$725.00
A 1928 Peace Dollar graded NGC MS62 is a highly sought-after coin due to its low mintage and relative rarity in all grades. The combination of its status as a key date and its certification in an uncirculated grade makes it a valuable collectible.
The 1928 Peace Dollar, minted at the Philadelphia Mint, is the key date of the entire Peace Dollar series. It has the lowest mintage of any regular-issue Peace Dollar, with only 360,649 coins struck. The reason for this small mintage was that the U.S. government had fulfilled its obligations under the Pittman Act, which mandated the melting and recoining of silver dollars. This low production run makes the 1928 Peace Dollar a prime target for collectors.
While a significant number of these coins were saved from circulation, finding a well-struck example with good eye appeal can be a challenge. The strike quality is often weaker than other Philadelphia issues, and many have bag marks or lackluster surfaces.
The grade MS62 stands for Mint State 62. This is an uncirculated coin, meaning it has no signs of wear from being used in commerce. It is graded on the 70-point Sheldon Scale.
The value of a 1928 Peace Dollar is a significant jump from common dates. Even in lower grades, it commands a premium. An NGC MS62 1928 Peace Dollar is a valuable coin, with prices typically ranging from $600 to over $800, depending on the coin’s specific eye appeal and market conditions. This price point reflects its status as a key date and its certification by NGC.
The certification by NGC (Numismatic Guaranty Company), one of the two top-tier grading services, adds confidence and liquidity to the coin. The grade is guaranteed, and the coin is authenticated and protected in a sealed holder. For a key date like the 1928 Peace Dollar, professional grading is highly recommended to ensure authenticity and proper valuation.
