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Question about PR70 grade.

Awhile back I purchased a gold panda slabbed as pcgs PR70. When I recieved it i found a small nick on the obverse rim. It was rather distracting so i sent it back and they sent me another one. The new one was flawless. What are the grading standards for PR70? I always thought if I bought a 70 it was supposed to be perfect. Sometimes Ill be looking at PR70 buffalos for sale on ebay and occationally youll see one with a mark on the rim... What gives?

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