Very Good: Showing minor wear but still fully functional.Excellent: Lightly used with minimal wear.Factory New: Untouched, unblemished, and never fired.Here is a simplified overview of each condition: The National Rifle Association (NRA) has established grading standards to assess a gun's condition. Here are the key steps to evaluating the condition of your firearm: Understanding the NRA condition grading standards Guns in mint condition, with their original box and papers, can command huge premiums. The condition of your gun is an important factor in determining how much money it's worth.