1928 Peace Dollar

The 1928 Peace Dollar features two of the most difficult coins of the series. This was also the year when the United States Mint finished striking all of the silver dollar coins required by the Pittman Act. A production gap of six years followed, with the next Peace Dollars in the series not produced until 1934.

The 1928 Peace Dollar produced at the Philadelphia Mint is considered the key date of the series. It has the lowest mintage with just 360,649 coins produced for circulation. Because many of the coins were saved, the coin remains relatively available, although priced at a premium in all grades. Locating an attractive coin graded gem or higher can be a challenge due to weak strikes and below average luster. The grading companies usually do not downgrade coins for weak strikes except in the highest grades, so cherry picking is a worthwhile advice.

The 1928-S Peace Dollar presents a different type of challenge. Although the mintage was much higher than the Philadelphia minted coin, examples in true gem grades are an absolute rarity. The coins were poorly produced and almost always found with weak strikes, weak luster, and many bag marks. Any MS65 coin brings a lot of attention from Peace Dollar specialists.