1928-S Peace Dollar Valued at $13,200: What is a Die Break or Error on a Coin?

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

A 1928-S Peace Dollar in MS65 was recently sold at auction for an impressive $13,200. This particular Peace Dollar is highly sought after by collectors due to its rarity in Gem or better grades.

Only a few dozen coins have been certified in MS65 by PCGS, making this coin a significant addition to any collection. Its rarity is matched only by the 1925-S Peace Dollar.

The 1928-S Peace Dollar in MS65 boasts luminous and frosty surfaces that are predominantly brilliant.

There are 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.

Coin Details:

Mint: San Francisco

Denomination: Dollar

Year: 1928

Variety: Peace Dollar

Grade: MS65

PCGS Price Guide Value: $13,200

Here are the coin's details:

SHE'S RARE

According to PCGS, there are currently 77 examples of the 1928-S Peace Dollar graded MS65, with an additional four coins graded MS65+ and only one coin graded finer as of March 2024.

The coin 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 Professional Coin Grading Service (PCGS) is crucial 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 for its rarity and 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.