1928-S 25C (Regular Strike)

Series: (None)

PCGS MS67+

PCGS MS67+

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PCGS MS67+

PCGS MS67+

PCGS MS67+

PCGS MS67+

PCGS #:
5770
Designer:
Hermon A. Mac Neil
Edge:
Reeded
Diameter:
24.30 millimeters
Weight:
6.30 grams
Mintage:
2,644,000
Mint:
San Francisco
Metal:
90% Silver, 10% Copper
Major Varieties

Current Auctions - PCGS Graded
Current Auctions - NGC Graded
For Sale Now at Collectors Corner - PCGS Graded
For Sale Now at Collectors Corner - NGC Graded

Rarity and Survival Estimates Learn More

Grades Survival
Estimate
Numismatic
Rarity
Relative Rarity
By Type
Relative Rarity
By Series
All Grades 13,000 R-2.9 10 / 15 TIE N/A
60 or Better 2,500 R-4.5 13 / 15 N/A
65 or Better 1,100 R-4.9 15 / 15 N/A
Survival Estimate
All Grades 13,000
60 or Better 2,500
65 or Better 1,100
Numismatic Rarity
All Grades R-2.9
60 or Better R-4.5
65 or Better R-4.9
Relative Rarity By Type All Specs in this Type
All Grades 10 / 15 TIE
60 or Better 13 / 15
65 or Better 15 / 15
Relative Rarity By Series All Specs in this Series
All Grades N/A
60 or Better N/A
65 or Better N/A

Condition Census What Is This?

Pos Grade Image Pedigree and History
1 PCGS MS67

Stack's Bowers, June 27, 2025, Lot 2119 - $2,040. Faint toning streaks across an otherwise brilliant example. Two parallel diagonal ticks across Liberty's garment near the obverse center.

1 PCGS MS67

Legend Rare Coin Auctions, September 26, 2019, Lot 243 - $2,056.25; David Lawrence Rare Coins, April 2, 2023, Lot 4270 - $2,559; "The Screaming Eagle Collection" (PCGS Set Registry). Predominantly brilliant. Wispy rose toning at Liberty's knee. Small toning spot above Liberty's right arm. Contact mark on the eagle's left wing.

1 PCGS MS67

David Lawrence Rare Coins, February 20, 2017, Lot 2115 - $1,650; Heritage Auctions, June 8, 2017, Lot 3477 - $1,292.50; Heritage Auctions, May 25, 2022, Lot 27153 - $1,020; "The Usedcatman Collection" (PCGS Set Registry). Champagne toning with flecks of russet on the reverse. 

1 PCGS MS67

Heritage Auctions, October, 3, 2016, Lot 3717 - $1,880; "The Five Generations of Eby Collection," Heritage Auctions, January 14, 2019, Lot 3290 - $2,280. Predominantly brilliant. Faint bronze toning. Rivets more defined than typically found, but still incomplete.

1 PCGS MS67

GreatCollections, June 26, 2016, Lot 370265 - $1,800. Dappled toning in pea-green and goldenrod. Bronze and aubergine coloration in the upper-right obverse field.

1 PCGS MS67

As PCGS MS67 #04920877. GreatCollections, June 30, 2013, Lot 124244 - $1,350. As PCGS MS67 #37644948. Coppery-rose patination throughout. Patches of goldenrod toning along the upper obverse periphery. Champagne gold covers the upper reverse, while pointillistic russet-bronze toning washes over the lower periphery.

1 PCGS MS67

Intense iridescent coloration in rose, green, lilac, and golden-orange. Golden-orange toning at Liberty's face and the tops of the letters RTY. Similar color palette on the reverse, with russet scattered around the eagle's wing at STATES and along the stars at the right.

1 PCGS MS67

Both sides exhibit champagne-gold patination. The obverse exhibits intense peacock-green and bronze coloration along the periphery.

1 PCGS MS67
1 PCGS MS67
1 PCGS MS67
1 PCGS MS67
#1 PCGS MS67

Stack's Bowers, June 27, 2025, Lot 2119 - $2,040. Faint toning streaks across an otherwise brilliant example. Two parallel diagonal ticks across Liberty's garment near the obverse center.

#1 PCGS MS67

Legend Rare Coin Auctions, September 26, 2019, Lot 243 - $2,056.25; David Lawrence Rare Coins, April 2, 2023, Lot 4270 - $2,559; "The Screaming Eagle Collection" (PCGS Set Registry). Predominantly brilliant. Wispy rose toning at Liberty's knee. Small toning spot above Liberty's right arm. Contact mark on the eagle's left wing.

#1 PCGS MS67

David Lawrence Rare Coins, February 20, 2017, Lot 2115 - $1,650; Heritage Auctions, June 8, 2017, Lot 3477 - $1,292.50; Heritage Auctions, May 25, 2022, Lot 27153 - $1,020; "The Usedcatman Collection" (PCGS Set Registry). Champagne toning with flecks of russet on the reverse. 

#1 PCGS MS67

Heritage Auctions, October, 3, 2016, Lot 3717 - $1,880; "The Five Generations of Eby Collection," Heritage Auctions, January 14, 2019, Lot 3290 - $2,280. Predominantly brilliant. Faint bronze toning. Rivets more defined than typically found, but still incomplete.

#1 PCGS MS67

GreatCollections, June 26, 2016, Lot 370265 - $1,800. Dappled toning in pea-green and goldenrod. Bronze and aubergine coloration in the upper-right obverse field.

#1 PCGS MS67

As PCGS MS67 #04920877. GreatCollections, June 30, 2013, Lot 124244 - $1,350. As PCGS MS67 #37644948. Coppery-rose patination throughout. Patches of goldenrod toning along the upper obverse periphery. Champagne gold covers the upper reverse, while pointillistic russet-bronze toning washes over the lower periphery.

#1 PCGS MS67

Intense iridescent coloration in rose, green, lilac, and golden-orange. Golden-orange toning at Liberty's face and the tops of the letters RTY. Similar color palette on the reverse, with russet scattered around the eagle's wing at STATES and along the stars at the right.

#1 PCGS MS67

Both sides exhibit champagne-gold patination. The obverse exhibits intense peacock-green and bronze coloration along the periphery.

#1 PCGS MS67
#1 PCGS MS67
#1 PCGS MS67
#1 PCGS MS67
Charles Morgan:

The 1928-S Standing Liberty Quarter

Despite its undeniable beauty, Hermon Atkins MacNeil’s Standing Liberty Quarter posed significant challenges for the United States Mint, leading to two major design overhauls. The first occurred in 1917, precipitated by "unauthorized" alterations to MacNeil’s original work. After MacNeil successfully lobbied Treasury Secretary William G. McAdoo, he was permitted to make extensive revisions that went well beyond his initial complaints. Gone was the partially disrobed figure of Liberty; in its place stood a completely redesigned figure protected by a coat of chain mail. The second major change followed in 1925, when the Mint recessed the date pedestal to ensure the date remained legible even after years of heavy circulation.

Production throughout the series’ three distinct periods was generally robust, excluding the rare 1916 issue (base #5704), with the notable exceptions of the 1927 branch mint releases. The 1927-D (base #5762), with a mintage of 976,000, is marginally lower than other years but not scarce enough to command a massive premium. The 1927-S (#5764), however, saw a production of only 396,000 pieces. It remains scarce-to-rare in Mint State, overshadowed only by the 1916 and the 1918/7-S overdate (base #5726).

Branch mint production recovered in 1928, even as the Philadelphia Mint saw a decline of nearly 47%. While some specialists suggest that only 5% of 1928-S Standing Liberty Quarters would qualify for Full Head (FH) status, PCGS population data indicates the survival rate is closer to 20%. Regardless of the head detail, the rivets on the shield and the feathers on the eagle are typically weak for this date.

1928-S Standling Liberty Quarter Cherrypickers' Guide Varieties

The Cherrypickers' Guide enumerates two collectible varieties for the 1928-S: the FS-501 Inverted Mintmark (base #395951) and the FS-502 Repunched Mintmark (base #395955). PCGS no longer recognizes the FS-501 due to a change in consensus regarding the status of the the "inverted S"; however, we continue to verify the FS-502 both through our Variety Attribution Program.

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