The 1928 Peace Silver Dollar is a gem in the world of coin collecting. Whether you already own one, are considering buying one, or are just interested in its history and value, this guide has everything you need to know. From its unique background to its market value, grading tips, and even rare errors, we’ll cover it all. Let’s dive into the fascinating world of the 1928 Peace Dollar.
What is the 1928 Peace Dollar?
The 1928 Peace Dollar is part of the Peace Dollar series, which was minted from 1921 to 1935. These coins were made to celebrate the end of World War I and symbolize peace. It was designed by Anthony de Francisci, the coin features a striking description of Lady Liberty on the obverse and a majestic bald eagle on the reverse.
Do you find the history and beauty of the 1928 Peace Dollar intriguing? This coin has a unique place in the hearts of both investors and collectors. It has become famous for its unique look and restricted production, and it is a piece of American history that has improved in value over time.
Knowing the history, features, and value of the 1928 Peace Dollar can help you determine whether to buy, sell, or keep this valuable coin, whatever your level of experience as a collector.
History of the 1928 Peace Dollar
The United States coined the Peace Dollar in 1928, marking the end of an era. The Bland-Allison Act of 1878, which allowed the minting of silver dollars to support the domestic silver industry, is where it all started. The Morgan Dollar was issued as a result of this.
The Pittman Act of 1918, however, changed the silver dollar’s surroundings. The Peace Dollar was established as part of the Act to honor the peace that followed World War I, and millions of Morgan Dollars were melted down.
After the Treasury completed the Act’s criteria by 1928, the Peace Dollar series’ manufacture came to an end until it was temporarily revived in the 1930s. Only 360,649 coins were produced by the Philadelphia Mint in 1928, which is the lowest mintage in the series.
Design Features of the 1928 Peace Dollar
Obverse Design
The 1928 Peace Dollar’s obverse side shows Lady Liberty, who symbolizes peace and hope, with a shining tiara and flowing hair. The phrase “IN GOD WE TRVST” (with “TRVST” mirroring the Roman-style typeface) is divided on each side of her profile, while the word “LIBERTY” arcs in her head.
The year “1928” is written under Liberty’s neck, and the initials of the designer, Anthony de Francisci, are discreetly positioned next to the base.
Reverse Design
The reverse shows a beautiful eagle carrying an olive branch, a global symbol of peace, while perched over a mountain. The sun’s rays, which symbolize a fresh morning, shine beautifully below the eagle. The design is surrounded by the words “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “ONE DOLLAR.” At the base of the coin is the word “PEACE.”
Specifications
- Composition: 90% Silver, 10% Copper
- Weight: 26.73 grams
- Diameter: 38.10 mm
- Edge: Reeded
Mint Locations and Mint Marks
Philadelphia Mint (No Mint Mark)
The Philadelphia Mint had the majority of the 1928 Peace Dollars. Coins from this location do not bear a mint mark, making them distinct from their San Francisco counterparts.
San Francisco Mint (S Mint Mark)
The San Francisco Mint struck about 1,632,000 Peace Dollars in 1928. These coins have an “S” mint mark above the eagle’s wing on the reverse. Despite the higher mintage, San Francisco coins are usually found in lower grades because of weaker strikes.
Value of 1928 Peace Dollar
Circulated Condition
1928 Peace Dollars in circulation are not very common. According to wear and condition, Philadelphia coins might be worth between $235 and $315, while San Francisco coins can be valued between $40 and $75.
Uncirculated Condition
Uncirculated coins are highly valuable. An MS60 grade Philadelphia coin may bring as much as $520, while a perfect MS66 coin can sell for up to $129,250. The value of San Francisco coins in similar possibilities ranges from $215 to $50,000, with excellent examples demanding higher prices.
Grading the 1928 Peace Dollar
Grading plays a very important role in determining a coin’s value. Important points for looking at are as follows:
Obverse: The cheekbone, tiara, and hairline of Lady Liberty.
Reverse: “PEACE” and the eagle’s feathers.
Higher grades (MS64 and up) are highly demanded by collectors since they often show complete shine and little contact marks.
Top 10 Most Valuable Peace Dollars
Errors and Varieties of 1928 Peace Dollar
Doubled Die Error
When a die strikes the coin twice, providing doubled elements, this error arises. This doubling is frequently observed in the motto “IN GOD WE TRVST.” Depending on the condition, a doubled die error may be sold for anywhere from $1,000 to $1,380.
Strike-Through Error
Errors known as strike-throughs arise when outside items interfere with the minting process and make impressions on the coin. These may increase the coin’s value by $900 to $1,000 and are usually found near Liberty’s tiara.
Market Trends for the 1928 Peace Dollar
The value of 1928 Peace Dollars has increased significantly during the years. Prominent sales, including the 2023 sale of an MS66 specimen for $129,250, show the coin’s popularity. Collectors’ demand is still inspired by its historical value and limited quantity.
Conclusion
The value of 1928 Peace Dollars has risen considerably during the years. Prominent sales, like the 2023 sale of an MS66 example for $129,250, highlight the coin’s popularity. Collectors’ demand is still inspired by its historical value and limited quantity.