1934-D 25C Heavy Motto MS66+ Certification #81287378, PCGS #85796

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Charles Morgan

The 1934-D Washington Quarter

When the Washington Quarter  debuted in 1932, the United States was gripped by the Great Depression. The demand for new coinage had plummeted, which explains why no Standing Liberty Quarters were issued in 1931. In 1932, the need for the new design was so limited in Denver and San Francisco that those two issues became the series keys. Meanwhile, the Philadelphia Mint struck and retained such a large surplus that further production was deemed unnecessary for 1933.

When production resumed in 1934, the Mint’s engraving department utilized dies created from multiple hubs while refining design adjustments to strengthen the motto, "IN GOD WE TRUST." The Philadelphia Mint produced three distinct varieties:

  • Light Motto: Identical to the 1932 type.
  • Medium Motto: Features sharper detail while maintaining the original size.
  • Heavy Motto: Characterized by thick, bold lettering.

The Denver Mint utilized only the Medium and Heavy Motto hubs for the 1934-D; no Light Motto examples are known for this mintmark.

Denver's output of 3,527,200 coins marked its highest quarter production since the 1920-D Standing Liberty Quarter (Base #5736). Production likely spanned from the summer through the end of the year, as evidenced by the use of both motto types. Of the two, the Heavy Motto is the scarcer variety and commands a market premium. Despite the relatively high mintage, economic pressures from the Great Depression forced nearly the entire issue into immediate circulation, and only a modest number of specimens were preserved in high grade by collectors. Consequently, the 1934-D remains a scarce pre-WWII Washington Quarter, particularly in high grades.

Differentiating the 1934-D Medium and Heavy Motto Washington Quarters

While the thin lettering of the original 1932 design is easily identifiable, collectors often find the distinctions between the Medium and Heavy Mottos more subtle.

Essentially, the Medium Motto is noticeably bolder than the 1932 "Light Motto" but lacks the significant thickness of the Heavy Motto. Beyond overall weight, there are specific pick-up points within the lettering:

The Medium Motto

  • Level Tops: Aside from the curved G and S, the tops of all letters are flat and occupy the same horizontal plane.
  • Sharp Terminations: The serif of the G and the right leg of the R terminate at sharp points.
  • Asymmetry: The top of the S is shorter than its base. Additionally, the arms of the letters are uneven: the left arm of the first T in "TRUST" is longer than the right, while the second T has a shorter left arm.
  • The W: The center peak of the W in "WE" is shorter than the two outside legs.

The Heavy Motto

  • The "N": The top-left serif of the N in "IN" terminates at a sharp, upward angle.
  • The "G": The vertical serif at the base of the G is blunted and thick.
  • The "W": A key diagnostic; the center peak of the W extends higher than the flat tops of the left and right legs.
  • Symmetry: The S in "TRUST" appears more symmetrical than on the Medium Motto.
  • The "T"s: The first T in "TRUST" features shorter, more centered arms compared to the second T.

 

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PCGS #
85796
Designer
John Flanagan
Edge
Reeded
Diameter
24.30 millimeters
Weight
6.30 grams
Mintage
3527200
Metal
90% Silver, 10% Copper
Pop Higher
9
Pop Lower
809
Region
The United States of America
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates Learn More

Grades
65 or Better 53000 R-2.4 9 / 93 9 / 93
All Grades 4500 R-4.1 9 / 93 9 / 93
60 or Better 500 R-6.0 6 / 93 TIE 6 / 93 TIE
65 or Better 53000
All Grades 4500
60 or Better 500
65 or Better R-2.4
All Grades R-4.1
60 or Better R-6.0
65 or Better 9 / 93
All Grades 9 / 93
60 or Better 6 / 93 TIE
65 or Better 9 / 93
All Grades 9 / 93
60 or Better 6 / 93 TIE

Condition Census Learn More

Pos Grade Thumbnail Pedigree and History
1 PCGS MS67+ PCGS MS67+

As PCGS MS67 #37717625. “The Washington Rainbows Collection, the #1 PCGS Registry Set of Silver Washington Quarters, 1932-1964,” Stack’s Bowers, March 25, 2021, Lot 2278 – $11,400. As PCGS MS67 #42800462. Stack’s Gowers, November 22, 2021, Lot 1345 – $12,000. As PCGS MS67+ #47423324. Stack’s Bowers, March 26, 2024, Lot 4103 – $20,400; "The digger69 Collection" (PCGS Set Registry). Heavy Motto. Intensely toned in green, gold, magenta, and blue.

2 PCGS MS67 PCGS MS67

As PCGS MS66+ #81287395. GreatCollections, October 26, 2025, Lot 1955624 - $1,812.38. As PCGS MS67 #55913848. Heavy Motto. Iridescent gold and green toning with aubergine and gold accents. "Untoned" spot near the obverse rim at 10 o'clock.

2 PCGS MS67 PCGS MS67

Heritage Auctions, August 31, 2025, Lot 3851 - $8,700. Heavy Motto. Muted rainbow color. A horizontal die crack spans the upper obverse through Washington's hair.

2 PCGS MS67 PCGS MS67

GreatCollections, January 5, 2025, Lot 1731178 - $6,468.75; GreatCollections, May 4, 2025, Lot 1739353 - $5,301Heavy Motto. All-over gold and peacock-green toning featuring splashes of blue and purple. The peacock-green toning covers the date, while blue and purple tones saturate "QUARTER DOLLAR."

2 PCGS MS67 PCGS MS67

Heritage Auctions, February 9, 2023, Lot 3740 – $10,200; Dr. John O. Phillips; "The Brodie Collection" (PCGS Set Registry). Heavy Motto. Intense blood-orange crescent toning along the right side of the obverse.

PCGS MS67+ #1 PCGS MS67+

As PCGS MS67 #37717625. “The Washington Rainbows Collection, the #1 PCGS Registry Set of Silver Washington Quarters, 1932-1964,” Stack’s Bowers, March 25, 2021, Lot 2278 – $11,400. As PCGS MS67 #42800462. Stack’s Gowers, November 22, 2021, Lot 1345 – $12,000. As PCGS MS67+ #47423324. Stack’s Bowers, March 26, 2024, Lot 4103 – $20,400; "The digger69 Collection" (PCGS Set Registry). Heavy Motto. Intensely toned in green, gold, magenta, and blue.

PCGS MS67 #2 PCGS MS67

As PCGS MS66+ #81287395. GreatCollections, October 26, 2025, Lot 1955624 - $1,812.38. As PCGS MS67 #55913848. Heavy Motto. Iridescent gold and green toning with aubergine and gold accents. "Untoned" spot near the obverse rim at 10 o'clock.

PCGS MS67 #2 PCGS MS67

Heritage Auctions, August 31, 2025, Lot 3851 - $8,700. Heavy Motto. Muted rainbow color. A horizontal die crack spans the upper obverse through Washington's hair.

PCGS MS67 #2 PCGS MS67

GreatCollections, January 5, 2025, Lot 1731178 - $6,468.75; GreatCollections, May 4, 2025, Lot 1739353 - $5,301Heavy Motto. All-over gold and peacock-green toning featuring splashes of blue and purple. The peacock-green toning covers the date, while blue and purple tones saturate "QUARTER DOLLAR."

PCGS MS67 #2 PCGS MS67

Heritage Auctions, February 9, 2023, Lot 3740 – $10,200; Dr. John O. Phillips; "The Brodie Collection" (PCGS Set Registry). Heavy Motto. Intense blood-orange crescent toning along the right side of the obverse.