The value of a 1928 Peace dollar, a silver coin minted by the United States, is subject to fluctuations based on several key elements. These elements encompass its condition, the presence of any mint marks, and prevailing market demand. Coins in superior condition, exhibiting minimal wear and retaining original luster, typically command higher prices. Mint marks, indicating the location of the mint where the coin was produced, can significantly impact the assessed monetary amount. For instance, a 1928-S Peace dollar, produced at the San Francisco Mint, may possess a different value than a 1928 Peace dollar without a mint mark, produced in Philadelphia.
Assessing the coin’s fiscal importance requires an understanding of its historical context and numismatic significance. The Peace dollar, introduced to commemorate the end of World War I, holds a special place in American coinage history. Its silver content contributes to its intrinsic value, which rises and falls with the price of silver on the commodities market. This inherent worth offers a degree of protection against complete devaluation. Furthermore, the coins scarcity and collector demand contribute to its worth. The benefits of ownership extend beyond mere monetary gain; it provides a tangible connection to a specific period in history, offering an educational and potentially rewarding experience for collectors.
