
You have a truly special coin on your hands! The 1928 silver dollar you're asking about is known as the Peace Dollar, and it is widely considered the ultimate prize for collectors of the series. This isn't just another silver dollar; it's the "key date," meaning it is the rarest and most sought-after coin in the entire Peace Dollar collection.
The reason for its incredible value lies in its scarcity. In 1928, the Philadelphia Mint produced an astonishingly low number of these coins—only 360,649 in total. This was the lowest mintage of any coin in the series, making it exceptionally difficult to find today and highly coveted by numismatists looking to complete their sets.
This rarity translates directly into significant value, which is heavily dependent on the coin's condition or grade. Even in a circulated, well-worn "Good" condition, a 1928 Peace Dollar can command a value of over $225. As the condition improves, the value climbs dramatically. A coin in "Fine" condition often approaches $300, while one in "Extremely Fine" condition can soar past $425. If you are fortunate enough to have an Uncirculated example, its value jumps to well over $600, with the most pristine specimens fetching even higher prices from eager collectors. You are holding a true piece of American numismatic history.


