The 1928 Peace Silver Dollar stands as a remarkable chapter in American numismatic history, embodying both artistry and rarity. Struck in 90% fine silver with a 38.1 mm diameter, this coin carries the enduring image of Lady Liberty crowned with a radiant tiara on the obverse, while the reverse displays a poised eagle perched atop a rock, clutching an olive branch—a symbol of peace at the close of World War I. The 1928 Peace Dollar is especially notable for its low mintage: only 360,649 coins were produced at the Philadelphia Mint (with no mintmark), and a comparatively limited number at the San Francisco Mint (marked with an “S”). These production numbers make the 1928 Peace Dollar a key date for collectors, with the Philadelphia issue in particular commanding attention for its scarcity. Over the years, the 1928 lady liberty silver dollar value has consistently reflected this rarity, with circulated examples often ranging from a few hundred dollars to well over a thousand for coins in higher grades. Uncirculated specimens—those that have survived the decades without wear—can reach impressive heights at auction, sometimes selling for tens of thousands of dollars when certified in top Mint State (MS) condition. Collectors often seek out these coins not only for their silver content but for the story they tell; each piece is a tangible link to an era of American resilience and hope.
For those considering adding a 1928 Peace Silver Dollar to their collection, several factors come into play. Condition is paramount—coins with crisp details, original luster, and minimal marks are especially prized, and professional grading can help clarify a coin’s standing. Mint marks also influence desirability, with the 1928-S variant from San Francisco being particularly scarce and valued. While the term “1928 Morgan silver dollar” occasionally appears in conversation, it’s worth noting that the Morgan series concluded in 1921, making the 1928 Peace Dollar a distinct and separate chapter in U.S. coinage. Collectors sometimes seek out the 1928 Peace Dollar as a centerpiece for a complete Peace Dollar set or as a standalone highlight due to its historical significance and the relatively few examples available. The allure of this coin extends beyond the seasoned numismatist; it makes a thoughtful gift for history enthusiasts, those marking significant milestones, or anyone with an appreciation for American craftsmanship and heritage. During the winter months, as families gather and traditions are shared, the timeless beauty of a 1928 Peace Dollar can serve as a memorable and meaningful present—one that connects generations and sparks curiosity about the past.
As interest in classic silver dollars continues, the 1928 Peace Silver Dollar remains a focal point for collectors seeking a tangible piece of American history. Its value is shaped by a combination of mintage, condition, and market sentiment, with occasional lamination errors or planchet flaws adding further intrigue and premium for specialists. Many enthusiasts appreciate the opportunity to compare classic issues with contemporary releases, such as the
2024 Silver Peace Dollar, which pays homage to the original design while offering a modern connection to the legacy of the Peace Dollar series. Whether displayed in a collection, presented as a gift, or simply admired for its artistry and historical resonance, the 1928 Peace Dollar continues to captivate. Its story is not only written in silver but also in the hands and hearts of those who cherish it—a testament to enduring American values and the timeless appeal of well-crafted coinage.
