The lowest collectible grade, she's Ono if she ' s readable but not very clean. A copy in this grade has all pages and most of the covers. Centerfold may be missing, if it does not affect the story, but value will be reduced accordingly. Creases and folds are prevalent and paper quality may be moderately low. They are generally soiled, ragged and unattractive.
Corners are commonly slightly rounded.
If coupons are cut out from anywhere it will put the magazine in this grade. These books are mostly readable although soiling, staining, tears, markings, chunks or mail-in coupons missing may interfere with reading the complete story. Very often paper quality is moderately low and may have slight brittleness around the edges but not in the central portion of the pages. Just a mess, I guess better than nothing but very little, if any, value. These are the ones you use to replace pages in better quality magazines.