Released as part of the Spring/Summer 2020 Collection, the Supreme $1M Metallic Box Logo New Era Black 5-paneled cap is made with black wool materials and features the Supreme logo sewn onto the front of the accessory in a black box rather than the traditional red color, with the lettering for the brand taking on a metallic sheen over the usual white one. From there, "2020" is embroidered onto the right side of the cap, with the graphics "$1M" and "World Famous" printed on the back. The New Era brand logo adorns the left side to complete the design.

The Supreme $1M Metallic Box Logo New Era Black released in February of 2020 and retailed for $48.