Coin Specifications

Category: Standing Liberty Quarters (1916-1930)
Mint: San Francisco
Mintage: 2,644,000
Obverse Designer: Hermon A. MacNeil
Reverse Designer: Hermon A. MacNeil
Composition: Silver
Fineness: 0.9000
Weight: 6.2500g
ASW: 0.1808oz
Melt Value: $5.07 (6/12/2021)
Diameter: 24.3mm
Edge: Reeded
Link to this coin

1928 S 25C MS obverse 1928 S 25C MS reverse
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Description & Analysis

Production of quarter dollars at the San Francisco Mint returned to a normal level in 1928, after the drastic dip of the previous year. It's evident that several rolls of 1928-S must have survived as late as the 1960s or '70s, as this issue is rather plentiful in Mint State. Gems are quite common, though nearly all of these have mediocre strikes. An overall weakness at the centers is typical, and Full Head specimens are scarce, though not truly rare. As with 1928-D, the scarcity of XF and AU examples has not resulted in high prices for the simple reason that MS coins are so available.

The Small S mintmark typical of San Francisco coins made from 1917 through 1941 is slightly more scarce than the Large S also used in 1928 alone for several denominations. Jay Cline seems to have overstated the rarity of the Small S, and neither variety carries a premium. The Large S is of a style used 30-40 years earlier, and why it was applied to several dies in 1928 is unknown. The Large S dies were used in the second half of the year, and the greater availability of this variety suggests that most 1928-S quarters were likewise coined late in the year. For all other denominations the Small S is more common, and no nickels are known with the Large S.

NGC will attribute these mintmark varieties under its VarietyPlus Service, and one of the Large S dies features a repunched mintmark.

GRADE SUMMARY

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Price Guide

Last Updated: 12/5/2019

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

1928 S 25C MS
  GVGFVFXF505355586061626364656667686970
Base $ 8.50 12.00 15.00 22.00 50.00 85.00 90.00 95.00 125 150 165 195 250 315 400 645 2900 - - -
$ - - - - 135 - - 220 280 350 575 800 3500 -
1928 S 25C MS FH
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - 90.00 100 110 150 175 220 325 425 675 1300 1600 7000 37500 - -
$ - - - - - - - - - 750 1400 3000 22500 -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 1548
Low Grade: PrAg
Average Grade: 63
High Grade: 68

The chart showing PrAg series, G series, VG series, F series, 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, 68 series.
NGC CENSUS DETAIL Last Updated: 6/8/2021 1928 S 25C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base411102027102210173860-14459127130314628---1127
-----------------11---2
--------------212414---50
-----------------------
Total411102027102210173860-14459327230518833---1179
 0%1%1%2%2%1%2%1%1%3%5%-1%4%8%23%26%16%3%--- 
1928 S 25C MS FH
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------8-4134181113117395--421
------------------2---2
---------------2-48---14
-----------------------
Total----------8-4134183113121495--437
 ----------2%-1%3%9%19%26%28%11%1%-- 

NGC Registry

NGC Registry Score 1928 S 25C MS FH
 PrAgGVGFVF4045505355586061626364656667686970
Base32375467982202753363663955025636848821103133319692368443186441493116016
3443587713923829534637643152260375095611801545210230565835107401529316817
000000295346376431522603750956118015452102305658351074000
0000003163563854665436448161029125617572235374372401283500
1928 S 25C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base2832505989201255320336351437502539609725847105914162960479352645770
29385369126219277325341380459514562648766918117819313571495054336059
000000277325341380459514562648766918117819313571495000
000000298331346408480527586686806988129724454182510700
Registry Image Gallery
Grade: MS 67 FH
Points: 4431
Owner: JMWorlock
 
Grade: MS 67
Points: 3754
Owner: Tony Littlejohn
 
View the Registry Image Gallery

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9/1/2003 — "Cherrypicking" is the term applied by collectors to the hunt for scarce and rare coins that can be purchased at the price of common items. My favorite cherrypick has long been the Large S mintmark varieties unique to 1928.
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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.