David Hall: In circulated grades, the 1920 is about as rare as the other 1914 to 1924 era Philadelphia Mint Buffalo nickels. In uncirculated and Gem uncirculated condition, it is rarer than the 1914-1919 P Mints, with the exception of the rarer 1918. It is slightly rarer than the 1921 in Gem condition. Most 1920s are fairly well struck. Luster is more frosty than satiny.