2007 (P) Presidential Dollar - James Madison, Position B

Coin Details

Auction Record

$57 MS69 01-24-2017 Heritage Auctions

Description

A dollar from the Philadelphia Mint, the 2007 (P) Presidential Dollar - James Madison, Position B belongs to the Presidential Dollars 2007 to Date series. The U.S. Mint produced 84.6 million examples, making this the lowest mintage among 20 mint variants, representing only 4% of total production. The obverse features rotating portraits of each U.S. president in order of service, released four per year and the reverse displays the Statue of Liberty. The fourth President (1809–1817), James Madison is known as the "Father of the Constitution" for his pivotal role in drafting the document and the Bill of Rights. His presidency was defined by the War of 1812, during which the British burned the White House and Capitol in 1814. Inaugural year of the Presidential Dollar Program, honoring Washington, Adams, Jefferson, and Madison. The "Godless Dollar" error — coins struck without the edge-incused motto IN GOD WE TRUST — generated national headlines and collector frenzy. Philadelphia's mint — the nation's first — has produced coins without interruption since its founding in 1792. Estimated market value ranges from $1 to $5 depending on grade and condition. Struck in 88.5% copper, 6% zinc, 3.5% manganese and 2% nickel, weighing 8.1 grams, 26.5 mm in diameter, with a lettered edge. Cataloged as PCGS #150225.