As of NuGet 2.8, there is a feature to downgrade a package.
Example:
The following command entered into the Package Manager Console will downgrade the Couchbase client to version 1.3.1.0.
Update-Package CouchbaseNetClient -Version 1.3.1.0
Result:
Updating 'CouchbaseNetClient' from version '1.3.3' to '1.3.1.0' in project [project name].
Removing 'CouchbaseNetClient 1.3.3' from [project name].
Successfully removed 'CouchbaseNetClient 1.3.3' from [project name].
Something to note as per crimbo below:
This approach doesn't work for downgrading from one prerelease version to other prerelease version - it only works for downgrading to a release version