The value of a 1928 silver dollar, specifically the 1928 Peace Dollar, varies greatly depending on its condition and the mint where it was produced.
Here’s a breakdown:
- 1928 Philadelphia Mint Peace Dollar (no mintmark):
– This is considered the key date for the Peace Dollar series due to its very low mintage of 360,649 coins.
– In circulated condition, its value can range from several hundred dollars to well over a thousand, with some sources listing it around $500 for a VF-20 grade.
– In higher uncirculated grades, like Mint State 63, it can reach values over $1000.
– One source mentions an auction record of $48,875 for an MS66 grade.
- 1928-S San Francisco Mint Peace Dollar:
– This coin has a higher mintage of 1,632,000, making it more common than the Philadelphia mint coin.
– Values start around $40-$50 for circulated coins.
– Uncirculated examples can be worth $250 or more, with higher grades fetching significantly higher prices.
- Grading: A coin’s grade (condition) is the most significant factor determining its value. Coins are graded on a scale of 1 (poor) to 70 (perfect) using the Sheldon Scale. Professional grading services like PCGS and NGC provide certifications that authenticate and grade coins, which is highly recommended for valuable coins like the 1928 Peace dollar.
- Forgeries: Be cautious of counterfeits, especially with the valuable 1928-P Peace Dollar. Always purchase from reputable dealers and consider getting the coin slabbed (encapsulated by a professional grading service).
In summary, a 1928 Peace dollar can be a valuable coin, particularly the low-mintage Philadelphia Mint issue. The exact value depends heavily on its condition and whether it’s the 1928-P or the 1928-S mint mark.
Is the 1928-S Peace Dollar rare?
The 1928-S is the rarest date Peace dollar issue in Gem condition. This was the final year of issue of Peace dollars struck under the provisions of the 1918 Pittman Act. 1928-S Peace Dollars Are Still Common If Circulated: Readily available in EF and AU grades, but we advise you opt for Mint State.
How to authenticate 1928 Peace Dollar?
Thanks for asking. Genuine 1928 Peace Dollars were struck from only four different obverse dies and each has a different diagnostic that aids in identification. One obverse die has a raised line connecting two strands of Liberty’s hair in the lower right.
How to tell if your dollar coin is rare?
One of the easiest ways to tell if a coin is rare is to check the date. If the coin is from before 1800, it’s likely rare. Coins minted in the 19th century are also generally considered rare, with a few exceptions. Coins from the 20th century are less likely to be rare, but there are still some that meet the criteria.