Coin Specifications

Category: Silver Commemoratives (1892-1954)
Mint: Philadelphia
Mintage: 10,000
Obverse Designer: Juliette May Fraser & Chester Beach
Reverse Designer: Juliette May Fraser & Chester Beach
Composition: Silver
Fineness: 0.9000
Weight: 12.5000g
ASW: 0.3617oz
Melt Value: $6.37 (10/20/2019)
Diameter: 30.6mm
Edge: Reeded
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1928 HAWAII 50C MS obverse 1928 HAWAII 50C MS reverse
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Description & Analysis

The Hawaiian Islands were untouched by western civilization until Captain James Cook chanced upon the island chain in 1778 during a voyage across the Pacific. In honor of the 150th anniversary of Cook’s discovery of the islands, the people of Hawaii sought a commemorative coin which would help raise revenue to form a collection of Cook memorabilia in the then-territory’s archive. Legislation authorizing the minting of up 10,000 pieces was approved on March 7th, 1928.

Before the bill even passed, designs had already been submitted to the Fine Arts Commission by Juliette May Fraser, a well-known artist from Honolulu. The coin was modeled from her designs by sculptor Chester Beach. Their obverse features a left-facing bust of Cook. To Cook's left are the words CAPT. JAMES COOK DISCOVERER OF HAWAII, along with a tiny compass pointing north, signifying that he was looking due west toward the mid-Pacific region. Two statutory inscriptions, UNITED STATES OF AMERICA and IN GOD WE TRUST, appear at the top and right-hand side, respectively. The value HALF DOLLAR hugs the lower rim, with eight small pyramids—four on each side—representing Hawaii's eight largest volcanic islands.

The coin's reverse depicts a native warrior chief attaining the top of a hill, a metaphor for Hawaii's rise from obscurity. He is clad in a feather cloak and holds a barbed spear. His hand is extended in welcome, showing that his intentions are peaceful. A coconut tree behind him denotes romance, while the landscape in the distance represents part of Waikiki Beach, with Diamond Head looking down on a row of grass huts. The motto E PLURIBUS UNUM is at the lower left, and the dual dates 1778-1928 are along the base, again in wavy characters symbolic of the sea.

The coins were scarce from the beginning, and even with a record-high issue price of $2 each, buyers eagerly snapped up the entire mintage. Plans to sell half the coins to buyers in Hawaii and half on the mainland were dashed when most of the coins were purchased by Hawaiians. With a beautiful design and very limited mintage for the type, the Hawaiian commemorative half dollars are on of the most expensive coins of the series across all grades.


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Price Guide

Last Updated: 7/1/2019

Click on a price to see historical prices, comparison charts and trends.

1928 HAWAII 50C MS
Base $ - - 650 925 1380 1550 1650 1700 2100 2200 2250 2300 2450 2950 3750 7250 40500 - - -
$ 1450 - - 1900 2125 - - - 2600 3350 4500 10250 60000 -

NGC Price and Value Guides Disclaimer



Total Graded: 1688
Low Grade: VF
Average Grade: 63
High Grade: 67

The chart showing VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 10/8/2019 1928 HAWAII 50C MS
 ----0 %-0 %0 %0 %1 %1 %0 %1 %9 %18 %43 %21 %4 %0 %--- 

Auction Prices Realized

A random selection of coins is shown below.

Auction House
Sale / Lot
11/7/2003 PCGS MS 62   Heritage Auctions 2003 November Signature Sale #334, 334/Lot# 9141 $1,495.00
3/28/2005 PCGS MS 65   Teletrade Auction 2019, 2019/Lot# 1669 $5,940.00
5/30/2010 PCGS Genuine Genuine   Bonhams Coins, Medals, and Banknotes, 18301/Lot# 1616 $1,287.00
9/4/2011 NGC MS 64   Goldberg September 4-6, 2011 The Pre-Long Beach Auction, 65/Lot# 1679 $2,875.00
3/24/2013 PCGS MS 65   David Lawrence Rare Coins Internet Auction # 744, 753/Lot# 1049 $4,800.00
12/22/2013 PCGS MS 65   GreatCollections GreatCollections Coin Auctions 12/22/2013, 106/Lot# 147884 $4,000.00
1/8/2014 NGC MS 62   Heritage Auctions 2014 January 8 - 12 FUN US Coin Signature Auction - Orlando Session(4), 1201/Lot# 6168 $1,997.50
6/27/2014 PCGS MS 65   Stack's Bowers June 2014 Baltimore, 6021/Lot# 2365 $3,965.63
7/25/2014 PCGS MS 65   Stack's Bowers iAuction 3492, 6043/Lot# 22613 $3,877.50
8/8/2014 PCGS MS 66   Stack's Bowers August 2014 Chicago ANA, 6014/Lot# 3348 $6,099.43
7/7/2016 PCGS MS 64   Heritage Auctions 2016 July 7 - 10 Summer FUN US Coins Signature Auction - Orlando Summer FUN Session(3), 1237/Lot# 4299 $2,467.50

NGC Registry

NGC Registry Score 1928 50C MS HAWAII
Registry Image Gallery
Grade: MS 66
Points: 5817
Owner: Chippewa
Grade: MS 65
Points: 4048
Owner: Alex J. Llorente
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