1928 Peace $1 NGC MS65 CAC

The 1928 Peace Dollar is one of the most important key dates in the entire Peace Dollar series, and this NGC MS65 CAC example represents an elite preservation of this sought-after issue. With a mintage of just 360,649 pieces, the 1928 dollar holds the lowest business strike production figure of any date in the series. Certified Gem Mint State 65 by NGC and approved by CAC, this coin combines rarity, superb eye appeal, and strong investment potential for serious collectors.

The Peace Dollar series was introduced in 1921 to commemorate the restoration of peace following World War I. Designed by Anthony de Francisci, the coin features a striking portrait of Liberty on the obverse, modeled after the artist’s wife, Teresa de Francisci. Liberty’s youthful profile is crowned with radiant spikes, a design inspired by the Statue of Liberty and symbolic of freedom and optimism. The reverse presents a perched bald eagle clutching an olive branch, gazing toward the horizon as the sun rises in the background, representing a hopeful future for the nation.

In 1928, the Philadelphia Mint struck only 360,649 Peace Dollars, an unusually low figure due to reduced silver dollar demand and changes in silver certificate redemption requirements. Many of these coins entered circulation, where they quickly accumulated wear. As a result, well-preserved Mint State examples are much scarcer than the mintage alone might suggest. In Gem condition, they are truly elusive, and among the most challenging Peace Dollars to acquire.

This NGC MS65 CAC example displays satiny white luster across its broad surfaces, with a soft, even glow that enhances the coin’s visual appeal. Both obverse and reverse are sharply struck, with Liberty’s hair details and the eagle’s feathers rendered with crisp definition. Minimal marks are confined to the most insignificant areas and do not detract from the overall beauty. The CAC sticker affirms that this coin meets the highest standards within its grade, offering an extra layer of assurance for quality-conscious buyers.

Owning a 1928 Peace Dollar in Gem Mint State is more than a matter of filling a slot in a collection. It is a statement piece that signals a collector’s commitment to acquiring only the finest examples of key date issues. This coin has crossover appeal, attracting both Peace Dollar specialists and those building sets of 20th-century type coins. It also holds strong potential for long-term appreciation, given its combination of historical importance, low mintage, and high-grade certification.

The Peace Dollar remains one of the most iconic American coin designs, and the 1928 issue occupies a special place within that legacy. Struck during a period of economic stability before the onset of the Great Depression, it represents a moment in U.S. history when the nation was still enjoying postwar prosperity. Today, the coin serves as both a tangible link to that era and a prime example of early 20th-century U.S. Mint artistry.

This 1928 Peace Dollar NGC MS65 CAC is a top-quality specimen of the series’ most desirable business strike date. It offers everything collectors seek: rarity, beauty, historical context, and third-party confirmation of grade and quality. Such coins are not only prized for their aesthetic and numismatic qualities but also for their scarcity in the marketplace. For the advanced collector, adding this Gem 1928 Peace Dollar to a set is both an achievement and an investment in a piece of American history that will remain in demand for generations to come.