The Peace Dollar silver coin is one of the most regarded coins ever produced by the U.S. Mint. Due to the fact that these silver coins were only minted in limited quantities and for only a small number of years, serious coin collectors may want to get their hands on coins from every year they were minted.
The Peace Dollar coin is quickly approaching the 100 year old mark, and due to their advancing age many of the coins available today show age related physical wear and tear. This makes sense, given the fact that these coins were made to go into circulation. There are, however, brilliant, uncirculated Peace Dollar coins available. While these coins may not be considered overly “rare,” some editions can become quite scarce.
The process for grading coins is a long and thorough one. While there are specific steps that are taken, a coin’s final grade is determined by expert coin graders. These numismatists will extensively examine each coin in order to determine the coin’s overall condition. The better the overall condition, the more valuable the coin may be. The examination includes inspection of the coin’s details such as imagery and text, as well as a complete assessment of the coin’s color and finish. You can actually examine your coins yourself as well, and can get a good idea of how your coin may be graded based on its appearance, condition, mint year and relative scarcity.
Use the specifications below to determine how your Peace Dollar coin might be graded.
Uncirculated: A 1928 Peace Dollar coin in uncirculated condition will show zero signs of physical wear. Despite being almost a century old, these coins look as if they have just been rolled out of the mint’s presses. They appear and feel brand new. The coin’s text and images will show no signs of wear, although the coin’s color and finish may show signs of age. You can easily use a magnifying glass yourself to closely inspect the coin’s obverse, reverse and edge. Using a magnifying glass will allow you to see if all coin details, such as images or text, remain new in appearance, or if they have been degraded over the years.
Extremely Fine: The next step down the grading ladder is extremely fine. An extremely fine Peace Dollar will have minor wear on the images, text or edges. Some of the coin’s details, such as the bald eagle, may appear worn or feel smooth. Despite this, the coin is still considered to be in excellent condition and has maintained its crisp appearance over time.
Fine: While a coin in fine condition has retained its images or text, the detail may be obviously worn. In addition, the coin’s finish or color may be duller, and the coin has obvious signs of wear.
Good: A coin considered to be in good condition has clear and significant wear and tear. This damage can make it difficult to identify the coin, and a magnifying glass may be needed to do so. Although these coins are not in the greatest condition, they may still be very valuable. Relative scarcity, certain mint years and other factors may make these coins difficult to obtain.
As previously stated, the Peace Dollar is a coin that carries a certain demand and can therefore become difficult to obtain. Because of this coin’s particularly limited mintage, the price of this coin regularly exceeds $350. A coin in superb condition can exceed $400.
1928 Peace Dollar
|1928 Peace Dollar||N/A||N/A||$375||$400|
|1928 Peace Dollar (S)||N/A||N/A||$48||$65||Source: Red Book|