Pencil sided holes allowable on back side and small holes allowable on the display side. Major holes in back and seam with minor holes and paint blistering on display face. Part of display face may be badly faded, but still legible. Some of the wording may be unreadable. The lowest grade of can.
Brand name is barely readable.
Full of holes and heavy rust. Of no value and seldom saved. The grade of a can not only defines the physical condition of a can, but also drastically effects the can's value.