1928-S Peace Dollar

The 1928-S Peace dollar has an unusual history that has made it a very sought after coin, but that wasn’t always the case. In fact it was at one time considered just a very cheap version of its Philadelphia counterpart due the comparatively high mintage and poor strike. As was often common with the Peace dollars with a San Francisco mint mark the reverse was poorly stuck, especially in the middle. Bag marks are very common too, but the rarity of this coin in higher grades make it all the more sought after for a quality Peace dollar collection.

History of the 1928-S Peace Dollar

As with many Peace dollars, it wasn’t until the late 1930s and early 1940s that the 1928-S Peace silver dollar was released into circulation in large numbers. Bags continued to be released up until 1950, and many were sent through banks and casinos to be circulated around the West.

It wasn’t until the 1970s, with the rise of the 1928 Philadelphia version becoming one of the most sought after Peace dollar coins, that dealers began to take notice of the 1928-S Peace dollar. Sadly, it was all for the wrong reasons, as many dealers began to shave off the ‘S’ Peace dollar mint mark to sell it as the low mintage Philadelphia minted coin.