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NRA Condition Grading Scale Flashcards

7 cards from real CFA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 NRA Condition Grading Scale flashcards as text

  1. A lever-action rifle from 1885 has about 30% original case color remaining on the receiver and smooth, worn wood. Which NRA antique grade fits best?

    Answer: Good

    NRA 'Good' antiques retain some original finish, show normal handling wear, and remain mechanically functional.

  2. Under the NRA modern firearms scale, the grade 'Fair' typically indicates what level of remaining original finish?

    Answer: Less than 20%

    NRA 'Fair' for modern firearms is generally associated with less than 20% original finish remaining.

  3. An NRA 'Excellent' modern firearm differs from an NRA 'Perfect' modern firearm primarily in that 'Excellent' allows for what?

    Answer: Evidence of light use with minor wear

    NRA 'Excellent' allows for evidence of careful use with minimal wear, unlike 'Perfect' which requires no signs of use.

  4. When applying the NRA condition scale for auction catalog purposes, which grade would most accurately describe a Colt Single Action Army with 90% vivid original color case hardening and 88% blue?

    Answer: Excellent

    Combined finish retention of approximately 88–90% with sharp case coloring places this SAA firmly in NRA 'Excellent.'

  5. Which NRA antique condition grade describes a firearm with no finish remaining, heavy pitting, but is still mechanically functional?

    Answer: Poor

    NRA 'Poor' on the antique scale describes guns with no finish, heavy pitting or damage, yet still mechanically functional enough to fire.

  6. A CFA candidate is asked why condition grading directly affects a firearm's appraised value. The best answer is:

    Answer: Condition determines the percentage of highest-known-sale price a specimen commands

    In firearms appraisal, condition grade is applied as a percentage multiplier against a reference high-condition sale price to derive current value.

  7. On the NRA scale, the term 'mechanically perfect' is a requirement for which modern firearms grade at minimum?

    Answer: Very Good

    NRA 'Very Good' and above require the firearm to be mechanically perfect (fully functional with no defects).