It's an exciting possibility to have a silver dollar from 1928, but it's important to clarify which coin you have, as this makes a world of difference. You're likely holding a 1928 Peace Dollar, not a Morgan Dollar. The Morgan series actually ended its main run in 1904 and was only briefly minted again in 1921. The coin minted for circulation in 1928 was the Peace Dollar, and if that's what you have, you are in possession of a truly remarkable piece of American history.
The 1928 Peace Dollar is considered the absolute key date of the entire series, making it highly sought-after by collectors. Its status comes from its incredibly low mintage; only 360,649 were ever struck at the Philadelphia Mint. This scarcity means that even a well-circulated coin in "Good" condition can be worth a significant amount, often fetching hundreds of dollars.
If your coin has managed to avoid circulation and is in uncirculated, or "Mint State," condition, its value skyrockets dramatically. It is hailed as the "king of the series" in these higher grades. A certified uncirculated 1928 Peace Dollar can be worth anywhere from around $525 to well over $10,000. For the most pristine, perfectly preserved examples, the value can even climb into the tens of thousands, with top-graded specimens potentially valued at over $100,000.
Given the substantial potential value of this coin, you should take a very close look at it. If you believe you have the rare 1928 Peace Dollar, getting it professionally appraised would be a wise next step to determine its exact condition and true worth.
