The 1934 Maryland Tercentenary half dollar honors the 300th anniversary of the first English settlers landing in Maryland. Only 25,000 coins were made, with the first 15,000 or so selling for $1 and the remainder going for a discounted rate as they did not move very quickly at the initial issue price.

While this coin, designed by Hans Schuler, is scarcer than many other classic commemoratives, they can be found with relative ease in the marketplace. About a third of known specimens show wear, though the bulk are known in uncirculated grades between MS63-65. MS66s are scarce, and MS67s are rare. Pieces grading higher are extremely rare.