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As with all grades, damaged wood and missing or broken parts reduce the value. Once you know the general value of an item, you need only consider its condition to determine its final value.
Pricing any collectible is not easy and can take considerable practice to master.
Small changes, such as a new cutter logo, often have no effect, but larger changes, such as adding a cutter adjustment mechanism, nearly creates a new model.
From its earliest days, Stanley used trademarks and various logos to designate its products.
Clearly, many early carpenters felt that adding one more Stanley item to their tool kit was a desirable goal even if they never used the tool.
With increased prices, Stanley collecting has changed. Worn japanning (paint finish) and some rust and paint spots. Note the handles are not damaged, making this tool worth the full value of a good rating. This grade is for tools that have been taken care of and stored properly. Polished surfaces clean and bright or with uniform patina.
Collectors today are putting together smaller collections and choosing each new addition with greater care. If the handles were broken or cracked, the value would be reduced below that of good. The japanning will be 75% or better, and the polished surface should not be rusted or pitted. Damaged or missing parts considerably reduce the value of tools in this condition. The easiest way to think of values for Stanley tools—and for that matter, all antique tools—is to divide the pricing into categories based on condition. Some items are common and therefore lower in value; others are rarer or in higher demand and therefore more valuable.
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The first serious hobbyists started showing up in the early 1970s.