The 1928 Peace Dollar is one of the most popular coins for collectors. Known for its beautiful design and rich history, the Peace Dollar symbolizes the desire for peace following World War I. If you’re a coin collector or just starting out, this guide will help you understand the key features of the 1928 Peace Dollar and how to determine its value.
History of the 1928 Peace Dollar
The Peace Dollar was introduced in 1921 to celebrate the end of World War I and the hope for lasting peace. The design, created by artist Anthony de Francisci, features Lady Liberty on the obverse and an eagle on the reverse, holding an olive branch, a universal symbol of peace. The 1928 Peace Dollar was minted at the Philadelphia Mint and is one of the key years in the series.
Key Features of the 1928 Peace Dollar
The 1928 Peace Dollar has several unique features that make it easily identifiable:
- Obverse Design: Lady Liberty’s profile, wearing a radiant crown, facing left. The word “LIBERTY” is visible above her head.
- Reverse Design: An eagle perched on a rock, holding an olive branch, with the word “PEACE” inscribed at the bottom.
- Mint Mark: The 1928 Peace Dollar does not have a mint mark because it was minted at the Philadelphia Mint. Coins from other mints have a small ‘S’ or ‘D’ mint mark.
Mintage and Rarity of the 1928 Peace Dollar
The 1928 Peace Dollar is considered one of the more common coins in the series, but its mintage is still relatively low. The total mintage for this year was about 1.5 million coins, which makes it less common than some other years. However, the coin is still highly valued because of its design, historical significance, and popularity among collectors.
Factors That Affect the Value of the 1928 Peace Dollar
The value of a 1928 Peace Dollar depends on several factors:
- Condition (Grade): Coins in better condition (like MS (Mint State) or PR (Proof)) are generally more valuable.
- Rarity: The mintage for 1928 was lower compared to some other years, but it is still widely available.
- Demand: The Peace Dollar is a favorite among coin collectors because of its history and design.
How to Identify a Genuine 1928 Peace Dollar
It is important to verify that a 1928 Peace Dollar is real. Here are a few things to look out for:
- Mint Mark Location: Since the 1928 Peace Dollar was minted in Philadelphia, there will be no mint mark on the coin.
- Design Details: Check for sharp, clear details on Lady Liberty’s profile and the eagle on the reverse.
- Weight and Diameter: The coin weighs 26.73 grams and has a diameter of 38.1 mm.
Grading the 1928 Peace Dollar
Grading is a way to determine the quality and value of a coin based on its condition:
- Uncirculated (MS-60 to MS-70): Coins that show no signs of wear and are in perfect condition.
- Extremely Fine (EF-40 to EF-45): Coins that show only slight signs of wear but still have clear features.
- Good (G-4 to G-6): Coins that show heavy wear but are still recognizable and identifiable.
Price Range of the 1928 Peace Dollar
The value of a 1928 Peace Dollar can vary greatly depending on its grade:
- Good (G-4 to G-6): Around $30 – $50.
- Extremely Fine (EF-40 to EF-45): Around $75 – $150.
- Uncirculated (MS-60 to MS-70): Values can range from $200 to over $1000, depending on the quality.
Where to Buy or Sell a 1928 Peace Dollar
If you’re interested in buying or selling a 1928 Peace Dollar, there are several places to check:
- Coin Dealers: Local coin dealers often have valuable coins, and they can give you a fair price for your Peace Dollar.
- Online Marketplaces: Websites like eBay and other auction sites offer opportunities to purchase or sell the coin.
- Coin Shows: These events are great for meeting dealers and collectors who are interested in buying or selling rare coins.
Care and Storage of the 1928 Peace Dollar
To ensure that your 1928 Peace Dollar retains its value, it’s important to handle and store it properly:
- Storage: Use a coin holder or case to protect your coin from scratches, dirt, or damage.
- Handling: Always hold the coin by the edges to prevent oils from your hands from damaging the surface.
Conclusion
The 1928 Peace Dollar is a coin that holds both historical and collector value. Its striking design, along with its significance in post-World War I America, makes it an essential part of any coin collection. Whether you are a novice or an experienced numismatist, understanding the features and value of the 1928 Peace Dollar is an important step in building a valuable collection. By knowing how to identify, grade, and care for these coins, you can ensure that your investment remains valuable for years to come.
FAQ’s
What is the value of a 1928 Peace Dollar?
The value depends on its condition. A coin in good condition can be worth $30 – $50, while one in uncirculated condition can be worth $200 or more.
How do I know if my 1928 Peace Dollar is real?
Check the mint mark (or lack of it, since the 1928 coin was minted in Philadelphia) and inspect the sharpness of the design. Genuine coins also have the correct weight and diameter.
Where can I buy or sell a 1928 Peace Dollar?
You can buy or sell this coin through local coin dealers, online marketplaces like eBay, or at coin shows.
What factors determine the value of a 1928 Peace Dollar?
The value is influenced by the coin’s condition (grade), rarity, and the demand among collectors.