Price Guide for 1928 Half Dollar Variants

This guide presents price ranges for variants from three sources: eBay sales, third-party auctions, and PCGS guides. Values are shown for various conditions, allowing collectors to compare across different market segments. Price estimates may vary between sources, especially for rarer variants.

1928-S Half Dollar (Regular Strike)
  • 3rd Party Price
    Circulated: $17.00 – $3,300.00
    Uncirculated: $3.60 – $28,800.00
  • eBay
    Circulated: $10.50 – $1,925.00
    Uncirculated: $1,250.00 – $5,099.99
  • PCGS Price Guide
    Circulated: $20.00 – $2,350.00
    Uncirculated: $2,500.00 – $30,000.00

Design and Specifications of the 1928 Half Dollar

The 1928 Walking Liberty Half Dollar is part of a series that began in 1916 and continued until 1947. This coin represents a period of economic prosperity in the United States, just before the onset of the Great Depression. The Walking Liberty design, created by Adolph A. Weinman, is widely regarded as one of the most beautiful in American coinage history.

Weight 12.5 grams
Diameter 30.6 mm
Mint Marks S, F (no mint mark)
Composition 90% silver, 10% copper
Obverse Design Walking Liberty, designed by Adolph A. Weinman
Reverse Design Eagle with wings spread, designed by Adolph A. Weinman

Rarity Factors and Value Drivers

The condition of 1928 Walking Liberty Half Dollars significantly impacts their value. Coins in uncirculated condition (MS60 and above) are highly sought after and command substantial premiums. The rarity of high-grade specimens, particularly those in MS65 and above, makes them especially valuable to collectors.

For circulated coins, those with clear details on Liberty’s hand and leg, as well as the eagle’s feathers, are more desirable. Full Bands (FB) designation on the reverse, indicating full separation of the bands on the eagle’s legs, can significantly increase the coin’s value, especially in higher grades.

Philadelphia (no mint mark)

Mintage: 1,627,600

Rarity Scale: Scarce

Circulation Status: Moderate Circulation

Preservation Rarity: Rare in grades MS65 and above

Varieties Errors: None significant

Market Demand: High, especially for well-preserved specimens

San Francisco (S)

Mintage: 1,940,000

Rarity Scale: Scarce

Circulation Status: Moderate Circulation

Preservation Rarity: Very rare in grades MS65 and above

Varieties Errors: None significant

Market Demand: High, particularly for high-grade examples

Luster and toning can play a crucial role in a coin’s desirability and value. Coins with original mint luster are highly prized, while those with attractive, natural toning can command premiums. The strike quality is also important, with well-struck coins being more valuable.

The 1928 issue is considered scarce in all grades, making it a key date for the series. This scarcity, combined with the coin’s historical significance and the enduring popularity of the Walking Liberty design, contributes to strong demand among collectors and investors alike.

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