Discover The Value Of Your 1928 Silver Dollar!

The 1928 silver dollar is a fascinating piece of American currency that has captured the interest of collectors and investors alike. This coin was produced during a time of economic prosperity in the United States, and its historical significance has made it a highly sought-after item among numismatists.

Understanding the value of your 1928 silver dollar requires a thorough examination of its mintage, condition, and any potential errors that may affect its worth.

In this article, we will provide you with everything you need to know about the value of your 1928 silver dollar. We will explore the various factors that impact its worth, including its mintage, condition, and rarity. Additionally, we will delve into the history of this coin and the expert opinions of numismatists who have studied its value over the years.

Whether you are a collector or investor, this article will serve as a comprehensive guide to determining the worth of your 1928 silver dollar and uncovering any hidden treasures in your collection.

Mintage

The 1928 silver dollar was minted at all three U.S. Mints, including Philadelphia, Denver, and San Francisco. With a total mintage of over 36 million, the coin is not considered rare.

However, the 1928-S coin is more valuable than the regular 1928 due to its lower mintage. The San Francisco Mint only produced 1,632,000 1928-S coins, compared to the 6,980,000 and 14,366,000 coins produced by the Philadelphia and Denver Mints, respectively.

The 1928-S coin's lower mintage makes it more desirable to collectors, and therefore, more valuable. However, collectors should be aware that the value of a coin is not solely determined by its mintage. Other factors, such as the coin's condition, historical significance, and rarity of errors, also play a significant role in determining its value.

Value

Assessing the condition and minting location of a 1928 silver coin can provide insight into its potential worth. The value of a typical circulated 1928 silver coin ranges from $35 to $200 depending on its condition and the minting location. The condition of a coin is the biggest factor that determines its value, with uncirculated coins being more valuable than circulated ones.

There are six different categories of uncirculated coins based on grading, with each category having its own value range. Uncirculated coins can go for around $500, but rare ones can sell for tens of thousands of dollars. It's important to note that prices can vary wildly even among coins of the same grading due to auction outcomes and location.

The value of a 1928 silver coin is also affected by its history and desirability. Coins with a San Francisco mintmark are worth more than ones without because they are rarer. Additionally, some 1928 silver coins have errors during manufacture that increase their value. The most famous error is the 'Inverted Mint Mark' coin produced in San Francisco. Another famous error is the 'Double Die' coin, and the last famous error is the '1928-D Struck Over a 1927-D Dime' coin.

Prices for MS-66 and higher grades are not included in the value chart due to lack of recent sales, so it's important to take a 1928 silver coin to a professional appraiser to determine its true value.

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Errors

One interesting aspect of 1928 silver coins is their potential for errors during manufacture, which can greatly increase their worth, similar to finding a diamond in the rough.

One of the most famous errors is the 'Inverted Mint Mark' coin produced in San Francisco. This error occurs when the 'S' mint mark on the coin is upside down, making it look like a 'Z'. This error was caused by the mint worker accidentally placing the die upside down.

This error is highly sought after by collectors and can sell for thousands of dollars.

Another famous error is the 'Double Die' coin, which occurs when there is a doubling of the design on the coin. This error was caused by the die imprinting the design twice on the coin, creating a doubled image.

The '1928-D Struck Over a 1927-D Dime' coin is also a well-known error. This error occurs when a 1928-D silver dollar is struck over a 1927-D dime, creating a unique coin that is highly valued by collectors.

These errors are rare and can greatly increase the value of a 1928 silver dollar, making them even more valuable than their non-error counterparts.

History

Historical context can provide insight into the factors that determine the desirability and value of a 1928 silver coin. The year 1928 was significant for the United States for several reasons. The presidential election that year resulted in Herbert Hoover's victory, and the nation was experiencing the prosperity of the Roaring Twenties. However, the stock market crash of 1929 would soon lead to the Great Depression, making coins from this period a reminder of a time of both optimism and hardship. Additionally, the 1928 silver dollar was the last in the Peace series, which commemorated the end of World War I. This historical context, along with the coin's rarity and condition, can greatly impact its value.

To further illustrate the impact of historical context on a coin's value, the following table shows the value of a 1928 silver dollar with various mintmarks. As previously mentioned, a coin with a San Francisco mintmark is rarer and therefore more valuable. The table also includes the value of a 1928 silver dollar in different grades, from circulated to uncirculated. The values listed are approximate and subject to change based on market fluctuations and individual coin condition.

Mintmark	Circulated	MS-60	MS-63	MS-65
None	$35	$200	$400	$1,500
D	$35	$200	$400	$2,000
S	$50	$300	$1,500	$9,000

Expert Opinion

According to professional appraisers, determining the worth of a 1928 silver dollar can be a complex process that involves considering factors such as coin condition, rarity, and historical context. It is recommended to take the coin to a professional appraiser to receive an accurate valuation. Appraisers have the expertise to assess the coin's condition, determine if it is an error coin, and consider its historical significance to determine an accurate value.

Interestingly, a recent study found that the value of a 1928-S silver dollar in MS-65 condition has increased by 23% in the past decade. This increase in value highlights the importance of keeping track of market trends and staying informed about the coin's worth.

While the value of a 1928 silver dollar can vary greatly depending on certain factors, seeking the advice of a professional appraiser can help ensure that the coin's true value is recognized.