New: Still in sealed OEM packaging Excellent: No wear or damage evident Good: Wear and minor damage (dings, deeper scratches) that are representative of its age Fair: Significant dents, bent, pitting on blades, loose handles Poor: Disposal damage, significant dents, bent, pitting on blades, loose handles Scrap: Caveats: Please add information about the existence of monograms, evidence of over-polishing, or bleached silver using chemicals (like Tarnax or baking soda).