
The 1928 Peace Silver Dollar is a highly sought-after coin among collectors. This is because it was the last year of the Peace Dollar series, which was minted from 1921 to 1935.
The coin features a design by Anthony de Francisci, who won a contest to design the Peace Dollar in 1921. The obverse (front) of the coin shows a portrait of Lady Liberty, while the reverse (back) depicts a male figure representing peace.
A key feature of the 1928 Peace Silver Dollar is its high mintage, with over 1.2 million coins produced. This makes it more readily available than some other Peace Dollars from earlier years.
The coin's value is determined by its condition, with higher grades commanding higher prices. In mint state, the 1928 Peace Silver Dollar can be worth upwards of $20, while circulated coins can sell for around $10-$15.
History and Information
The 1928 Peace Silver Dollar has a rich history. It was produced at the Philadelphia Mint, where coins were struck more softly than prior issues from this facility.
The Peace Dollar was designed by Anthony de Francisci, an American-Italian sculptor, whose design was approved by the Treasury Secretary, Andrew Mellon, in December 1921. This marked the beginning of the production of the Peace Dollar.
The 1928 Peace dollar has the lowest mintage in the entire series among regular-issue dates. This makes it a key date among collectors.
The obverse text on the Peace Dollar reads “Liberty; In God We Trvst (Trust); 1928.” The reverse text on the silver dollar reads “United States of America; E Pluribus Unum; One Dollar; Peace.”
Coins in higher grades usually attract a good price, especially those with a clear strike and good luster.
Grading and Evaluation
Grading your 1928 peace silver dollar is crucial to determining its value.
Take your time judging the condition of your silver dollar, as a certain degree of subjectivity is involved.
Uncirculated coins have no wear to the surfaces and original mint luster is still present.
To confirm the uncirculated condition, hold your coin at an angle to a light source, when tilted side to side "luster" rotates over the designs.
Extremely fine coins have only very light wear, limited to the very highest parts of the design.
A distinct fullness with rounded features to the hair must remain, and the tie of hair at the back is still bold.
Fine coins have wear that has smoothed and reduced metal over all parts of design, but detail within the hair is still visible.
On the reverse, the feathers of the eagle lack detail with only three lines separating the different layers of wing feathers.
To properly grade your coin, pay attention to Liberty's hair bun and the hairline along her forehead on the obverse.
Also, check for signs of wear on high points, especially the bird's head and wings and the PEACE inscription on the mountain.
Here's a grading scale to help you determine the value of your coin:
Grading your coin accurately will help you determine its value and make informed decisions about your collection.
Features and Specifications
The 1928 Peace silver dollar is a beautiful coin with some impressive features. It measures 38.1 millimeters in diameter and weighs 26.73 grams, making it a substantial piece of currency.
The coin is made of 90% silver and 10% copper, giving it a unique composition. The modern reeded edge is a notable feature, setting it apart from the Morgan Dollar.
Here are the key specifications of the 1928 Peace silver dollar:
The 1928 Peace silver dollar was struck in Philadelphia and San Francisco, with coins from Philadelphia having no mint mark and those from San Francisco featuring the mint mark S on the reverse.
The Features of
The 1928 silver dollar is a stunning coin that's definitely worth taking a closer look at. It's the last in the Peace silver dollar series.
The coin's design is truly beautiful, featuring a balding eagle perched on a mountaintop and clasping an olive branch in its talons. The bird is looking into the horizon where the sun's brilliant rays are shining.

The country's name appears around the top of the coin, while the motto E PLURIBUS UNUM is shown right below the country's name. The coin's denomination, ONE DOLLAR, is inscribed horizontally across the lower part of the coin.
You'll also notice the word PEACE imprinted on the mountain, which is a clever touch that ties in with the coin's theme. This design element adds an extra layer of meaning to the coin.
The 1928 silver dollar is quite large and heavy, measuring 38.10 millimeters in diameter and weighing 26.73 grams. This size and weight make it a substantial coin that's easy to hold in your hand.
The coin is made of 90% silver and 10% copper, which gives it a nice balance of strength and durability.
Specifications
The 1928 silver dollar is a significant coin, and understanding its specifications can be helpful for collectors and investors alike.
The 1928 silver dollar is made of 90% silver and 10% copper, giving it a unique composition.

Its weight is substantial, measuring 26.73 grams, which is equivalent to 0.7734 ounces of silver.
The coin's diameter is 38.10 millimeters, making it a large and impressive piece.
Here are the key specifications of the 1928 silver dollar:
The 1928 silver dollar has a face value of $1.00 and is graded as MS63 by the PCGS.
Grading and Value
Grading your 1928 peace silver dollar is crucial to determining its value. It's a process that requires attention to detail and a bit of patience.
To confirm the uncirculated condition, hold your coin at an angle to a light source, and when tilted side to side, "luster" should rotate over the designs. Liberty's cheek and hair are the highest parts of the design and even a short time in circulation removes the delicate luster leaving these areas dull.
Focusing on the hairline and forehead on the obverse is key to proper grading. Signs of wear on high points, especially the bird's head and wings and the PEACE inscription on the mountain, can also indicate the coin's condition.

Specimens graded MS64 and above display the original luster but may also show one or two small contact marks. Large contact marks on a few coins are uncommon.
The 1928 silver coins were struck in high relief, so they may show signs of flatness along Lady Liberty's face and hairline. However, this flatness should not be confused with wear.
Here's a rough guide to help you determine your coin's grade:
By following these guidelines and paying attention to the details, you can accurately determine the grade and value of your 1928 peace silver dollar.
Rare and Unique
The 1928 peace silver dollar is a rare and unique coin that's definitely worth a closer look. The coin was minted in large quantities, with over 1.2 million coins produced, but only a few thousand remain in circulation today.
The 1928 peace silver dollar is one of the most valuable coins in the series, with a high demand from collectors and a limited supply available. This combination makes it a highly sought-after coin among collectors.
The coin's rarity is due in part to the fact that it was minted in Philadelphia, which was the main minting location for the series. The Philadelphia mint was known for producing high-quality coins, which adds to the coin's value and collectibility.
Gem Quality and Condition
A true gem quality 1928 Peace Silver Dollar is extremely rare, with only a few remaining with their original, bright mint luster.
Few collectors have been lucky enough to find a 1928 Peace dollar with pristine surfaces, but those who have are willing to pay top dollar for them.
A 1928 Peace dollar with "booming" luster, which is rarely encountered, can command a high price, as seen in the $2100 bid at David Lawrence Rare Coin Auctions.
Minimum | Good Start
If you're just starting to collect or invest in coins, it's essential to know the minimum silver value of your old coins. Many US silver coins from before 1965 are worth more than their face value due to their high silver content.
Pre 1965 silver coins like dimes, quarters, and half dollars are all heavy with 90% silver, making them valuable. As of January 13, 2025, the price of silver is $30.23 per ounce.
Old Peace dollars are becoming surprisingly valuable, making them a great addition to any collection.
Gem Quality

A true gem quality coin is a rare find, especially for the 1928 Peace dollar. Only a few coins minted at Philadelphia remain with undisturbed, original, bright mint luster.
These coins are highly sought after by collectors who focus on top condition examples of all dates and mints. Their pristine surfaces and "booming" luster, which is rarely encountered, set them apart in quality and value.
A true gem example of the 1928 dollar can draw strong demand, as seen in the case of a coin sold at David Lawrence Rare Coin Auctions for $2100.
Frequently Asked Questions
Is the 1928 S Peace Dollar a key date?
Yes, the 1928 Peace Dollar is considered a key date due to its low mintage of 360,649 pieces. Its rarity and limited production make it highly sought after by collectors.
How to authenticate 1928 Peace Dollar?
To authenticate a 1928 Peace Dollar, examine the raised lines extending from the lower part of the "E" in LIBERTY on the obverse die. Familiarizing yourself with the diagnostics of the four obverse dies used to strike 1928 Peace Dollars is key to accurate identification.
Sources
- https://coinappraiser.com/coins/value-of-1928-peace-silver-dollar/
- https://www.coinstudy.com/1928-peace-silver-dollar-value.html
- https://www.coinvaluechecker.com/how-much-is-a-1928-silver-dollar-worth/
- https://www.silverrecyclers.com/coins/1928-silver-dollar.aspx
- https://www.usgoldbureau.com/product/1928-s-1-peace-pcgs-ms63
Featured Images: pexels.com