You are here:
- Home
- Hobbies
- Coin Collecting
- Coin and Paper Money Collecting
- 2007 Presidential $1 gold coin
Coin and Paper Money Collecting/2007 Presidential $1 gold coin
Advertisement
Question
I received the George Washington $1 coin from an ad in the newspaper through the World Reserve Monetary Exchange. Will it be worth it to collect the entire set of 40 coins and pre-pay for coins that will not even be minted for several years? Is this coin worth anything?
Hi Todd,
Save your money -- visit your local bank -- you can get the same coins there for face value.
They are also being used in Post Office stamp machines -- buy a book of stamps and you'll likely get them in change from the machine.
It's not likely that these coins will ever have any significant value, so if you collect them, do it because you want to -- not to make money on them.
Dan
Related Articles
- Blue Mauritius - The Hunt for the World's Most Valuable Stamps
- Timeline - Significant Dates in Post Office History
- Oklahoma Centennial Stamp - Background, Image and Purchase Links
- USPS Discontinuing Black Heritage Stamps? - Netlore Archive
- Coinflation - How Much is the Metal in Your Coins Worth - Intrinsic Values for Copper Coins & Silver & Gold Coins
Answers by Expert:
Dan Moore
Expertise
My strong familiarity with all U.S. Mint coins, extensive reference library, and close relationships with many other dealers allows me to identify just about any coin made in the USA. I receive regular updates to all the current price guides -- both wholesale & retail -- to provide accurate values. So, with a good description or pictures, I should be able to identify and value any U.S. coin you have.
Experience
I've been a coin dealer since the 1980's and a coin collector since the 1960's. I specialize in U.S. Silver Coins and have an active online website -- The Working Man's Rare Coins -- http://www.workingmancoins.com -- offering information and inventory in U.S. coins.
Organizations I belong to :
American Numismatic Association Member #187770
Michigan State Numismatic Society Member #8255
Florida United Numismatics Member #19710
Monroe Coin Club Treasurer
Lincoln Coin Club Board Member
WINS Member #14
CoinMasters Member #1814
Frequently Asked Questions :
I have created a Frequently Asked Questions page on my website, where you may be able to get an immediate answer to your question. You can find the page here :
http://www.workingmancoins.com/FAQ/index.htm
©2012 About.com, a part of The New York Times Company. All rights reserved.