While ten shot group averages under .7" are possible, they won't appear regularly unless the shooter, rifle, ammo and conditions are consistently very good. The trouble is that while one or more of these may occur at a time, it's not usual that all will be consistently present.
The result is that occasionally some good results appear, but they can't be counted on to appear consistently.
And it's well worth noting that three ten-shot group averages under .7" are much more likely than five ten-shot groups with the same average.
I shot the 100 yard ten-shot group results shown below with a 1973-made Anschutz that originally came to me as a 1411. I changed the factory stock to an Anschutz BR50 stock. It's not bedded, and the rifle doesn't have a tuner. (I have had no luck tuning the 69cm (27.2") long, 24mm (0.945") diameter barrel with a standard Harrel tuner.)
On the targets shown, all caliper sizes are outside edge-to-outside edge. If a .21" deduction is used to determine center-to-center size, the following targets are .693", .641", and .692".
How common were these targets? To put them in perspective, the two ammos that produced the targets below were on average not quite so good. With this rifle, the Center X lot averaged .929" over 31 ten-shot groups and the Midas .793" over 13 groups.
Clearly, while "wallet groups" or "wallet targets" are nice for reminiscing, very good results are the exception.
The first target below was shot on Sept. 13, 2021 with the best lot of Center X I've had. (.693")

The next target, my personal best to date, was shot on Sept. 19,2021. The ammo was Midas +, but even this lot had occasional fliers or shots that didn't follow others. (.641")

The target below was also shot on Sept. 19 with the same lot of Midas +. (.692")

