(Serial Number may vary)

1928 $1 Peace Dollar 0.77344oz MS62 - American Silver Coin

The 1928 Peace Dollar represents one of the most iconic and historically significant coins in American numismatic history. This particular specimen, graded MS62 (Mint State 62), offers collectors and investors an exceptional opportunity to own a genuine piece of early 20th-century American coinage. With its stunning silver content of 0.77344 troy ounces of pure silver, this coin combines both historical significance and tangible precious metal value.

About the Peace Dollar Series

The Peace Dollar was minted from 1921 to 1930, and again from 1934 to 1935, commemorating the end of World War I and celebrating the return of peace to America and the world. Designed by renowned sculptor Anthony de Francisca, the Peace Dollar became a symbol of hope and national optimism during the post-war period. The 1928 Peace Dollar, in particular, represents the height of the series' early production years, when these coins were actively circulated throughout the United States economy.

This silver dollar quickly became one of the most beloved and collected American coins, treasured both for its artistic design and its substantial silver content. Today, Peace Dollars remain highly sought after by numismatists, silver investors, and history enthusiasts worldwide.

Obverse Design and Symbolism

The obverse (front) of the 1928 Peace Dollar features Lady Liberty in profile, facing left, with her hair flowing freely behind her. The design captures the essence of American freedom and independence, with Liberty depicted in a contemplative pose that reflects the era's artistic sensibilities. Her image is rendered with remarkable detail, showcasing de Francisca's masterful sculpting abilities. The word "LIBERTY" appears prominently along the left edge, while the year "1928" is positioned below her chin, clearly identifying this coin's mint year.

Reverse Design and Eagle Imagery

The reverse (back) of the 1928 Peace Dollar displays an American bald eagle at rest, perched on an olive branch—a powerful symbol of peace following the Great War. The eagle grasps the branch with its talons, and the composition conveys both strength and tranquility. Below the eagle appears the word "PEACE," the unifying theme of the entire series. The words "UNITED STATES OF AMERICA" arc across the upper portion of the reverse, while "ONE DOLLAR" and "E PLURIBUS UNUM" complete the inscription. This reverse design has become one of the most recognizable and admired reverse designs in all of American coinage.

Specifications and Physical Characteristics

• Year Minted: 1928
• Denomination: One Dollar ($1)
• Composition: 90% Silver, 10% Copper
• Silver Content: 0.77344 troy ounces of pure silver
• Total Weight: Approximately 26.73 grams
• Diameter: 38.1 millimeters
• Thickness: Approximately 2.4 millimeters
• Mint Mark: Varies by mint location (Philadelphia, Denver, or San Francisco)
• Designer: Anthony de Francisca
• Grade: MS62 (Mint State 62)
• Certification: Professional third-party grading

Understanding the MS62 Grading

The MS62 grade indicates that this 1928 Peace Dollar is in Mint State condition, meaning it has never been in circulation. However, MS62 is not the highest grade on the numismatic scale. At this grade level, the coin will display some light bag marks, minor surface imperfections, and slight contact marks from handling during minting and storage. These characteristics are entirely normal for coins of this era and do not detract significantly from the coin's beauty or collectibility.

An MS62 specimen offers an excellent balance between affordability and quality. The coin retains strong luster and excellent eye appeal while being more accessible in price than higher-grade examples such as MS63, MS64, or MS65. This makes the MS62 grade particularly popular among both experienced collectors and those newer to numismatic investing.

Historical Context of the 1928 Mint Year

The year 1928 fell during a fascinating period in American history, just before the stock market crash that would trigger the Great Depression. This was an era of economic prosperity, technological advancement, and cultural flourishing known as the "Roaring Twenties." Peace Dollars minted in 1928 entered circulation during this optimistic period, exchanging hands for goods and services throughout the American economy.

The 1928 Peace Dollar mintages varied depending on the mint facility. Coins minted at the Philadelphia mint (no mint mark), Denver mint (D), and San Francisco mint (S) all contributed to the total production, making these coins from various mint locations available to collectors.

Silver Content and Investment Value

Beyond its numismatic value as a collectible coin, the 1928 Peace Dollar possesses significant intrinsic value derived from its silver content. The 0.77344 troy ounces of pure silver contained within this coin provides a tangible store of wealth that transcends the coin's face value of one dollar. Silver has been recognized as a precious metal and store of value for thousands of years, and vintage silver coins like the Peace Dollar continue to appeal to precious metals investors worldwide.

Many collectors and investors appreciate Peace Dollars specifically because they offer what is sometimes called "two-fold value"—both the collectible numismatic premium associated with the coin's age, rarity, and condition, plus the underlying precious metal value. This dual appeal has made Peace Dollars consistently popular in the bullion and numismatic markets.

Why Collect 1928 Peace Dollars?

Collecting 1928 Peace Dollars offers numerous advantages for both numismatists and precious metals enthusiasts. These coins represent a tangible connection to American history, embodying the artistic achievement of the 1920s and the optimism of the post-war era. The combination of beautiful design, historical significance, and solid silver content makes Peace Dollars enduringly attractive to collectors of all experience levels.

Additionally, Peace Dollars remain relatively affordable compared to other early American silver dollars, yet their popularity and consistent collector demand help maintain their value over time. Whether you're building a collection of American coinage, assembling a precious metals portfolio, or seeking a meaningful historical artifact, a 1928 Peace Dollar in MS62 condition represents an excellent choice.

Preservation and Care

Proper handling and storage are essential for maintaining the condition and appearance of your 1928 Peace Dollar. When examining the coin, handle it by the edges only, avoiding contact with the obverse and reverse surfaces. Store the coin in a cool, dry location in appropriate numismatic holders that do not contain PVC or other corrosive materials. Avoid cleaning or attempting to restore the coin's appearance, as such efforts typically reduce its value and desirability among collectors.

Conclusion

The 1928 $1 Peace Dollar in MS62 condition represents an outstanding opportunity to acquire a historically significant American coin with considerable numismatic and intrinsic value. Whether added to an existing collection or serving as the foundation for a new numismatic journey, this coin offers beauty, history, and real precious metal content. With its iconic design, connection to American history, and substantial silver content of 0.77344 troy ounces, the 1928 Peace Dollar deserves a place in any serious collection of American coinage.