To be sure we’re talking about $20 liberty here not sure if you meant Morgan dollar well I have found a total of 2 $20 liberty gold coins 1881-S and I have been all over the internet, maybe you can point me on the right direction ?
Are you specifically asking in the context of bullion coins/tokens? For bullion, I don't care. Lowest price for the most ASW. For numismatics, I prefer 1. eye appeal; 2. technical grade; 3. value
I am actually referring to both, as I myself have allot of graded bullion coins, in raw form I don’t really care.
Yes it is especially for older bullion where you have some less graded in mint state Krugerrand’s are a good example,