1928 Silver Dollar Value Guides (Rare Errors, “S” & No Mint Mark)

Imagine discovering a shiny coin in an old family chest, only to realize it’s a 1928 silver dollar. Your first instinct might be to consider its face value, which is just one dollar. However, the true worth of this coin might astound you, as it often transcends its nominal denomination.

In the subsequent passages, we shall embark on a journey to unearth the legacy and unique attributes of this remarkable 1928 silver dollar. We’ll also delve into its varying valuations based on preservation levels and shed light on some intriguing variations that have emerged over the years. So, if the world of vintage coins intrigues you or you’re simply captivated by the mystique surrounding the 1928 silver dollar, let’s dive deep into its enigma!

Value Dissected: 1928 Silver Dollar

Designation Acceptable State Admirable Condition Almost Pristine Perfectly Preserved
No Emblem $320 $377 $433 Between $545 & $5,000
Bearing ‘S’ $31 $42 $59 Ranges $200 to $23,300

Unveiling the Story of the 1928 Peace Dollar

In 1928, a special coin emerged in the world of numismatics — the Peace Dollar of 1928. While many think of coins merely as mediums of transaction, each coin holds a piece of history, and this one sings a song of harmony and victory.

Rewind a few decades, and you’d find the Morgan silver dollars gracing the palms of many. Designed by the skilled hands of George T. Morgan, they became symbols of their era. Yet, as time moved on, a new coin took center stage. The Peace Dollar, a masterpiece from the artistic visions of Anthony de Francisci, marked a significant chapter in American coinage from 1921 to 1935.

Imagine the aftermath of the First World War — a world healing from the scars of battle. The United States felt a profound sense of triumph and relief. Within a blink, from the official announcement of peace in November 1921, a national desire to commemorate this historic event took shape. By December, artists were sketching their visions, and by the end of that very month, the Peace Dollar was born.

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Visualize, if you will, a coin shimmering in your hand, bearing the serene face of Lady Liberty. Rumor whispers that de Francisci saw his wife’s radiant beauty every time he envisioned Lady Liberty. And on the flip side, an elegant eagle stands tall, eyes fixed on the vast horizon ahead.

Yet, an intriguing gap exists in this coin’s timeline. Between 1929 and 1933, the Peace Dollar vanished from minting machines. One might ask, “Why?” The answer traces back to an agreement from 1918, the Pittman Silver Purchase Act. This accord mandated the sale of American silver to our friends across the pond, Britain. And as the dark clouds of the Great Depression loomed, silver mines in the wild American West saw their last gleams of metal being sold off.

However, like a phoenix rising from its ashes, the Peace Dollar made its return in 1934. The silver market had hit rock bottom, enabling the U.S. to restart its coin production. But for a brief moment in history, the 1928 Peace Dollar stood alone, representing the final remnants of silver extracted from the heart of America.

An Insight into the 1928 Silver Dollar’s Artistry

Delving deeper into the intricate design elements of the 1928 silver dollar provides a fresh perspective on its significance.

A Glimpse at the Front Design

On the front face of this coin, an embodiment of freedom graces its surface — a depiction of Lady Liberty. With tresses dancing as if caressed by a gentle breeze, her crowned visage exudes majesty. Above her, the very name that stands for freedom resonates: “LIBERTY”. And as a testament to the nation’s faith, the affirmation “IN GOD WE TRUST” sits delicately below her dignified profile.

Where once the Morgan dollar showcased a distinctive grooved circumference, this 1928 coin surprises with its sleek, unembellished perimeter. This subtle design choice mirrors a time in America where simplicity and tranquillity reigned supreme. And at its base, the year of its minting, ‘1928’, stands as a silent guardian of history.

Journey to the Back Design

Turning the coin reveals a narrative of strength and unity. An imperial bald eagle, perched on a high ridge, stands sentinel. Its talons grasp a symbol of peace—an olive branch, while the dawning sun illuminates its figure in a radiant embrace.

Signifying the unity of states, the coin proudly proclaims “UNITED STATES OF AMERICA” curving along its upper limit. Just beneath, the Latin aphorism “E PLURIBUS UNUM” reminds us of a nation’s unity, born from diverse origins. As a declaration of its value, “ONE DOLLAR” is inscribed below. And, as a gentle nod to its moniker, the emblematic term “PEACE” is carved subtly into the peak upon which the eagle stands.

Exploring the Nuances of the 1928 Silver Dollar

Dive into the enchanting intricacies of the 1928 silver dollar, where every facet tells a story, from its alloy make-up to its distinctive minting marks and substantial physical dimensions.

The Silver Substance

This particular coin carries a legacy with it. Imagine a time when 90% of a coin was filled with pure, shimmering silver. The 1928 silver dollar stands out in American coinage history as the last of its kind to uphold this high silver ratio, a testament to the era of the Pittman Act.

Tales of Two Cities

Picture two famed American cities: the bustling metropolis of Philadelphia and the golden dream-filled San Francisco. These two cities played pivotal roles in birthing this iconic coin. However, distinguishing between them is an art in itself. Coins from the City of Brotherly Love bear no mark, silently paying homage to their origin. On the other hand, those graced by the breezes of the Golden Gate wear a discreet ‘S’, much like a secret handshake among aficionados.

To spot this mark, one must turn the coin over and let their eyes wander to the space just beneath the “O” in “ONE”. If you’re fortunate enough to spot that ‘S’, you’re holding a piece of San Francisco in your hand. Otherwise, you’re embracing the spirit of Philadelphia.

A Coin of Substance

Holding the 1928 silver dollar, one feels its heft and substance. Spanning a generous 38.1 millimeters across, this coin has a weightiness of 26.73 grams, reminiscent of its gravitas in coinage history. And at 2.4 millimeters thick, it’s not just a piece of history you’re holding; it’s a tangible testament to craftsmanship and design.

The 1928 Silver Dollar: A Coveted Relic

The silver dollar from 1928 is more than just a piece of metal; it’s a testament to a bygone era, echoing the tales of history and scarcity. Its worth is significantly influenced by its preserved state.

Interestingly, there were only a pair of production spots for this coveted coin in the United States. Let’s dive deeper into these two distinguished mints:

The San Francisco Minted 1928 Dollar

Known among enthusiasts as the 1928 “S” variant, this piece has found a special place in the hearts of numismatists. In that year, San Francisco witnessed the birth of approximately 1.63 million of these coins, a number seemingly large, but limited in the grand scheme of coin production.

A mildly worn 1928 “S” variant may fetch around the price of a decent meal for two, roughly $31. A coin with minimal signs of use might buy you a quality dinner at a good restaurant, coming in around $42. And if it’s been preserved almost immaculately? Well, it could equate to the cost of a weekend getaway, at approximately $59. However, the real gem lies in the untouched, pristine coins. These can range from the price of a high-end smartphone, around $200, soaring up to the equivalent of a brand-new car, crossing a staggering $23,300! There have even been instances where such a coin, graded to perfection, was exchanged for an amount akin to a down payment on a house, specifically $78,000!

The Unmarked 1928 Variant from Philadelphia

Besides its San Francisco sibling, the 1928 silver dollar with no distinguishable mint mark stands out as another gem. Originating from Philadelphia, this coin boasts an even rarer lineage, with a mere 360,649 pieces produced in that year. Its scarcity amplifies its demand in the market.

Even if this coin has traveled through countless hands, it can still amount to the price of a high-end tablet, say $320. A piece that’s withstood the tests of time with minor wear and tear might compare to the cost of a luxury smartwatch, perhaps $377. If its condition is close to impeccable, it can be likened to a top-tier laptop price, roughly around $433.

Yet, the crowning jewel remains the untouched Philadelphia minted coins. Their price range varies from a premium gaming console, about $545, to the lavishness of a small diamond, sometimes exceeding $5,000!

The Tale of the 1928 Shimmering Silver Coin

Have you ever held a piece of history in your hand and marveled at its beauty? Imagine a silver coin that gleams like a mirror, every tiny detail intricately etched with unmatched precision. Such coins, crafted with extra care and meticulousness, are not meant for casual transactions at the local store. They’re designed for those who appreciate the finer things in numismatics – the ardent coin collectors.

Interestingly, while the United States has a rich tradition of producing these extraordinary versions of regular coins across various years and denominations, the year 1928 stands out. The silver dollar from that year, against what one might expect, isn’t available in this “mirror-like” version.

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The Tale of the 1928 Silver Dollar’s Unique Missteps

In the vast world of coin collecting, the 1928 silver dollar stands as a testament to both history and wealth. Each of these coins, with its gleaming surface and intricate designs, might vary in worth depending on factors like wear and the place it was produced. Interestingly, sometimes an unintentional flaw can make a coin even more valuable!

Imagine a coin as a canvas, and sometimes during the minting process, unexpected incidents create unintentional masterpieces. These aren’t your typical coins; they’re treasures bearing the mark of a misadventure.

For those venturing into buying or selling one of these 1928 gems, it’s a sage move to dig deep into your research. With such coins holding significant value, getting advice from a seasoned coin expert can be invaluable, especially if you believe you’ve stumbled upon a 1928 treasure of your own.

The 1928 Silver Dollar’s Unintended Artistry

Have you ever seen a painting and noticed a splash of color that seemed out of place but added to its beauty? That’s what a lamination flaw does to a coin. In some instances, the silver’s outer layer doesn’t bond correctly, leading to portions peeling off. Picture a 1928 silver coin, gleaming and almost perfect, but with a subtle inconsistency near its date. Such an imperfection might go unnoticed by most, yet it can skyrocket its value. One such coin, despite this minor imperfection, managed to fetch a cool $645 at an auction!

Another, with a similar blemish on the depiction of Lady Liberty, despite showing more signs of wear, still managed to charm bidders to the tune of $250.

The 1928 Silver Dollar’s Accidental Imprint

Imagine a potter’s wheel, and as the potter shapes the clay, an unexpected pebble embeds itself, creating a unique pattern. That’s akin to a strike-through flaw in the coin world. During minting, foreign debris can find its way between the die and the coin, leading to unexpected marks.

One such 1928 silver coin bore the evidence of this accident right on Lady Liberty’s crown, looking as if she had engaged in some medieval battle! This “battle-scarred” coin, still in splendid condition, became the highlight of an auction, commanding a price of over $900.

All About the 1928 Silver Dollar

The story of the 1928 silver dollar is akin to discovering an old, forgotten piece of art in your attic. When discussing its past, several intriguing aspects come to the forefront.

The Elusiveness of the 1928 Silver Dollar

You might wonder why this particular coin isn’t as ubiquitous as some others from that era. Well, think of it as a limited edition print by a renowned artist. Fewer 1928 silver dollars were produced compared to other coins of its time. This, naturally, makes it a rarity today. Imagine storing these coins not in neat folders, but in heavy sacks holding a whopping 1000 coins each! The likelihood of them getting nicked and scratched was, therefore, much higher. Couple that with the hazards of older counting machines, and you can visualize how so many of them met with untimely wear and tear.

Were They All the Rage in 1928?

Curiously, when these silver dollars first graced the market, they were akin to a critically acclaimed book that didn’t quite catch the public’s fancy. Collectors and enthusiasts didn’t rush to preserve them, leading many into the hustle and bustle of everyday circulation. Today, if you stumble upon a pristine 1928 silver dollar, it’s akin to finding a first edition of a now-popular classic novel.

Other Coveted Dates in the Peace Dollar Series

Much like every book series has standout editions, the Peace Dollar range too has its stars. Besides the 1928 edition, the 1925 version bearing the “S” imprint is a gem to find, especially in impeccable condition. Similarly, the 1921 edition from Philadelphia and some minted in 1922 hold special places in the heart of collectors.

Unintentional Masterpieces: Errors in the 1928 Silver Dollar

Art isn’t always about intent; sometimes, it’s about happy accidents. Some 1928 silver dollars bear unintended imperfections like lamination and strike-through mistakes. Like a misprint in a book, these quirks can up the allure and value of the coin. So, if you think you’re in possession of one, it might be akin to owning a painter’s unintended brush stroke that makes the canvas priceless.

How Rare is This 1928 Masterpiece?

The rarity of a 1928 silver dollar can be likened to editions of a book; it varies based on its imprint. Those without a mint mark are more like limited edition releases, whereas ones stamped with an “S” are a bit more common. Nonetheless, if you have a well-preserved 1928 silver dollar, it’s as if you’ve secured a rare book that bibliophiles would envy.


Dive deep into the annals of numismatic history and you’ll find a gem from 1928 – a lustrous silver coin often referred to as the Emblem of Tranquility.

What makes this 1928 coin so sought after in the world of numismatics? It isn’t merely its shimmering facade but a concoction of limited issuance and the intriguing tales bound to its year of minting. Not to mention, if you’re vigilant enough, you might chance upon those with curious imperfections, making them even more of a rarity.

Whether you possess the coffers of a king or the modest purse of a pauper, there’s a variant of this 1928 coin that’s bound to pique your interest. May fortune favor your pursuit!

If, perchance, this silver relic from 1928 graces your collection, have you sought an expert’s eye to discern its worth? Share your story with us below. Your chronicles are our delight.