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The Certified Peace Silver Dollar of 1928, graded MS61 by ANACS, is a testament to the artistry and history embedded within American coinage. This particular coin, from the Peace Dollar series, reflects a pivotal moment in both numismatic and world history, marrying the artistic aspirations of the early 20th century with the nation's desire for peace after the tumultuous period of World War I. The Peace Dollar itself was minted in the United States from 1921 to 1928, and then again in 1934 and 1935, as a symbol of the peace the country sought following the war's end. The 1928 edition, especially from the Philadelphia Mint, stands out due to its significantly lower mintage compared to other years, making it one of the most sought-after coins by collectors.
Delving into the history of the coin's country, the United States was undergoing a period of transition and optimism in the 1920s. Following the end of World War I, there was a strong public sentiment towards peace and a hope for an end to all wars, which was a driving force behind the creation of the Peace Dollar. This era, known as the Roaring Twenties, was marked by significant economic growth, cultural flourishing, and technological innovation. The Peace Dollar symbolizes not only the nation's aspirations for peace but also its prosperity and progress during this dynamic decade. The coin's issuance was partly due to the Pittman Act of 1918, which required the minting of millions of silver dollars to stabilize the silver market and replace the coins melted down and sold to Great Britain during the war.
The design of the Peace Silver Dollar is a significant departure from previous coinage, embodying a modernist aesthetic that reflected the era's artistic movements. The obverse features a striking portrait of Lady Liberty, modeled after Teresa de Francisci, the wife of the coin's designer, Antonio de Francisci. Her profile is crowned with rays of light, symbolizing enlightenment and peace. The reverse depicts an eagle at rest, clutching an olive branch, with the word "PEACE" inscribed at the bottom, directly conveying the coin's underlying message. This design was a clear departure from the more militaristic imagery of earlier coins, opting instead for symbols of peace and prosperity.
The minting of the Peace Dollar occurred predominantly in Philadelphia, Denver, and San Francisco mints. However, the 1928 Peace Dollar from the Philadelphia Mint is particularly notable for its low mintage, with only 360,649 pieces produced. This scarcity has made the 1928 Peace Dollar one of the series' key dates, highly coveted by collectors and enthusiasts. The coin's denomination, one dollar, signifies its intended role as a circulating medium of exchange, though its value to collectors far exceeds its face value due to its rarity and historical significance.
The condition of the 1928 Peace Silver Dollar, as graded MS61 by ANACS (American Numismatic Association Certification Service), indicates that the coin is in "Mint State" but with slight imperfections. This grading suggests that while the coin has no traces of wear from circulation, it may exhibit some marks or features that preclude a higher grade. This particular state of preservation allows collectors to own a piece of American history that remains in relatively pristine condition, capturing the spirit of an era that valued peace and prosperity above all.