Danceloading489

The 1928 Peace Dollar (Buy on eBay) struck at the Philadelphia Mint represents the classic key date coin of the series. At just 360,649 pieces, it boasts the lowest mintage of the series and carries a premium across all grade levels with even well worn pieces selling for hundreds of dollars.

The reason for the low mintage of this issue was the fulfillment of the minting requirements set forth under the Pittman Act. Under the Act, a quantity of 270,232,722 silver dollars had been melted in 1918 and the silver bullion sold to the British. The Act had required the same quantity of silver dollars to be reminted in the following years. Silver dollar production at the Philadelphia Mint in 1928 took place only between April 13 and 20, with the last silver dollars required to be coined under the act struck on the latter date. A production gap of five years followed, with the next Peace Dollars in the series not produced until 1934.

1928 Peace Silver Dollar Value A rare year, 1928 Peace silver dollar value starts at $31.49 for those struck at the San Francisco mint. However a quick look at the value chart shows the Philadelphia issue is exceptionally scarce. Determining the mint that struck your coin is a matter of locating the presence of a mintmark on the reverse. Value of 1928 Peace Silver Dollar. The 1928 Peace dollar has the lowest mintage in the entire series among regular-issue dates. It is considered one of the key dates, and coins in higher grades usually attract a good price. CoinTrackers.com has estimated the 1928 Peace Dollar value at an average of $500, one in certified mint state (MS+) could be worth $3,500. During the 20 th century, silver dollar coining became more erratic. The Morgan Dollar design was briefly reissued in 1921 and later replaced that same year by Peace Dollars. The Peace Silver Dollar was struck until 1928, suspended, reintroduced in 1934 and 1935, and then halted for good.

Overall, the 1928 Peace Dollar is perhaps more available than the mintage would indicate, but its status as a popular key date provides a higher than typical level of demand. More than 300 pieces have been graded MS65 by PCGS and NGC, with only about a dozen pieces graded higher at MS66. One of these finest known specimens sold for $48,875 at an auction held in April 2011.

1928 Peace Dollar Mintage and Specifications

Date: 1928
Mint mark: none (Philadelphia)
Mintage: 360,649
Designer: Anthony de Francisci
Composition: 90% silver, 10% copper
Weight: 26.73 grams
Diameter: 38.1 mm

• 1928 Peace Dollar

Coin Info

1928 Silver Dollar Coins

1928 Peace dollars are decidedly scarce, with the 1928 Philadelphia silver dollar taking the cake on rare Peace dollar classifications. In fact, the 1928 Peace dollar is considered the key date for the Peace dollar series. Only 360,649 Peace dollars were made at the Philadelphia mint in 1928, which makes it even scarcer in terms of original mintage than even the famed 1909-S V.D.B. Lincoln cent. In fact, in a grace of VF-20, the 1928 Peace dollar has an approximate value of $500.

What does all this mean for the coin collector? Be careful when you’re buying a 1928 Peace dollar, as there are plenty of forgeries on the market, many of which are well disguised. Always buy any 1928 Peace dollar in a slab from a well-regarded third-party coin grading company. Remember, this is a $500 coin in the lower-circulated grades and $1,000 and up in the mid-range uncirculated grades, so be sure to spend your money wisely!

As for the 1928-S Peace dollar, many more of those were struck than their Philadelphia counterparts. 1,632,000 Peace dollars were made at the San Francisco mint, and these are worth about $35 each in Very Fine and around $250 in Mint State 60.

No Peace dollars would be struck until 1934.

1928 Silver Dollars For Sale

1928 Silver Dollar Coin