The follwing is a guide for the quality of hand tools dipslayed on Oldtools.co.uk website:-
N - New
Maybe "older new" or "recent new".
F - Fine
90-100% of appropriate finish, minimal wear, no repairs.
G+ - Good+
70%-90% of appropriate finish, nominal wear, minor or no repairs, can have light pitting, staining and some nicks and scratches, small chips in wood.
G - Good
50%+ of appropriate finish, nominal to moderate wear, repairs, can have light to heavy pitting, rust and chips. Often cheap for the tool but may need work on it.
G-Fr - Fair
Fair and lower can be found on some old unusual items.