Artificially mixed binary blends of polyethylene and hydrogenated polybutadiene are equilibrated as two liquid phases at aging temperatures T-a 140-160 degrees C. Phase separation occurs in similar to 30 s, followed by gradual coarsening of dispersed droplets during which the average particle size increases with time as (r(3)) over bar similar to Kt. The coarsening constant K is varied from 5 x 10(-8) to 1.2 x 10(-5) mu m(3)/s by changing blend components and is compared to calculated rates based on coalescence and Ostwald ripening. Quantitative agreement is obtained for all conditions, even when the two coarsening mechanisms are operating in parallel with nearly equal rates. Coalescence is favored in blends with a low-viscosity matrix, while Ostwald ripening is dominant when both solubility and diffusivity of the minority component in the matrix are large.