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I have read somewhere, maybe it was Austin who wrote it, that the barrel steel determined the grade - Stub Twist and Twist being Grade 0; Laminated Steel being Grade 1; Damascus Steel being Grade 2 and above. After all, a Parker could be ordered with any number of upgrades and options but not (to my knowledge) barrel steel. So a Grade 0 with Twist barrels ordered with extra engraving or built on a Grade 2 frame as Bill suggests was certainly possible.
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