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It is the faces, which is a bundle of wooden rods with an axe in it. It is a symbol from ancient Rome which symbolized power along with authority. Ironically, this symbol was used by the fascist movement which was sweeping Europe at that time, so while the US had it on their dime, they were fighting dictators which had embraced it as a symbol.

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Q: What symbol is on the back of a 1942 dime?
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