Record Grading Chart

Mint (M)

 Absolutely perfect in every way. Never been played and usually sealed.

Near Mint (NM) The record has been on a shelf between other records. The vinyl looks glossy and clearly has only been played a few times. There are no marks on the vinyl and the whole package is complete.
Excellent (E) Has some very light marks where the vinyl has been in and out of the inner sleeve a few times, or tiny signs of use generally.
Very Good Plus (VG+) A few further faults are acceptable, but nothing that really compromises the record visually or audibly. A little rub, light inaudible marks, a little background crackle.
Very Good (VG)  It’s seen a bit of life, but is still usable. Light pops and clicks, an edge split, light visible scratches. You can still listen to it and enjoy looking at it, but it is visually and audibly USED.
Good (G) A record in Good condition will have significant surface noise, scratches, and visible groove wear. While the record will be playable without skipping, noticeable surface noise and "ticks" will almost certainly accompany the playback.  
Poor (P), Fair (F) 

Poor (P), Fair (F) Attempting to listen will be a disturbing experience. Expect major noise issues, skipping or repeating. The record itself is cracked, badly warped and has deep scratches. The cover is also approaching death. 

Records in Fair to Poor condition are sold "as-is". No returns accepted.