The provided context confirms the existence of the 1928 Peace Dollar from the Philadelphia Mint but does not offer a comprehensive valuation. Based on expert numismatic knowledge, the 1928 Peace Dollar is a significant and valuable coin for collectors.
The 1928 Peace Dollar, struck at the Philadelphia Mint, is the key date of the entire series. Its value stems from its incredibly low mintage of just 360,649 coins, the lowest of any Peace Dollar. Because of this rarity, its worth is significantly higher than its intrinsic silver value and far exceeds that of more common dates in the series.
A coin's specific value is highly dependent on its condition, or grade. In heavily circulated conditions, such as Good or Very Good, a 1928 Peace Dollar can be worth between $150 and $300. As the condition improves, the value increases substantially. In About Uncirculated (AU) condition, the coin's value typically ranges from $400 to $600.
For uncirculated, or Mint State (MS), examples, the value escalates dramatically. A common uncirculated grade like MS-60 or MS-61 might be valued around $600 to $800. In a higher grade such as MS-63, the value can climb to over $1,200. Gem-quality specimens graded MS-65 or higher are exceptionally rare and can command prices well into the tens of thousands of dollars. For an accurate valuation, it is always recommended to have such a key-date coin professionally graded by a reputable third-party service.
