We use the Record Collector's grading system as follows:

Mint : The record itself is in brand new condition with no surface marks or deterioration in sound quality.
The cover and extra items such as the lyric sheet booklet or poster are in perfect condition.

NEAR MINT : The record itself is almost brand new condition ,it may or may not have been played but shows very few , if any , light surface marks and has no deterioration to sound quality. The cover and extra items might have light wear or very mild creasing

EX :(Excellent) The record shows some signs of having been played but there is very little , if any, lessening in sound quality.
The cover and packaging might have slight wear or creasing

VG(Very Good): The record has obviously been played many times but displays no major deterioration in sound quality despite noticeable surface marks and the occasional light scratch. Normal wear and tear on the cover or extra items, without any major defects, is acceptable

GOOD: The record has been played so much that the sound quality has noticeably deteriorated, perhaps with some distortion and mild scratches. The cover suffers from folding, spine splits, discoloration, etc.

+ and - added to the grade will indicate where a record falls slightly short of the higher grade ...