David Hall: In circulated grades, the 1916-D is about of equal rarity as the 1916, even though the mintage is almost twice as many coins. Both coins are much rarer, or at least sell for more, than all but a few of the dates that follow. In Gem condition, the 1916-D is slightly rarer than the 1916. Most mint state examples are well struck. Luster is the "satiny look" often seen on the earlier date Walkers.