The 1928 Quarter Eagle is very similar in rarity to the 1927. It is another issue that can be located with no real difficulty in any grade up to Mint State-64. Gems are harder to find than the 1926 and the 1927 issues, but are much more available than the very underrated 1929.

The 1928 Indian Head quarter eagles are slightly scarcer than the 1927 issue. These are generally available in grades up to and including MS-65. A review of the PCGS Population Report and the NGC Census will confirm that the 1928 quarter eagle is available in sufficient quantities for most collectors to obtain an example. Striking quality varies, but generally these coins are sharply struck and frosty, although a few examples show peripheral striking weakness. The 1928 issue is decidedly more common than the final year of issue, despite the higher mintage of the 1929 quarter eagle. This issue was struck during the heyday of the Roaring '20s, which in retrospect was drawing quickly to an abrupt finale.

STRIKE: The 1928 is not usually seen with as good a strike as the 1926 and 1927 Quarter Eagles. Many pieces show centralized weakness on both the obverse and the reverse and it is not uncommon to find coins that exhibit noticeable die swelling at the borders. Some 1928 Quarter Eagles exist with sharp, even strikes and advanced collectors consider these more desirable than typical weakly struck coins.