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<p>[QUOTE=&quot;Owle, post: 1350824, member: 22004&quot;]On this topic, I would comment on $20 Liberties and the population figures over the last 20 years or so.&nbsp; If you looked at the changing population of rare dates from Philadelphia issues, and the &quot;O&quot;, &quot;CC&quot; branch mints, would you see a trend either in laxity or strictness?&nbsp; I don&#039;t think so.&nbsp; When a coin is worth over $2500, the grading services get more strict across the board in my experience.&nbsp; With common date $20 Libs in MS63 and MS64, they do not agonize over increasing those pop figures.&nbsp; They do with MS65 and 66s but there are more than a few that would not be &quot;gem&quot; in my opinion.&nbsp; Review Heritage Auction records on 1900, 1904 and 1904s on &quot;gem&quot; coins and you will see a huge variation in that category.&nbsp; IMO PCGS has always graded on overall aesthetic quality, while NGC does more technical grading.&nbsp; They have had slack periods, but so has PCGS.[/QUOTE]</p><p><br /></p>

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