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I think Marjorie is cuter. Margery sounds like a place where you'd store your margarine. Like an old-fashioned buttery, but for fake butter.
Marjorie seems to still be used today, though it's not been popular in many decades. I think the Marge sound is a big factor in its unpopularity. Margaret is much more popular and always has been. Marjorie is generally seen as a sweet grandma type name today, like Betty.

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You're entitled to your own opinions. You're not entitled to your own facts. -- Daniel Patrick Moynihan