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davidcyclebackSome variations might really be different cards. For example, if you had an original printing plate or uncut sheet, you might find that two variations were printed separately on the same plate. One didn't replace or update the other.
Note that the hobby does not consider the T206 Ty Cobb portrait green versus portrait red to be variations, but two different cards. Though this categorization is just a popular conceit, not some truth derived from objective analysis.