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<p>[QUOTE=&quot;ToughCOINS, post: 13253238, member: 20480&quot;]I’m speculating here, so take this with a grain of salt.</p><p><br /></p><p>I imagine that NGC is already familiar with other medals produced by the same engraver, and presumes the initial quality of this medal (strike, luster, surface quality) to be comparable with same for others.&nbsp; This would provide a baseline from which to establish a grading standard, not unlike grading the one-off 1870-S half dime, based on the attributes of half dimes of other dates.</p><p><br /></p><p>As for the MS designation, I can’t help with that.[/QUOTE]</p><p><br /></p>

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