1928 $1 Peace Dollar PCGS MS63

Key Features:

• Obverse:
  • Depicts Lady Liberty with flowing hair, wearing a radiant crown. The word “LIBERTY” appears above her, and the motto “IN GOD WE TRUST” is inscribed below, with the date “1928” at the bottom.
• Reverse:
  • Features a bald eagle perched on a rock, holding an olive branch, symbolizing peace. Behind the eagle are rays of sunlight, and the inscriptions “UNITED STATES OF AMERICA”, “E PLURIBUS UNUM”, and the denomination “ONE DOLLAR” circle the reverse. The word “PEACE” appears at the bottom, reinforcing the theme of the coin.
• Composition: 90% silver, 10% copper.
• Silver Content: Approximately 0.7734 troy ounces of silver.
• Diameter: 38.1 mm.
• Weight: 26.73 grams.

Grade:

• PCGS MS63 (Mint State 63):
  • A Mint State 63 (MS63) grade indicates that the coin is uncirculated with no signs of wear, but it has more noticeable marks, nicks, or abrasions than coins graded MS64 or higher. The coin still retains a good strike, strong luster, and overall eye appeal, but minor imperfections are visible on the surface, typically in the fields or on high points of the design.
  • For the 1928 Peace Dollar, this grade is highly desirable due to the coin’s rarity, and it offers a balance between quality and affordability for collectors.

Historical Context:

• The Peace Dollar series was introduced in 1921 to celebrate peace following World War I. The 1928 Peace Dollar holds special significance because it was struck at a time when the minting of Peace Dollars was being reduced. The year 1928 was the last year that Peace Dollars were struck for regular circulation until minting resumed briefly in 1934 and 1935.
• The 1928 Peace Dollar was minted only at the Philadelphia Mint, with no mintmarks, making it one of the rarest regular-issue Peace Dollars.

Mintage & Rarity:

• Mintage: The 1928 Peace Dollar had a notably low mintage of only 360,649 coins, making it the lowest mintage of any regular-issue Peace Dollar. This limited mintage significantly adds to its scarcity and desirability among collectors.
• Rarity: In higher grades like MS63, the 1928 Peace Dollar is even rarer, as many examples that survive today show signs of circulation or surface damage. Finding an uncirculated example in MS63 represents a great opportunity for collectors to own a key-date coin in relatively high condition.

Market Appeal:

• The 1928 Peace Dollar is considered the key date for collectors of the Peace Dollar series, and examples in MS63 are highly sought after. In this grade, the coin retains a strong strike, luster, and an attractive overall appearance, with only minor distractions.
• Because of its low mintage, even coins in lower uncirculated grades like MS63 command premium prices compared to more common dates in the series.

Conclusion:

The 1928 $1 Peace Dollar PCGS MS63 is a prized coin for collectors due to its low mintage and status as the key date in the series. While the MS63 grade indicates some surface imperfections, it remains an attractive, uncirculated example with strong luster and eye appeal. For collectors looking to add a key-date Peace Dollar to their collection, this coin offers both historical significance and investment potential, making it a valuable addition to any U.S. silver dollar collection.

VF-20 Very Fine – Hair over eye well worn. Some strands over ear well defined. Some Eagle’s feathers on top and outside edge of right wing visible.

EF-40 Extremely Fine— Hair lines over brow and ear are strong, though slightly worn. Outside wing feathers at right and those at top visible but faint.

AU50 About Uncirculated— Slight trace of wear. Most mint luster present, although marred by contact marks.

MS-60 Uncirculated— No trace of wear, Full mint luster, but possibly noticeably marred stains, surface marks, or bag abrasions.

MS-63 Choice Uncirculated— Some distracting contact marks or blemishes in prime focal areas. Impaired luster possible.

MS-64 Uncirculated— A few scattered contact marks, good eye appeal and attractive luster.

MS-65 Gem Uncirculated— Only light, scattered contact marks that are not distracting. Strong luster, good eye appeal.