How To Grade Your Pulp Magazines

I believe someday all collectibles will be graded using a 10-point scale, and that this universality will be a factor in making collectibles a recognized investment like stocks and bonds. Grading services will exist for type of antique or collectible, and these grading services will enable a liquid marketplace for massive trading in collectibles of all kinds. Collectors will view their collection “portfolio” as a source of retirement income in the same way that stock investors do today. EBay and similar sites will be the "NASDAQ" for the liquidation of these collectible investments. This isn't a great insight on my part, it is already happening in a small way, and I believe it is just beginning.

Until the introduction of our 10-point system, the marketplace suffered from a lack of a standardized system for ranking of condition. Each merchant more or less "invented" their own system, with one seller's "Fine" equal to another seller's "Condition B" and yet another's "Excellent." In our opinion, lack of grading consistency among merchants is a major obstacle to growth in any hobby. Why? Because buyers feel more secure with "sight unseen" internet buying when they are familiar with a consistent grading system. New collectors in any hobby become advanced collectors through knowledge, including knowledge of terminology. Without such a set of grading terms and definitions, buyers may feel confused and uncertain about the quality of items they are buying over the internet or through the mail. Confusion and uncertainty are not good for the growth of any hobby.

Our 10-point scale for grading  is similar to systems already adopted in other markets. By using a set of standardized grading terms, we can ensure the growth of the hobby now and in the future.

I welcome your feedback. Please e-mail me with comments and suggestions. My e-mail address is jon@2ndmarkets.com.

I have outlined the various grades, and described the specifications for each. These grading definitions are intended to help you rate the condition of your item. As in any collectible, the better the condition of an item, the more valuable it is.

C10 : M (Mint)
Perfect in every way, as though it came off the press just yesterday.
C9 : NM (Near Mint)
Slightly better than Very Fine but definitely not Mint. Many dealers use this grade as their highest grade.
C8 : VF (Very Fine)
Our highest grade. Sharp in every way, like new to near new. Not necessarily mint, but exceptional. Can not have any major noticeable defects. Can have tiny, minor defects. No tears, creases, or brown pages. No surface wear or scuffing. Spine should show no rubbing or wear of any kind. A small arrival date is allowable without being noted. Should be bright and clean, glossy with creamy pages. A brilliant, highly-prized state of preservation.
C7 : FVF (Fine to Very Fine)
Slightly better than Fine but definitely not Very Fine.

C6 : F (Fine)
A nice copy with perhaps several minor defects. Should have a complete and solid spine without tears or unusual wear. Defects that can be expected include: minor page browning or yellowing (severe browning is not allowed in this grade), light spine creases and minor edge tears. Defects that are not allowed in this grade are: heavy surface wear, pieces or large flakes missing, heavy spine wear, a rolled spine, insect or rodent damage. A small arrival date is allowable without being noted. Should appear clean and sharp with only a couple of minor detractions.
C5 : VGF (Very Good to Fine)


C4 : VG (Very Good)
A borderline magazine that is closer to VG than it is to G. The accrual of several described defects should move an otherwise VG item to this grade. C3 : G (Good)
A worn, creased, flaked example. Crumpled and worn corners. Tape, waterstains, brittleness of pages, pieces or chips missing, heavily rolled spine, etc., should be described but are certainly allowable in this grade, which is used to describe a low-quality example. This grade is probably the minimum grade acceptable to most collectors. C2 : FR (Fair)
Less than G. A terribly worn and dusty example with any major defect probably present. It should be noted that the item is complete, otherwise the buyer may assume that the item is not complete. The item may be described as a filler, or reading copy. Virtually unacceptable to most collectors.
C1 : P (Poor)
An incomplete, tattered, ragged, dreadful copy. The grade says it all - a bad copy. May be missing pages or parts of the cover and spine. May have a tremendous accumulation of other defects. The primary distinction between this grade and FR is that the P grade denotes an item that is not complete, while FR denotes an item that is complete.