How much is a 1928 silver dollar worth? This question often comes up for collectors and enthusiasts who are interested in the value of vintage coins. The 1928 silver dollar, also known as the Peace Dollar, holds a special place in numismatic history due to its unique design and limited mintage. In this article, we will explore the factors that determine the value of a 1928 silver dollar and provide some general guidelines on its worth in today’s market.
The 1928 silver dollar is part of the Peace Dollar series, which was minted from 1921 to 1935. Designed by Anthony de Francisci, the Peace Dollar features an image of Lady Liberty on the obverse and an eagle on the reverse. The coin’s mintage varied each year, with the 1928 issue being particularly sought after by collectors.
The value of a 1928 silver dollar can be influenced by several factors, including its condition, mint mark, and rarity. Generally, the better the condition of the coin, the higher its value. Grading systems, such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC), are used to evaluate the condition of coins and assign them a grade from MS-60 (Mint State 60) to MS-70 (Mint State 70), with MS-70 being the highest grade.
The presence of a mint mark can also affect the value of a 1928 silver dollar. Coins minted in Philadelphia carry no mint mark, while those minted in Denver have a “D” mint mark, and those minted in San Francisco have an “S” mint mark. Coins with mint marks are often more valuable due to their limited production.
Rarity plays a significant role in determining the value of a 1928 silver dollar. The mintage of the 1928 Philadelphia issue was approximately 5,580,000, while the Denver and San Francisco issues had lower mintages of 2,020,000 and 3,570,000, respectively. Coins with lower mintages are typically more valuable.
In terms of value, a 1928 silver dollar in MS-60 condition with no mint mark can be worth anywhere from $20 to $30. Coins with mint marks can be worth more, with MS-60 Denver coins valued at around $25 to $35, and MS-60 San Francisco coins valued at around $30 to $40. As the grade increases, so does the value. For example, an MS-65 1928 silver dollar with no mint mark can be worth between $100 and $150, while an MS-65 Denver coin can be worth between $150 and $200, and an MS-65 San Francisco coin can be worth between $200 and $250.
In conclusion, the value of a 1928 silver dollar can vary widely depending on its condition, mint mark, and rarity. Collectors and enthusiasts should consider these factors when determining the worth of their coins. With the right combination of condition and mint mark, a 1928 silver dollar can be a valuable addition to any coin collection.
