Henry Mancini The Music From Peter Gunn 12" Stereo Vinyl Record, 33rpm. Released on RCA Victor 1959. Record Jacket is in VG+ condition with edge, corner and ring wear, seam split on top taped. Vinyl is in VG+ condition showing light scuffs and scratches with glossy shine. Ultrasonic cleaned. 

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Vinyl Grading can be subjective. To help clarify my grading:

Mint(M)--For me, Mint is unopened. If its been opened I do not consider it MINT. 
Near Mint(NM)--For me, near mint is close to mint. It should still have a nice glossy shine and minimal light scuffs at the most, preferably nothing visible but even when you open a new record there can be paper scuffing from the inner sleeve. I also grade the vinyl, record jacket and inner sleeve separately. You might have an old record with vinyl that is NM but from years of handling and storage the record jacket might be a VG+ or VG. I don't downgrade the vinyl because there is ring wear on the record jacket.
Very Good Plus(VG+)--This is probably the most common grading and can be the most subjective. For me, VG+ grade means the record has visible minor scuffs & scratches, still glossy but not quite brand new glossy. No skips or heavy scratches and minimal surface noise. 
Very Good(VG)-- For me, a grade of Very Good means its not that good. Visible & heavier scuffs, scratches and dulling. May have surface noise but no warps or skips. 

The lower grades of Good(g) or Fair/Poor I generally do not use for individual sales. I may group together in a "Lot" of several records that are in bad condition to sell together.