Jaime Hernandez:
The 1942-D over Horizontal D Jefferson Nickel is a result of a Mint employee punching the mint mark in the wrong position on the working die. Up until late in 1989, the Mint employee would hand punch the mint mark on to the working die, and this would often result with the mint mark being struck the wrong way.
This variety is relatively strong and visible with the naked eye. It is also very popular amongst Jefferson Nickel collectors. The variety is considered quite scarce, with possibly less than a few hundred examples known. In Uncirculated condition, it becomes very scarce with probably less than 100 examples known.