Lot 018Coin values
1928 Peace Dollar
PHILADELPHIA · 90% SILVER, 10% COPPER · 360,649 STRUCK
Worth about $410–$830 circulated and $4,900–$7,000 in MS-65.
The 1928 Peace Dollar is one of the major rarities of the series from the Philadelphia Mint, with 360,649 pieces struck. In circulated grades (G-4 to EF-40) our estimate is $410–$830, and a well-preserved MS-65 example is estimated at $4,900–$7,000. Because this is a key date, condition and authenticity matter far more than metal content: have any high-value coin graded by a recognised service.
The lowest mintage of the regular Peace dollars: only 360,649 struck. A key date in every grade.
1928Philadelphia
Catalogue medallion. We do not yet hold a licensed photograph of this exact date and mint, so none is shown rather than one with a different date.
- Mint
- Philadelphia
- Composition
- 90% silver, 10% copper
- Mintage
- 360,649
- Weight and size
- 26.73 g · 38.1 mm
- Designer
- Anthony de Francisci
Scarcer than 100% of the 24 issues in the Peace series with a recorded mintage. 360,649 struck. Mintage is the number struck, not the number that survive.
Mint mark position
D and S sit on the reverse near the lower left, below the word ONE.
Strike quality
Weak strikes on the center of Liberty's hair and the eagle's breast are common. Sharp strikes bring premiums in Mint State.
Cleaning and cabinet friction
The fields are prone to bag marks and the high points to rub. Look for original luster.
About the 1928 Peace
How much is a 1928 Peace Dollar worth?
Lustre's editorial estimate (Oct 2026) is $410–$830 for circulated examples (G-4 to EF-40) and $4,900–$7,000 in MS-65. These are estimates, not an appraisal or market data. A coin in the grade you hold may sell for less at a dealer, who needs a margin.
Is a 1928 Peace Dollar silver?
Yes. It is 90% silver, 10% copper and weighs 26.73 g, which is 0.7735 troy ounces of pure silver. Its melt value is that weight multiplied by the current silver spot price, shown live on this page.
How many 1928 Peace Dollars were minted?
360,649 were struck at the Philadelphia Mint.
Where is the mint mark on a Peace Dollar?
On the reverse, at the lower left near the word ONE. Philadelphia coins have no mint mark.
Is my 1928 Peace Dollar rare?
Yes. It is one of the major rarities of the series. Check the variety notes on this page, look at the date and mint mark under magnification and consider professional grading before selling.
More Peace Dollar values
Where these numbers come from
Peace dollar, Wikipedia: mintage, composition, weight, diameter, edge, designer.
Peace dollar mintage, Landofcoins.com: mintage by year and mint.
Lustre editorial grade-value estimates, Lustre: grade value ranges (estimates, not market data).
gold-api.com spot prices (reference level for estimates), gold-api.com: reference spot prices behind the estimates.
How the estimates are made. Facts reviewed Oct 2026.