How Much Is 1928 Silver Dollar Worth? (ANSWERED)

Last Updated on April 7, 2022

The 1928 silver dollar is a collector’s item that is worth quite a bit of money. Depending on the condition of the coin, it can be worth anywhere from $20 to $1,000 or more! The 1928 silver dollars are also known as the Peace dollars, and their value comes from being a silver coin.

The United States minted this dollar with no mintmark. Besides that, they also made the 1928 S silver dollar. 

So, if you want to know the 1928 silver dollar value, you are in the right place. Here is what you must know about its worth. 


How Much Is 1928 Silver Dollar Worth?

Such coins have their worth in silver. The silver melt value for this coin is more than $19. We calculate the silver melt value from the current silver spot price, which is more than $24.5/ounce. 

In very fine condition, the 1928 silver dollar value with no mint mark is over $275. Besides that, the coin is worth $300 in extremely fine condition. Of course, the coin will be worth more in uncirculated conditions. 

Because of this, the uncirculated 1928 silver dollar is worth more than $400 in MS 60 grade. Finally, a 1928 silver dollar of MS 65 grade in an uncirculated condition can sell for more than $2,000. It is a great item to have in your coin collection.

Based on its rarity, its value will only increase down the lane as long as the condition is kept good. If you are an avid coin collector then you should definitely have this in your collection.

1928 P Peace Dollar $1 Brilliant Uncirculated

What Is The 1928 Silver Dollar Value Of The S Series? 

An S series of this dollar was also created. The 1928 silver dollar value of the S series is almost $40 in very fine condition. On the other hand, if the condition is incredibly fine, the coin will be worth less than $50. 

Finally, the value of these coins in MS 60 grade and the uncirculated condition is almost $200. However, the same coin with an MS 65 grade in the uncirculated condition is worth more than $12,000. 

What Is The Difference Between The Grading Systems Of The 1928 Silver Dollar?

It is crucial to understand the various grading systems that make up the value of the coin. For example, Lady Liberty’s hair will look worn out in very fine condition, and a few strands around the ear will be defined well. Besides that, you will easily see the eagle’s feathers on top and the outside edge of the right-wing. 

In incredibly fine condition, the hairline of Lady Liberty will be strong on the ear and brow but still be slightly worn. You will also notice the top feathers and the ones on the outside edge, but they will be a little faint. 

The MS 60 uncirculated coin will have no signs of wear. Besides that, the coin will also have luster, but there will be a few surface marks, abrasions, stains, and more. Lastly, the MS 65 uncirculated coin has the best condition. 

Such a coin has one of the top eye appeals and luster. There might be some light contact marks, but you will barely notice them on the coin. 

What Was The Reason For Minting The 1928 Silver Dollar?

The 1928 silver dollar is known as the peace coin, and just like other silver peace coins, this coin symbolized the country’s peace. The coin commemorated the end of WWI and the peace that came after it. The American Numismatic Association had an annual conference, and Farran Zerbe presented his proposal for the design of the coin.

Other numismatists and coin collectors supported Zerbe’s design. Besides that, the public also lobbied for this coin, which is why the dollar finally came out in 1928 from two U.S mints. That is why every time you look at the coin, it can remind you of the past peaceful times that came after a long history of war and violence around the globe, which is why this coin is valuable for you to collect. 

Find out the value of the other 1920s silver dollar coin…

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Jackie Palmer is a Houston-based coin journalist and fashion enthusiast. She joined Jewels Advisor’s content team after years of experience as a content strategist, managing blogs and social channels for local stores. Jackie mostly collects and studies US coins produced during the 20th century and over the years, published hundreds of articles for multiple coin publications.