Sealed: Cover Jacket is sealed in shrink wrap, disc is not inspected
NM: Near perfect with no visible signs of handling
EX : No scratches. Very few light imperfections such as sleeve scuffs that won't affect the overall sound
VG+
: May have sleeve scuffs, light marks and/or a couple of light
scratches, may have some light background noise but the record plays
well
VG : Displays a number of light marks and/or scratches. May have background noise, especially in between tracks.
VG-
: At least one mark or scratch of which can be felt with a fingernail.
Has many scratches, scuffs, and/or marks. May have background noise, pops, etc.
G: Heavy wear, marks, scratches scuffs. This record has background noise, pops, etc.
I use the following for the jackets:
NM: Near perfect with no visible signs of handling
EX:
Looks almost perfect, but may have a couple of imperfections after
closer inspection. May have a small saw cut, punch hole or a cut corner.
VG+:
Typically has a few imperfections such as slight creasing or slight
ring wear, or slight wear from storage. Very light seam wear or splits
in the spine. May have saw cut, punch hole or corner cut.
VG:
More pronounced wear than a VG+. Perhaps several scuffs, scratches on the
cover and more prominent spine wear and/or ring wear. Might have
noticeable staining, saw cut, punch hole, or cut.
VG-:
Similar to VG, but may have one or more significant flaws such as heavy
spine splitting or heavy staining, scuffing, etc. Might have saw cut,
punch hole, or corner cut.
G: Heavy wear, marks, scratches, staining, spine damage.