The 1920-D Buffalo nickel is a scarce issue in all grades, with even circulated examples above Fine to Very Fine proving difficult to locate. In uncirculated and especially Gem levels, the 1920-D Buffalo nickel is actually rarer than most other Denver-mint issues in the series. All told, 9,418,000 examples were struck and fewer than 5,000 remain, with less than 100 in MS65 or above. Fewer than a dozen examples are certified by PCGS and NGC as MS66, and only one is presently slabbed by NGC as an MS67. All of the MS66s take five-figure prices, many of them getting run up high in auction scenarios when two or more Buffalo nickel registry set collectors are bidding on the same piece.