David Hall: The 1927-D is semi-common in lower circulated grades, but scarce in grades VF20 and above. It is scarce in mint state grades thru MS64, then it is very rare in MS65 or better. In fact, in Gem condition it is tied for rarest of the Buffalo nickels with the 1920-D and 1919-D. The 1927-D is often faairly well struck. Luster is usually subdued and more brilliant than frosty. In Gem condition, this is definitely a key date.