1928 $1 Peace Dollar PCGS MS62

Key-date status and the lowest regular-issue mintage of the Peace dollar series define the 1928 Peace Dollar as one of the most coveted Philadelphia issues of the 20th century. Certified PCGS MS62, this example represents the premier circulation-strike rarity of the type, a coin whose importance has long been recognized by advanced silver dollar specialists and type collectors alike. Anthony de Francisci’s celebrated Peace dollar design remains among the most admired motifs in American numismatics. The obverse features a radiant left-facing Liberty crowned with spikes evocative of the Statue of Liberty, with LIBERTY above, IN GOD WE TRVST at left, and the date 1928 below. The reverse presents a perched bald eagle at rest upon a mountaintop, clutching an olive branch, with PEACE prominently placed beneath. UNITED STATES OF AMERICA and E PLURIBUS UNUM arc above, while ONE DOLLAR anchors the reverse legend. Struck at Philadelphia, this issue carries no mintmark, as expected for the mint of origin. In Mint State 62, the coin offers the pleasing overall preservation expected of a carefully saved key-date Peace dollar. The strike is consistent with the issue, with central design features showing solid definition for the grade. Soft silver-white surfaces are complemented by satiny mint luster, while the expected marks for the assigned grade are present but do not overwhelm the coin’s overall eye appeal. Peace dollars of this date are frequently encountered with subdued or broken frost, making attractive, problem-free Mint State examples especially desirable; this piece should compare favorably in that regard. The 1928 Peace Dollar occupies a singular position within its series. With a mintage of just 360,649 pieces, it is the lowest-mintage regular issue of the entire 1921-1935 Peace dollar set by a wide margin, and the only business-strike Philadelphia issue that is universally collected as a true key date. The second-lowest mintage in the series, the 1927, was produced in more than double the number. That disparity has ensured the 1928’s longstanding reputation as the essential stopper in a complete set. Historical commentary has also tied the issue to contemporary ceremonial use, including pieces reportedly obtained in connection with the laying of the cornerstone for the new Tammany Hall building, an intriguing footnote that adds period character to this already famous date. Because its rarity was recognized early, many 1928 dollars were saved at the time of issue, and a notable proportion of survivors remain in Uncirculated grades. Even so, collector demand has always been intense. This is a low-mintage key date by any standard, and one that enjoys enduring liquidity in the marketplace. PCGS reports a population of 2,644 examples in MS62, with 6,180 graded finer. While available in Mint State, the issue is never common in absolute terms, and its status as the leading key to the series ensures continued demand from registry participants, date-and-mint collectors, and type buyers seeking a landmark 20th-century silver dollar. A classic key-date Peace dollar with unquestioned collector importance, this 1928 PCGS MS62 is a highly desirable acquisition for any serious silver dollar cabinet.