With its relatively small mintage of 4,450,000 pieces, the 1925-D Buffalo nickel is scarce across all grades. It is especially tough in grades of XF or higher, and in Gem it is a considerably rare coin. PCGS and NGC have collectively graded only a handful of specimens in MS66, and NGC has certified only 1 in MS67 as of summer 2019. Die issues caused all 1925 nickels, to include this Denver-minted specimen, to have a relatively soft overall appearance.