2007 (S) Proof Presidential Dollar - James Madison

Coin Details

Auction Record

$127 PR70 01-20-2008 Heritage Auctions

Description

The 2007 (S) Proof Presidential Dollar - James Madison is a proof dollar struck at the San Francisco Mint, part of the Presidential Dollars 2007 to Date series. The U.S. Mint produced 4.0 million examples, making this ranked 18th of 41 mint variants by mintage, with less than 1% of 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. As a proof issue, this coin was struck multiple times on specially prepared polished planchets using polished dies, producing mirror-like fields and frosted design elements prized by collectors. Struck at the San Francisco Mint, established during the California Gold Rush and now primarily producing proof and collector coins. Estimated market value is approximately $5. 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 #150235.