Discover the Value of the 2007 P James Madison Presidential Dollar Coin!

The 2007 P Presidential Dollar featuring James Madison is part of the United States Mint’s Presidential $1 Coin Program. This series began in 2007 to honor each U.S. President with a specially minted golden dollar coin. The James Madison dollar is the fourth coin in the series, celebrating and honoring an iconic leader in American history. Here’s a closer look at the features, history, and value of this unique coin.

Who Was James Madison?

James Madison, often called the “Father of the Constitution,” served as the fourth President of the United States from 1809 to 1817. He played a crucial role in drafting the U.S. Constitution and was instrumental in creating the Bill of Rights. His leadership extended into the War of 1812, where he helped guide the young nation through one of its most challenging conflicts. Madison’s legacy is one of intellectual prowess and dedication to the democratic principles that form the foundation of American governance.

It’s fitting that James Madison would be commemorated with his own Presidential dollar coin, part of a series designed to educate the public and honor the country’s greatest leaders.

Coin Design and Features

The 2007 P James Madison Presidential Dollar is a gold-colored coin made from a combination of metals, including copper, zinc, manganese, and nickel. Although it looks like gold, the coin does not contain any actual gold. The coin was struck at the Philadelphia Mint, as indicated by the “P” mint mark on the edge of the coin.

Design Features Table

Feature	Description
Obverse (Front)	A portrait of James Madison, designed by Don Everhart. Madison’s name and “4th President 1809-1817” are inscribed.
Reverse (Back)	Features the Statue of Liberty with the inscription “United States of America” and the denomination “$1” at the bottom.
Edge Lettering	Includes the inscriptions “E Pluribus Unum,” “In God We Trust,” and “2007,” along with the mint mark “P.”

The golden finish and elegant design make these coins both aesthetically appealing and historically significant.

Mintage and Availability

The 2007 P James Madison dollar had a substantial mintage. Around 84,560,000 coins were struck at the Philadelphia Mint. This large production run makes the coin relatively easy to find today, though some varieties and high-grade examples can be valuable to collectors.

Mintage Details Table

Mintage Location	Total Coins Minted	Common Value (Circulated)
Philadelphia Mint	84,560,000	Around $1

Coins in uncirculated condition or those graded highly by professional services, such as MS65 or MS67 (Mint State), can command higher prices due to their rarity in perfect condition. These coins were also released in special Presidential Dollar sets and proof sets, which are highly sought after by collectors who prefer coins in pristine condition.

Errors and Varieties

Like any mass-produced coin, some James Madison Presidential dollars feature errors that make them more valuable to collectors. Common errors associated with this coin include:

Error Types Table

Error Type	Description	Potential Value
Missing Edge Lettering	Edge lacks standard inscriptions, making it rare.	Can be worth $50-$100+
Weak Edge Lettering	Faint or poorly struck edge inscriptions.	Value varies by rarity.
Misaligned Die	Off-center design on the obverse or reverse.	Can increase collectibility.

If you come across a 2007 P James Madison dollar with any of these errors, it could be worth having it evaluated by a professional coin grading service.

Collecting the James Madison Dollar

The James Madison Presidential Dollar is an essential part of the Presidential $1 Coin Program and a great addition to any collection focusing on U.S. history or presidential memorabilia. Collectors often seek these coins for their historical value, aesthetic appeal, and affordability. While some rare coins may be worth thousands or even millions of dollars, the James Madison dollar is generally accessible to both novice and experienced collectors alike.

Tips for Collecting Presidential Dollars

Tip	Description
Focus on Condition	Look for uncirculated or Mint State coins.
Complete the Series	Try to collect coins of all U.S. Presidents.
Look for Special Sets	Consider special proof sets for added value.

Coin Value and Pricing

As of now, most 2007 P James Madison dollars in circulated condition are worth around $1, as they were intended for everyday use. However, coins in uncirculated or near-perfect condition, especially those graded MS65 or higher, can be worth more.

Pricing Overview Table

Condition	Estimated Value
Circulated	Around $1
Uncirculated (MS65)	$2 to $4
Error Coins	$50 to $100+

Coins with errors or varieties, such as missing edge lettering, can be worth considerably more. Some error coins have sold for $50 to $100 or more, depending on the specific variety and the condition of the coin.

If you believe you have a rare or error coin, it’s a good idea to have it appraised by a professional coin grading service to determine its true value.

Conclusion

The 2007 P James Madison Presidential Dollar is not just a piece of currency but a symbol of American history, honoring one of the nation’s founding fathers. With its unique design, edge lettering, and historical significance, it’s a favorite among collectors and history enthusiasts alike. While not inherently valuable in circulated condition, uncirculated or error coins can be worth more, making it an exciting addition to any collection.

Whether you’re a seasoned collector or just getting started, the James Madison dollar offers an accessible entry point into the world of numismatics. Its connection to one of America’s most influential Presidents, combined with its distinctive features, ensures its lasting appeal. So, keep an eye out for these golden coins—you never know what treasures you might find!

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