David Hall: The 1934 is easy to obtain in circulated grades, as all all non-variety 1934 to 1928 Buffalo nickels. In mint state condition, the 1934 is much rarer than the other Philadelphia Mint isues of the 1930s. It's rarity is more like the P Mints of the 1920s. Gems are available and they are usually very well struck with the deep frosty type luster.
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