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As New
The book is pristine and free of any defects, in the same condition as when it was first newly published.
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A book in fine condition exhibits no flaws. A fine condition book closely approaches As New condition, but may lack the crispness of an uncirculated, unopened volume.
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Almost perfect, but not quite fine. Any defect outside of shelf-wear should be noted.
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A used book that does show some small signs of wear - but no tears - on either binding or paper. Very good items should not have writing or highlighting.
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The average used and worn book that has all pages or leaves present. ‘Good’ items often include writing and highlighting and may be ex-library. Any defects should be noted. The oft-repeated aphorism in the book collecting world is “good isn’t very good.”
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Fair
It is best to assume that a “fair” book is in rough shape but still readable.
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A book with significant wear and faults. A poor condition book can still make a good reading copy but is generally not collectible unless the item is very scarce. Any missing pages must be specifically noted.