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What are those “gradings” (VG, EX, M etc.) often stated in dealers ads?

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What are those “gradings” (VG, EX, M etc.) often stated in dealers ads?

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The use of gradings is common practice for dealers and private sellers alike to state conditions of the records offered in their lists and catalogues. For detailed information on how records are being graded, visit eil.com’s “Music Collectors Guide”.

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