How Much Is A 1928 Peace Dollar Worth?
Values for the 1928 Peace dollar run from about $220–$280 (Very Fine) to $3,000–$4,500 (MS-65). Here is what separates the bottom of that range from the top — and how to find out where your coin lands.
History of the 1928 Peace Dollar
The 1928 Philadelphia is the key date of the Peace dollar series, with the lowest mintage of any issue at 360,649 — struck merely to round out legal requirements as silver dollar demand evaporated in the late 1920s.
Because collectors knew it was scarce from the start, a healthy share of the mintage was saved, so the 1928 is obtainable in most grades — just never cheap. Its status as "the" Peace dollar key keeps demand permanent.
The 1928 Peace dollar was struck in 1928 in 90% silver. Each coin weighs 26.73 grams. Production took place at Philadelphia, with 360,649 struck.
How much is a 1928 Peace dollar worth?
Like every collectible coin, the value of a 1928 Peace dollar comes down to grade, rarity and demand. The ranges below are approximate retail prices collectors pay for problem-free examples — coins that have been cleaned, scratched or holed usually trade well below these figures.
Printed price guides age quickly. The most honest benchmark is what comparable coins actually sold for. AI Coin Collector gives you a starting point: the Numista catalogue price per grade, from VG to UNC, whenever it identifies a coin.
- Very Fine: $220–$280
- Extremely Fine: $280–$350
- MS-63: $600–$850
- MS-65: $3,000–$4,500
How to identify a genuine 1928 Peace Dollar
Before you get excited about a potential find, confirm that the coin in your hand matches the genuine article. Work through this checklist:
When a coin fails any of these checks, treat it with suspicion. Modern counterfeits can be convincing at arm's length, but weight, dimensions and die details rarely lie.
- No mint mark: a genuine 1928 key has nothing at the wing tip — a 1928-S (common) with a removed S is the classic fake.
- Look for smoothing or scratches in the mint mark area under magnification.
- The GOD in the motto shows characteristic die polish on many genuine examples.
Check your 1928 Peace dollar with AI Coin Collector
The fastest way to find out what you have is to photograph the coin with AI Coin Collector. Our own AI vision model suggests what it is (you check and adjust the suggestion), the app estimates a grade on the Sheldon 1–70 scale, and shows the Numista catalogue price per grade.
From there you can add the coin to a collection, see the collection’s total value and export it to CSV. The app is free to start and comes to Android first.
Frequently asked questions
How much is a 1928 Peace dollar worth?
Broadly, examples at the bottom of the market (Very Fine) trade around $220–$280, while the strongest pieces (MS-65) bring $3,000–$4,500. Grade, rarity and eye appeal decide where a specific coin lands, and problem-free coins always bring the best prices.
How can I tell if my 1928 Peace dollar is genuine?
Start with the physical basics: no mint mark: a genuine 1928 key has nothing at the wing tip — a 1928-S (common) with a removed S is the classic fake. Counterfeits usually fail on weight, dimensions or fine die details, so compare your coin against verified reference photos before paying a premium.
Can an app identify and value my 1928 Peace dollar?
Yes. AI Coin Collector suggests an identification from a single photo using our own AI vision model — you check and adjust it — estimates a Sheldon grade from 1 to 70, and shows the Numista catalogue price per grade.