Obverse
Reverse
1928-S Peace Silver Dollar - Semi-Key Date
$54 – $4,125
The 1928-S Peace Silver Dollar was minted at the San Francisco Mint with a mintage of 1,632,000. Values range from $54 in lower grades to $4,125 in top condition. This is a semi-key date with strong collector demand. The coin contains 90% silver with a melt value of $23.59.
Melt Value (90% silver)
$23.59
Based on $30.50/oz silver
as of Aug 1, 2026
Market Activity
1 recent saleCoinValueDB Price Guide by Grade
| Grade | Value |
|---|---|
Good (G-4)
| $72 |
Very Good (VG-8)
| $55 |
Fine (F-12)
| $56 |
Very Fine (VF-20)
| $62 |
Extremely Fine (EF-40)
| $81 |
About Uncirculated (AU-50)
| $81 |
Choice AU (AU-55)
| $150 |
Mint State (MS-60)
| $159 |
Choice (MS-63)
| $390 |
Near Gem (MS-64)
| $1,600 |
Gem (MS-65)
Best Value
| $9,403 |
Superb Gem (MS-66)
| $88,000 |
Superb Gem+ (MS-67)
| $4,125 |
Recent eBay Sales
- $683 (MS-63, NGC)View →
Coin Specifications
Historical Notes
San Francisco semi-key date with low mintage of 1.63 million coins.
About the Peace Silver Dollar
The Peace Silver Dollar replaced the Morgan Dollar in 1921 to commemorate the end of World War I. The Commission of Fine Arts held a design competition, and Italian-American sculptor Anthony de Francisci won the commission. He based the face of Lady Liberty on his wife, Teresa de Francisci. The coin shows Liberty wearing a radiate crown on the obverse and a perched eagle on the reverse with the word PEACE below it. The mint produced the coin from 1921 to 1935. The 1921 issue used a high-relief design that caused production issues, so the Mint flattened the relief for all coins dated 1922 through 1935. The series ended in 1935 because the Pittman Act requirements for silver purchases concluded and demand for silver dollars dropped.
Collecting Peace Silver Dollar Coins
Start your collection with the 1922, 1923, and 1924 dates, as these are the most common and affordable. Focus on finding coins in Mint State condition since millions exist. Avoid coins with heavy bag marks on Liberty's cheek, as these detract from the value. Watch for counterfeits of the 1921 high-relief issue and the 1928 Philadelphia strike; these coins have a different weight or surface texture compared to genuine silver strikes.
This series includes key dates — check individual coin pages for rarity details.
Frequently Asked Questions
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Related Guides
Related Peace Silver Dollar Coins
1921 Peace Silver Dollar
Philadelphia
$145 – $12,350
1922-D Peace Silver Dollar
Denver
$31 – $2,925
1922 Peace Silver Dollar
Philadelphia
$37 – $2,900
1922-S Peace Silver Dollar
San Francisco
$35 – $2,900
1923-D Peace Silver Dollar
Denver
$32 – $2,700
1923 Peace Silver Dollar
Philadelphia
$36 – $3,025
1923-S Peace Silver Dollar
San Francisco
$29 – $2,650
1924 Peace Silver Dollar
Philadelphia
$32 – $2,625
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