1928 Peace Silver Dollar
Circulation strike struck at the Philadelphia Mint · 360,649 made
- Mintage
- 360,649
- Metal
- 90% silver, 10% copper
- Weight
- 26.73 g
- Diameter
- 38.1 mm
Original illustration. Tap to flip. Not a photograph of the actual coin.
Face value · Metal value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is a 1928 Peace Silver Dollar worth?
Few coins in the series are harder to find. Even a worn 1928 sells well above face value. The flip side is that counterfeits and altered dates are common, so authentication matters.
What would make yours worth more:
- Uncirculated condition with full original luster
- A die variety or minting error
- Certification by PCGS or NGC, which buyers expect for scarce dates
For market prices, check recent sold results for certified coins in the same grade.
The 1928 Philadelphia Peace dollar has the lowest mintage of the regular series and is the key date.
Quick answers
- Is the 1928 Peace Silver Dollar rare?
- Yes. Only 360,649 were made, the lowest of any regular Peace Silver Dollar.
- Is the 1928 Peace Silver Dollar silver?
- Yes. It's 90% silver, 10% copper and holds 0.7735 troy ounces of pure silver.
- Where is the mint mark on a 1928 Peace Silver Dollar?
- On the reverse, below the word ONE, near the tip of the eagle's wing. Philadelphia coins have no mint mark.
- Which Philadelphia dates near 1928 are scarcer?
- None. Within five years either side, no Philadelphia issue had a smaller mintage than the 1928.
- How many 1928 Peace Silver Dollar coins were made?
- 360,649.
What to check on your 1928
- There's no mint mark on this one, so the date and condition are what matter.
- Check the date and mint mark under magnification for tooling or added letters. Scarce dates are the ones forgers alter.
- Don't clean it. Cleaning leaves fine scratches and an unnatural shine that collectors avoid.
- Judge the grade under good light. Wear appears first on the hair above Liberty's ear and on the eagle's wing feathers.
Never clean it. Collectors pay strong premiums for original surfaces and natural toning on a date like this. A cleaned coin can lose half its value or more. Low-mintage dates attract altered and counterfeit coins. Check that the date have not been tooled or added, or buy one already certified by PCGS or NGC.
The story of the 1928
Philadelphia made 360,649 in 1928, down from 848,000 in 1927. After that, Philadelphia didn't make another until 1934.
1928-S came to 1.6 million, so neither mint's 1928 coin is much scarcer than the other. In the whole series, its mintage sits closest to the 1927 (848,000) and the 1927-S (866,000).
Of the 10 Peace Silver Dollars Philadelphia struck between 1921 and 1935, this is the scarcest. No Peace Silver Dollar of the 1920s had a smaller run.
More on the 1928
Philadelphia struck only 360,649 Peace dollars in 1928, the lowest mintage in the entire series. These were its last dollars before a six-year pause; the denomination didn't return until 1934. San Francisco struck more than four times as many that year, while Denver struck none. Its total was well under half of Philadelphia's 848,000 from 1927.
Despite that tiny figure, the 1928 is easier to find in uncirculated condition than you might expect, because a large share was saved rather than spent. It's still a key date. Even worn examples carry a collector premium. That premium is exactly why altered coins exist: some 1928-S dollars have had the S removed to pass as the Philadelphia key. Look below ONE near the wing tip for tool marks, a smoothed patch of field or luster that doesn't match the rest of the coin. A genuine 1928 in uncirculated condition is a strong collector premium coin, best bought already certified by a major grading service.
Pittman Act coinage winds down (1923 to 1928)
Peace dollars continued in large numbers to replace the coins melted under the Pittman Act, with Philadelphia striking 30.8 million in 1923. Output fell after that year. San Francisco's 1924-S and 1925-S, each under two million, are scarce in high grades. Denver made no dollars in 1924 or 1925.
The 1927 issues from all three mints are relatively scarce. The 1928 from Philadelphia, with only 360,649 struck, is the lowest mintage of the series and is often confused with the more common 1928-S. Pittman purchases were complete in 1928 and coinage stopped. San Francisco dollars of these years are often softly struck. Many survivors show heavy bag marks from storage in Treasury vaults. Bags of Peace dollars also emerged in the Treasury releases of the early 1960s.
Elsewhere in US coinage in 1928
The Peace dollar was struck only in Philadelphia and San Francisco. The Philadelphia figure of 360,649 is the lowest of the series.
How to recognize it
Anthony de Francisci's Liberty faces left wearing a crown of light rays, with LIBERTY above and the date below. The reverse shows an eagle at rest on a mountaintop, holding an olive branch, as the sun rises behind it, with the word PEACE on the rock. The mint mark is below the word ONE, near the tip of the eagle's wing.
Mintage chart
Specifications
| Series | Peace Silver Dollar (1921–present) |
|---|---|
| Year | 1928 |
| Mint | Philadelphia Mint |
| Mint mark | None |
| Strike type | Circulation strike |
| Mintage | 360,649 |
| Face value | $1 |
| Composition | 90% silver, 10% copper |
| Weight | 26.73 grams |
| Diameter | 38.1 mm |
| Edge | Reeded |
| Silver content | 0.7735 troy oz (24.057 g) |
| Designer | Anthony de Francisci |
Other 1928 Peace Silver Dollar issues
| Coin | Mintage | Type | Silver |
|---|---|---|---|
| 1928 Peace Silver Dollar | 360,649 | Circulation strike | 0.7735 oz |
| 1928-S Peace Silver Dollar | 1,632,000 | Circulation strike | 0.7735 oz |
Mintage: Peace dollar (Wikipedia, CC BY-SA 4.0), compiled from US Mint records and the Guide Book of United States Coins. How we build these pages.