The James Madison dollar coins aren't rare or valuable. However these coins in uncirculated condition can sell for a premium. Keep reading to learn more about these coins.
James Madison was the 4th president of the United States of America. The date range 1809-1817 inscribed on the coin signifies his time in office.
Specifications
Type: Presidential Dollar
Year: 2007
Face Value: $1.00
Composition: 88.5% copper, 6% zinc, 3.5% manganese, 2% nickel
Total Weight: 8.1 grams
The US minted the 2007 P James Madison dollar coin, 2007 D James Madison dollar coin, and 2007 S proof James Madison dollar coin. The mint mark can be found on the edge of the coin.
Proof coins are essentially coins that have more detail. They are minted on special planchets and it takes longer to produce them. They are specifically made for collectors so you won't find any in your spare change.
| Series | Location | Quantity Minted |
|---|---|---|
| 2007 P | Philadelphia | 84,560,000 |
| 2007 D | Denver | 87,780,000 |
| 2007 S Proof | San Francisco | 3,965,989 |
Value
The 2007 James Madison dollar coins in circulated condition are only worth their face value of $1.00. These coins only sell for a premium in uncirculated condition.
Both the 2007 P James Madison dollar coin and 2007 D James Madison dollar coin are each worth around $5 in uncirculated condition with an MS 65 grade.
The 2007 S proof James Madison dollar coin is worth around $4.25 in PR 65 condition.
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Grading System
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
PR 65 proof- There are no flaws to this coin. A few blemishes may be present.
Sources:
See also:
George Washington Dollar Coin
John Adams Dollar Coin
Thomas Jefferson Dollar Coin