As previously mentioned high-grade examples of the 1922 No D, Strong Reverse Lincoln Cent are very rare. This is especially the case with examples graded as original Mint red. The finest known by PCGS is a single MS-64RD, while the only other RD is graded MS-63RD. The finest graded at NGC with the red designation is a single MS-65RD example. These all appear to be locked up in specialized collections, making Red-Brown examples often the highest available on the market. The finest with that designation at PCGS are two MS-65RB examples, while NGC has only graded a single MS-64RB example as the finest known. Examples in uncirculated condition with the Brown designation are slightly more available, but remain rare, with the finest at PCGS being five MS-65BN pieces, with NGC having graded only a single piece in MS-64BN.
It should not come as a surprise that offerings at public auctions of uncirculated examples of the 1922, No D, strong reverse are rare, and prices are high. The absolute record at public auction was for an NGC MS-64RB, sold in January 2008, for an amazing $92,000. Other pieces in similar grades have been sold for slightly lower amounts, and uncirculated examples of this rare variety usually cannot be found for less than $20,000. Circulated examples are much, much more available and affordable, although they remain rare and highly popular, with average prices for specimens certified in Extremely-Fine condition is approximately $2,500, with the amount gradually being lower for lower grades.
The so-called “Weak D”, or “Weak Reverse” specimens carry lower values, often trading for similar amounts as regular 1922-D Lincoln Cents, or only slightly higher. They are also slightly more available in high-grade, although less examples have been certified by the major grading services in all grades. It must be noted that both PCGS and NGC recognize the different die pairs, although priced similar, and also note whether it has a weak D or weak reverse. In reality, however, these are two die markers that are often both discernible on surviving specimens.