2007-P $1 James Madison Position A - First Day of Issue MS66 Certification #13061052, PCGS #148111

Expert Comments

Jaime Hernandez

James Madison was the 4th President of the United States. Therefore, the James Madison Dollar was also the 4th design issued in the Presidential Dollar Coin Program.

Obverse: A portrait of James Madison is featured on the coin along with the inscriptions, James Madison which are located right above his own portrait. Arched below Madison, are the inscriptions, 13th President, 1850-1853 or the years in which he served as President of the United States.
 
Reverse: The reverse of the coin features the Statue of Liberty along with a $1 symbol under Liberty’s right arm, with the $1 symbol, indicating the legal tender value of the coin. The words, United States of America, are also encircled around the coin.
 
Edge: The edge inscriptions will read 2007-P which refer to the date in which the coins were officially released into circulation, along with the P mint mark, representing the Mint in which the coins were produced. Circulation strike coins go through a Schuler edge lettering machine which applies inscriptions on the coins edge. 
 
Position A: The coin's edge lettering reads upside-down when the President's portrait faces up. 
 
Release Date: The James Madison circulation strike Presidential Dollars were officially released on November 15, 2007.
 
First Day of Issue: Coins submitted to PCGS on or before November 15, 2007, qualified to receive a special First Day of Issue label on the PCGS holder.
 
Public Law: James Madison Dollars were struck under the Presidential Dollar Coin Program Act, which was authorized under Public Law 109-145.
Diameter
26.50 millimeters
Designer
Joel Iskowitz/Don Everhart
Edge
Lettered
Mintage
84560000
Weight
8.10 grams
Metal Content
88.5% Copper, 6% Zinc, 3.5% Manganese and 2% Nickel
Region
The United States of America
Pop Higher
42
Pop Lower
1592
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded