver.
Q4: Are all 2007 George Washington Dollars valuable?
A: No, only certified First Day of Issue or proof coins typically have premium value.
Q5: Where can I get my coin certified?
A: Professional grading services such as PCGS and NGC offer certification and grading.
The 2007-D George Washington Dollar, First Day of Issue, remains a noteworthy collectible coin with both historical and monetary appeal. Its unique status and ongoing circulation make it a fascinating coin for both casual holders and dedicated collectors. If you come across one, consider having it appraised — you might be holding a valuable piece of American numismatic history worth hundreds of dollars.
