1928 United States 2 1/2 Dollar Value
A 1928 United States 2 1/2 Dollar is worth roughly $404 to $4,367 depending on its condition, and its metal content alone is worth $404 as of 2026-06-01 Exceptional, certified pieces regularly exceed the top of that range.
Melt estimated at the US 0.900 gold standard.
1928 United States 2 1/2 Dollar value by grade
| Grade | Estimated value |
|---|---|
| Melt value floor(metal content, 2026-06-01) | $404.31 |
| Good (G-4) | $404 to $485 |
| Very Good (VG-8) | $404 to $500 |
| Fine (F-12) | $404 to $524 |
| Very Fine (VF-20) | $404 to $558 |
| Extremely Fine (XF-40) | $447 to $631 |
| About Uncirculated (AU-50) | $550 to $776 |
| Mint State (MS-60) | $756 to $1,067 |
| Choice Unc (MS-63) | $1,203 to $1,698 |
| Gem Unc (MS-65) | $3,093 to $4,367 |
Estimated retail range, updated 2026-06-13. 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 United States 2 1/2 Dollar worth today?
Start with $404 for a heavily circulated 1928 United States 2 1/2 Dollar and work upward. Lightly circulated 1928 examples occupy the middle of the range, while true gems approach $4,367. If your coin has no wear on the high points, it deserves a closer look or a professional opinion.
1928 United States 2 1/2 Dollar specifications
- Series
- United States Coinage
- Year
- 1928
- Mint mark
- None (Philadelphia)
- Mintage
- Not recorded
- Composition
- Gold
- Weight
- 4.171 g
- Diameter
- 17.5 mm
- Gold content
- 0.12069 troy oz
Why this coin has no mint mark
The 1928 United States 2 1/2 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 (check the usual position for this series), you are holding a Philadelphia issue.
The value drivers behind this coin
Each 1928 United States 2 1/2 Dollar holds 0.1207 troy ounces of gold, worth $404 at current spot prices. Gold content dominates the value of common dates and underwrites every numismatic premium above it.
Documented examples of the 1928 United States 2 1/2 Dollar in our reference database anchor what we know about this issue. Mintage records are incomplete, so collector demand and surviving population drive its market.
Few series carry the following that supports the 1928 United States 2 1/2 Dollar. Documented United States coin types preserved in museum collections, with measured specifications for each date, denomination and mint. A coin that thousands of collectors are actively assembling into sets never lacks for a market.
1928 United States 2 1/2 Dollar inscriptions & design
Obverse
****** LIBERTY ******* (date)
indian head in bonnet l. in bas-relief
Reverse
UNITED STATES OF AMERICA; 2 1/2 D.: in field r.; IN GOD WE TRUST: in field l.; E PLURIBUS UNUM
eagle standing on fasces l.
Measured 1928 United States 2 1/2 Dollar specimens
1 physically measured 1928 United States 2 1/2 Dollar example in our reference database. Real measured weights and die axes let you authenticate a coin against the 4.171 g, 17.5 mm minting standard.
| Specimen | Weight | Diameter | Die axis | References |
|---|---|---|---|---|
| 1928 United States 2 1/2 Dollar #1 | 4.171 g | 17.5 mm | - | Friedberg.USA.120, Breen.6343 |
Specifications compiled from documented museum specimens. See our data & methodology page.
Summary: the 1928 United States 2 1/2 Dollar is valued between $404 and $4,367 as of 2026-06-13. Estimates combine mintage rarity, key-date status and metal content; they are editorial guidance, not an offer to buy.