1928-S Peace Dollar Value
Today a 1928-S Peace Dollar typically sells for $31.00 to $706, with condition doing most of the work, and its metal content alone is worth $28.23 as of 2026-06-01 Certified examples in top grades can run far higher.
1928-S Peace Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $31.00 to $46.00 |
| Very Good (VG-8) | $35.00 to $51.00 |
| Fine (F-12) | $39.50 to $58.00 |
| Very Fine (VF-20) | $47.00 to $69.00 |
| Extremely Fine (XF-40) | $60.00 to $88.00 |
| About Uncirculated (AU-50) | $81.50 to $120 |
| Mint State (MS-60) | $120 to $176 |
| Choice Unc (MS-63) | $192 to $282 |
| Gem Unc (MS-65) | $480 to $706 |
Estimated retail range, updated 2026-06-15. Estimates are modeled from mintage rarity and metal content, not auction records. Actual sale prices vary with certification, eye appeal and market timing.
How much is a 1928-S Peace Dollar worth today?
In worn but collectible condition (Good-4), a 1928-S Peace Dollar starts around $31.00. From there, value climbs with every grade step: a gem Mint State example (MS-65) can reach $706. Most coins found in old collections fall somewhere between Very Fine and About Uncirculated, the middle rows of the table above.
1928-S Peace Dollar specifications
- Series
- Peace Dollar
- Year
- 1928
- Mint mark
- S
- Mintage
- 1,632,000
- Composition
- 90% silver, 10% copper
- Weight
- 26.73 g
- Diameter
- 38.1 mm
- Edge
- Reeded
- Designer
- Anthony de Francisci
- Silver content
- 0.77344 troy oz
Mintage figure: US Mint reports (approximate).
Where is the mint mark on a 1928 Peace Dollar?
To confirm your 1928 coin is the San Francisco issue, find the small "S". On the reverse, near the bottom left, just below the word ONE and above the eagle's tail feathers The mark is small, so tilt the coin under a light if it is not obvious.
What makes the 1928-S Peace Dollar valuable
1,632,000 were struck: enough that circulated examples are obtainable, few enough that Mint State pieces carry real premiums.
The 90% silver composition gives a 1928-S Peace Dollar 0.7734 oz of precious metal ($28.23 at current spot). Bullion demand alone supports the bottom of its price range.
Context adds the final layer to the 1928-S Peace Dollar. Sculptor Anthony de Francisci won the 1921 design competition, modeling Liberty on his wife Teresa. Owning this date means owning a piece of that story, and demand for the series as a whole sustains liquidity for every issue in it.
Summary: the 1928-S Peace Dollar is valued between $31.00 and $706 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.