IF you’ve got a rare dollar coin lying around, now’s the time to dig it out because you might be in for a windfall.
The 1928-S Peace Dollar is a highly sought-after piece among collectors, distinguished by its rarity in Gem or better grades, and it’s valued at $13,200.
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This particular issue is renowned for being one of the most elusive Peace dollars, with only a few dozen coins certified in MS65 by PCGS.
Its rarity is matched only by the 1925-S, making it a significant addition to any collection.
The 1928-S Peace Dollar in MS65 boasts luminous and frosty surfaces that are predominantly brilliant.
The coin features wisps of amber-russet around the margins, adding a unique touch to its overall appearance.
The strike on this piece is bold, enhancing its appeal, and it is free from distracting abrasions.
For most collectors, this MS65 example represents the finest obtainable grade for the date.
This provides a rare opportunity to acquire such a well-preserved coin, according to Heritage Auctions.
Here are the coin’s details:
- Series: Peace Dollar
- Date: 1928-S
- Grade: MS65 (PCGS)
- Population: 77 in MS65 (4 in MS65+), 1 finer (3/24)
- Weight: 26.73 grams
- Metal Composition: 90% Silver, 10% Copper
- Coin Index Numbers: NGC ID# 257W, PCGS# 7374, Greysheet# 7909
SHE’S RARE
According to PCGS, there are currently 77 examples of the 1928-S Peace Dollar graded MS65, with an additional 4 in MS65+ and only one coin graded finer as of March 2024.
The NGC Census reflects an even smaller number, with only four coins listed in this grade, reports Heritage Auctions.
The rarity of the 1928-S Peace Dollar in such high grades makes it a coveted item for serious numismatists.
In fact, it was sold at auction on May 10, 2024, for $13,200, per Heritage Auctions.
What is a die break or error on a coin?
What causes such defects on coins and why are they so rare to find?
A die break, also known as a cud, is an error on a coin that is formed when a die, (a metallic piece that is used to strike a coin) is missing a piece near the rim.
When dies strike coins, they have a heavy impact and pressure and the metal from the blank part of the coin, known as the planchet, overlaps the area left by the missing piece of the die.
Coins with such deformities are rare thanks to the strict quality control measures at the US Mint.
When such errors do occur, they are often caught and destroyed.
However, those that slip through the net become huge collector’s items worth much more than their face value.
Source: Littleton Coin Company
THE GRADE THAT MATTERS
The Professional Coin Grading Service (PCGS) plays a crucial role in authenticating and grading coins like the 1928-S Peace Dollar.
As a leading authority in the field, PCGS’s certification provides collectors with confidence in the authenticity and quality of their acquisitions.
The current population report for the 1928-S Peace Dollar attests to its rarity and the challenge of finding pieces in higher grades.
As a coin of significant historical and collectible value, the 1928-S Peace Dollar in MS65 stands out not only for its rarity but also for its exceptional quality and striking features.
If this coin doesn’t quite catch your attention, however, The U.S. Sun has reported on several other high-quality and rare coins.
One Lincoln penny could be worth $504,000 all because of its date and the material it’s made of.
Plus, you can learn how to spot a penny worth $1,400.
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