Condition Grading

When Collecting Old Lures You Will Begin to Wonder How Value & Condition is Determined. One Reference for Condition That Toad Tackle Uses is the National Fishing Lure Collector's Club (NFLCC) Standard Lure Grading System (see below, link included). 
Value is Determined Based on Condition, Rarity, Color, & Current Demand. Sometimes Value is Simply Determined On What One Collector Paid for the Piece & What the Next Person Is Willing to Pay for That Item.  

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NFLCC Standard Lure Grading System*
Numerical Scale Description / Condition
10 (NIB) New-in-box. Unused w/original box or carton
9 (M) Mint. Unused w/o box
8 (EXC) Excellent. Very little or no age cracks, very minor defects
7 (VG) Very Good. Little age cracks; some minor defects
5-6 (G) Good. Some age cracks; starting to chip, small defects
3-4 (AVG) Average. Some paint loss and/or chipping; showing age 2 (F) Fair. Major paint loss and/or defects; much chipping
1 (P) Poor. Parts missing, poor color and/or major chipping
0 (R) Repaint. Original paint covered over in all or part
* Originally obtained from "Streater's Reference Catalog of Old Fishing Lures" 1978. Conditions may be clarified by the use of (+) or (-) ratings with the regular, or by the numerical scale and adding 1⁄2 to the rating number.

**An excerpt from the NFLCC Bylaws, Standing Rules and Code of Ethics

https://nflcc.org/wp-content/uploads/2019/07/An-excerpt-from-the-NFLCC-Bylaws-2019.pdf
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