Do you have a coin collection? If so, it might be time to check if you have a rare dollar coin called the 1928-S Peace Dollar. This coin is highly valued and can be worth $13,200 if you have the right one. Let’s explore what makes this coin special and how you can identify it!
What Makes the 1928-S Peace Dollar Special?
The 1928-S Peace Dollar is sought after by coin collectors due to its rarity and unique features. Only a few of these coins are in great condition, which makes them valuable. The best examples of this coin are graded by a company called PCGS, which stands for Professional Coin Grading Service.
Key Details About the 1928-S Peace Dollar
Here’s a table that shows important details about this rare coin:
| Feature | Details |
|---|---|
| Coin Name | Peace Dollar |
| Year of Production | 1928 |
| Mint Location | San Francisco (S) |
| Grade | MS65 (PCGS) |
| Total Known in MS65 | 77 coins |
| Weight | 26.73 grams |
| Metal Composition | 90% Silver, 10% Copper |
| Value | Up to $13,200 |
Rarity and Grading
The 1928-S Peace Dollar is especially rare because only 77 coins have been graded as MS65 or better by PCGS. This means they are in excellent condition. The high grade indicates that the coin has a shiny appearance, is free from scratches, and has a clear design. In fact, coins in this grade can sell for a lot of money.
The Unique Features of the Coin
This coin is known for its beautiful design. The 1928-S Peace Dollar has a bright and frosty surface with a slight amber color around the edges. Collectors love the bold strike on this coin, which means the design is well-defined and clear. All these features contribute to its high value.
Auction Success
On May 10, 2024, a 1928-S Peace Dollar was sold at auction for $13,200. This sale shows how much collectors are willing to pay for rare coins, especially those in excellent condition. If you have one of these coins, it might be worth getting it evaluated by a professional!
What Is a Die Break?
Sometimes, coins can have errors that make them even more valuable. A die break, or a cud, occurs when a small piece is missing from the die that stamps the coin. This creates a unique feature on the coin that collectors find interesting. However, these errors are rare because the U.S. Mint has strict quality control. Most mistakes are caught before coins are released.
Why Collectors Trust PCGS
The Professional Coin Grading Service (PCGS) is trusted by collectors to authenticate and grade coins. Their certifications give buyers confidence that the coins are genuine and in the condition stated. The 1928-S Peace Dollar is a perfect example of how important grading is in the coin collecting world. With such a low number of high-graded coins available, this piece has a lot of historical and collectible value.
Conclusion
The 1928-S Peace Dollar is more than just a dollar coin; it’s a valuable piece of history. Its rarity, unique features, and high auction prices make it a target for collectors everywhere. If you think you might have one of these coins, it’s worth checking its grade and condition. Collecting coins can be exciting and rewarding, especially if you find a hidden treasure like this one! Understanding the value of such coins can help you appreciate the fascinating world of numismatics.
FAQ’s
How can I tell if my coin is a 1928-S Peace Dollar?
Look for the date “1928” on the front of the coin and check for the “S” mint mark on the back. The coin will also have the word “Peace” and show Lady Liberty on the front.
Why is the 1928-S Peace Dollar so valuable?
The 1928-S Peace Dollar is valuable because it is rare, especially in high grades like MS65. Only a few have been found in excellent condition, making them sought after by collectors.
What is a die break?
A die break, also known as a cud, is a defect that happens when a piece of the die that stamps the coin is missing. This can create unique markings on the coin that collectors may find interesting.