THE BEATLES "YELLOW SUBMARINE" SOLID RED WAX. THIS IS A SECOND ISSUE .VG+/ NM CONDITION. COVER: HAS BEND BOTTOM RIGHT . RECORD EX++ TO NM . NO SPINDLE MARKS ON LABELS.
I always grade cover first .
I always grade the cover first Inner sleeve always graded Obi strip is graded Box and booklets graded.

I use "Record Collector" Magazine grading . And add a "NM" in between M and EX. One grade is equal. Covers graded first. VG+ Records will have surface noise accompanied w/ classic surface noise. I guarantee that . Don't buy the VG+ If you are picky like myself!

RECORD COLLECTORS GRADING SYSTEM Mint (M)The record itself is in brand new condition with no surface marks or  reduction in sound quality. The cover and any extra items such as the lyric sheet. booklet or poster are in perfect condition. Records marked as Sealed or Unplayed should be Mint.Excellent (EX)The record shows some signs of having been played, but there is very little lessening in sound quality. The cover and packaging might have slight wear and/or creasing.Very Good (VG)The record has obviously been played many times, but displayed no major reduction in sound quality, despite noticeable surface marks and the occasional light scratch. Normal wear and tear on the cover or extra items, without any major defects is acceptableGood (G)The record has been played so much that the sound quality has deteriorated, perhaps with some distortion and mild scratches. The cover and contents suffer from folding, scuffing of edges, spine splits, discoloration, etcFair (F)The record is still just playable but has not been cared for properly and displays considerable surface noise; it may even jump. The cover and contents will be torn, stained and/or defaced.Poor (P)The record will not play properly due to scratched, bad surface noise, etc. The cover and contents will be badly damaged or partly missingBad (B)The record is unplayable or might even be broken, and is only of use as a collection-filler