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1928 Silver Dollar Value

By Ashley

October 8, 2024

3 min read

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1928 Silver Dollar Value

Collecting coins is a fascinating hobby that combines history, art, and investment. Among the many coins that captivate collectors, the 1928 Silver Dollar holds a special place. This coin, minted during a significant period in American history, has a unique story and a value that continues to intrigue both novice and experienced collectors alike.

Table of Contents

The History of the 1928 Silver Dollar

The 1928 Silver Dollar is part of the Peace Dollar series, which was minted from 1921 to 1935. The Peace Dollar was designed by Anthony de Francisci and was intended to commemorate the end of World War I and to symbolize peace. The obverse of the coin features a left-facing profile of Lady Liberty, while the reverse showcases a bald eagle perched on a rock, with the words "PEACE" inscribed below.

The 1928 Silver Dollar was minted in Philadelphia, Denver, and San Francisco. The mint marks for these locations are as follows:

Philadelphia: No mint mark
Denver: "D"
San Francisco: "S"

Each mint produced a different number of coins, which affects the 1928 Silver Dollar Value today. The Philadelphia mint produced the highest number of coins, making them more common and generally less valuable. The Denver and San Francisco mints produced fewer coins, making them more sought after by collectors.

Factors Affecting the 1928 Silver Dollar Value

Several factors influence the value of a 1928 Silver Dollar. Understanding these factors can help collectors determine the worth of their coins and make informed decisions when buying or selling.

Mint Mark

The mint mark is one of the most significant factors affecting the 1928 Silver Dollar Value. Coins minted in Denver and San Francisco are generally more valuable than those minted in Philadelphia. The rarity of the mint mark can significantly impact the coin's value.

Condition

The condition of the coin is another crucial factor. Coins in pristine condition, with minimal wear and tear, are more valuable than those in poorer condition. The grading scale used by professional coin grading services, such as the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC), ranges from 1 to 70. A coin graded 70 is considered perfect, while a coin graded 1 is heavily worn.

Rarity

The rarity of the coin also plays a significant role in determining its value. The 1928 Silver Dollar is relatively common compared to other years in the Peace Dollar series, but certain varieties and mint marks are rarer and more valuable. For example, the 1928-S (San Francisco) Peace Dollar is rarer than the 1928-D (Denver) and 1928 (Philadelphia) varieties.

Market Demand

Market demand can fluctuate based on various factors, including economic conditions, collector trends, and the overall interest in numismatics. When demand is high, the 1928 Silver Dollar Value tends to increase. Conversely, when demand is low, the value may decrease.

Grading the 1928 Silver Dollar

Grading a coin involves assessing its condition and assigning it a grade based on a standardized scale. Professional grading services use a combination of visual inspection and advanced technology to determine the grade of a coin. Here are the key steps involved in grading a 1928 Silver Dollar:

Visual Inspection: The coin is examined under magnification to assess its surface condition, including any scratches, dents, or other imperfections.
Luster: The coin's luster, or shine, is evaluated. A coin with strong luster is generally more valuable than one with dull luster.
Strike: The quality of the coin's strike, or the impression made by the minting process, is assessed. A well-struck coin has sharp details and clear design elements.
Eye Appeal: The overall aesthetic appeal of the coin is considered. A coin with good eye appeal is more desirable to collectors.

After evaluating these factors, the coin is assigned a grade on the 1 to 70 scale. For example, a coin graded MS-65 (Mint State 65) is in excellent condition with minimal wear and strong luster.

📝 Note: Professional grading services charge a fee for their services, but the added value and authenticity they provide can make it a worthwhile investment for serious collectors.

Determining the 1928 Silver Dollar Value

Determining the value of a 1928 Silver Dollar involves considering the factors mentioned earlier and consulting reliable sources. Here are some steps to help you determine the value of your coin:

Identify the Mint Mark: Check the coin for a mint mark to determine where it was minted.
Assess the Condition: Evaluate the coin's condition and assign it a grade based on the standards mentioned earlier.
Consult Price Guides: Use price guides and online resources to find the current market value of your coin. Websites like Coinflation, PCGS, and NGC provide up-to-date pricing information.
Compare with Similar Coins: Look at recent sales of similar coins to get an idea of their value. Online auction sites and coin forums can be valuable resources for this.

Here is a table showing the approximate values of 1928 Silver Dollars based on their condition and mint mark:

Mint Mark	Grade	Value
No Mint Mark (Philadelphia)	MS-65	$35 - $45
D (Denver)	MS-65	$40 - $50
S (San Francisco)	MS-65	$50 - $60
No Mint Mark (Philadelphia)	MS-67	$100 - $150
D (Denver)	MS-67	$120 - $180
S (San Francisco)	MS-67	$150 - $200

These values are approximate and can vary based on market conditions and the specific characteristics of the coin. It's always a good idea to consult multiple sources and get professional appraisals if you're unsure about the value of your coin.

Investing in 1928 Silver Dollars

Investing in 1928 Silver Dollars can be a rewarding endeavor for collectors and investors alike. Here are some tips to help you make informed decisions when investing in these coins:

Research the Market: Stay informed about current market trends and the factors affecting the 1928 Silver Dollar Value. This will help you make better investment decisions.
Buy from Reputable Sources: Purchase coins from reputable dealers and auction houses to ensure authenticity and quality.
Consider Professional Grading: Having your coins professionally graded can enhance their value and provide peace of mind.
Diversify Your Collection: Invest in a variety of coins and mint marks to spread risk and increase the potential for appreciation.
Store Your Coins Properly: Proper storage is essential to maintain the condition of your coins. Use acid-free holders and store them in a cool, dry place.

Investing in 1928 Silver Dollars can be a long-term strategy, as the value of these coins tends to appreciate over time. However, it's important to be patient and make informed decisions based on market conditions and your investment goals.

📝 Note: Always consult with a financial advisor before making significant investment decisions.

Investing in 1928 Silver Dollars can be a rewarding endeavor for collectors and investors alike. Here are some tips to help you make informed decisions when investing in these coins: