The 2007 P 1 Cent Coin American Graded MS70 by SGS is a rare and highly sought after coin in the numismatic community. This particular coin holds significant value and importance in the history of American coins, making it a must-have for any serious collector.
The 1 cent coin, commonly known as the penny, has always been an iconic symbol of American currency. The first penny was minted in 1787 by the United States Mint and since then, it has gone through numerous design changes. In 1909, the penny bore the likeness of President Abraham Lincoln on the obverse and a depiction of two wheat stalks on the reverse, earning it the nickname “wheat penny.” This design remained unchanged until 1959 when it was replaced by the iconic Lincoln Memorial design.
In 2007, the United States Mint introduced a new design for the penny, commemorating the 200th anniversary of Abraham Lincoln’s birth. This new design, known as the “Presidential Series,” featured a detailed portrait of Lincoln on the obverse and a symbolic representation of his life on the reverse. This series would run until 2008, when it was replaced by the current “Union Shield” design.
The 2007 P 1 Cent Coin is significant not only for its design but also for its grading by SGS (Sovereign Grading Service). Founded in 2006, SGS is a reputable third-party grading company that specializes in authenticating and assigning grades to coins. Their grading system ranges from 1 to 70, with 70 being a perfect score and representing a coin in pristine condition.
The MS70 grade is the highest possible grade a coin can receive from SGS. To receive this grade, the coin must exhibit no visible imperfections, even under a 5x magnification. It must also have a strong, full strike and abundant luster. This makes the 2007 P 1 Cent Coin American Graded MS70 by SGS truly a gem in the world of coin collecting.
In addition to its rarity and perfect grade, this coin also holds significant historical importance. The 2007 P 1 Cent features the second design in the Presidential Series, making it a valuable piece of American history. This particular coin also holds the distinction of being one of the first coins to be graded by SGS, adding to its overall collectibility.
The value of the 2007 P 1 Cent Coin American Graded MS70 by SGS can vary depending on the current market demand. However, it is generally worth much more than its face value of 1 cent. For serious collectors, it is not uncommon to see this coin valued at tens of thousands of dollars.
In conclusion, the 2007 P 1 Cent Coin American Graded MS70 by SGS is a highly coveted coin among collectors. Its unique design, perfect grade, and historical significance make it a must-have for any collection. Whether you are a seasoned collector or just starting your numismatic journey, this coin will undoubtedly be a prized possession in any collection.