I disagree, if it was a car it would be in "cherry" condition. Cherry Baaaby...

While the club in it's wisdom has noticed that coin collecting has become obsessed with grading and slabbing and has become a terrible mess, I do agree that NEW means something different than Unusued or Almost Unused. (then watch me call some chip on eBay "Like New" and contradict myself.)

But if someone says New Condition then it makes sense. So if it's describing condition, New means something other than New as in age.

Want to go crazy, look at the coin grading and how aside from MS grades (how many I lost count, 9 or something?) then colors, plus some people have made letter grades or plus / minus tags on them. OK it's a 63 + rather than a 64 -? Which do you think it will always be?

Chips are easy. (this is not the clubs official standard) New or Like New, Slightly used, Used, Worn, Dog Meat (aka chopped liver) After that the individual description explains if it has a hole, canceled, notched, chipped, sample, overstamped Etc. and that's why a simple system is best. Each chip is individual and they aren't minted.

The alternative is some over puffed, unexplainable grading system, to cover each nick and scratch... Totally Subjective!

That's why slabbing and grading has infested the coin hobby with frauds (overgrading their own and selling in ads as investments), over grading in general to inflate values, cracking out and re-grading, inflated grading over the years by the legit grading services to make for more business.

Since it's impossible to have something "mint" that wasn't minted, New or Like new condition are basically the same thing.

The will stand on edge actually works, if the new chip would have stood one edge in the first place. The alternative is a set of radius guides for measuring usage. Silly!