Grading

Excellent- The watch is in 75% or better.  Minor scratches here and there consistent with age

NEAR MINT- The watch is in 85% or better condition with a few minor scuffs here and there

MINT- The watch is in 90% or better condition with a few minor scuffs here and there

LNIB- The watch is in 98% or better.  The watch is almost as good as new

BNIB- The watch is in 99.99% condition.  Essentially a Brand New Watch.