David Hall: The 1938-D is the most common Buffalo nickel in mint state and Gem condition by several multiples. Interestingly, this issue is somewhat scarce in circulated condition. Apparently many were saved as this was the last year of issue for the Buffalo nickel series and in the same year the Jefferson nickel began. So collectors of the day would have been very aware that this was the last year of issue and large quantities of original uncirculated rolls were saved. The strike is usually super sharp and luster can be extremely frosty. There are many spectacular Gem survivors of this issue and it is generally the "prettiest" of all Buffalo nickels.