1928 Peace Dollar Value
Depending on how well it survived, a 1928 Peace Dollar brings anywhere from $220 to $5,200, with a hard melt-value floor of $28.23 as of 2026-06-01 Certified examples in top grades can run far higher.
1928 Peace Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $28.23 |
| Good (G-4) | $220 to $290verified |
| Very Good (VG-8) | $240 to $320verified |
| Fine (F-12) | $260 to $340verified |
| Very Fine (VF-20) | $280 to $370verified |
| Extremely Fine (XF-40) | $320 to $420verified |
| About Uncirculated (AU-50) | $380 to $500verified |
| Mint State (MS-60) | $480 to $640verified |
| Choice Unc (MS-63) | $800 to $1,100verified |
| Gem Unc (MS-65) | $3,800 to $5,200verified |
Estimated retail range, updated 2026-06-15. Rows marked verified reflect dealer retail listings; the rest are model estimates from mintage rarity and metal content. Actual sale prices vary with certification, eye appeal and market timing.
How much is a 1928 Peace Dollar worth today?
At the entry level, well-worn examples bring about $220. The same coin in gem uncirculated condition is a $5,200 coin. Grade is everything: two examples of the 1928 Peace Dollar can differ in price by an order of magnitude based purely on preservation.
1928 Peace Dollar specifications
- Series
- Peace Dollar
- Year
- 1928
- Mint mark
- None (Philadelphia)
- Mintage
- 360,649
- 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).
Why this coin has no mint mark
The 1928 Peace Dollar was struck at the Philadelphia Mint, which used no mint mark in this era. If you find no letter where branch-mint coins carry one (On the reverse, near the bottom left, just below the word ONE and above the eagle's tail feathers), you are holding a Philadelphia issue.
The value drivers behind this coin
With a mintage of just 360,649, the 1928 Peace Dollar is one of the celebrated key dates of the Peace Dollar series. Survivors are scarce in every grade, and demand from series collectors keeps prices firm year after year.
Every 1928 Peace Dollar contains 0.7734 troy ounces of pure silver, currently worth $28.23. That intrinsic value is a hard floor under the price: no matter how worn the coin, the silver inside cannot be graded away.
Few series carry the following that supports the 1928 Peace Dollar. Production ran through 1928, paused, and resumed briefly in 1934-1935 when the Treasury needed silver certificates backing. A coin that thousands of collectors are actively assembling into sets never lacks for a market.
1928 Peace Dollar inscriptions & design
Obverse
LIBERTY / IN GOD WE TRVST / 1928
Liberty, head l. rays
Reverse
UNITED.STATES.OF.AMERICA/E.PLURIBUS.UNUM/ONE DOLLAR/PEACE
eagle standing. r. on rock, wings closed, rays and laurel spring
Measured 1928 Peace Dollar specimens
2 physically measured 1928 Peace Dollar examples in our reference database. Real measured weights and die axes let you authenticate a coin against the 26.73 g, 38.1 mm minting standard.
| Specimen | Weight | Diameter | Die axis | References |
|---|---|---|---|---|
| 1928 Peace Dollar #1 | - | - | 6 h | - |
| 1928 Peace Dollar #2 | - | - | 6 h | - |
Specifications compiled from documented museum specimens. See our data & methodology page.
Summary: the 1928 Peace Dollar is valued between $220 and $5,200 as of 2026-06-15. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.