There should be no interpretation needed...NIB is NIB.
I just looked at some NIB 0500's that i have and they have none of the issues described by the OP here.
From my understanding ZT let out some of the new Hinderer's that were described to me by owners as junk yet people kept buying and selling them.
When you guys talk about NIB, you must also understand that they are "production" knives.
This may be a shock to some , but there are folks out there that buy knives to use them.
I have seen so many knives directly from production companies that have all types of flaws...I think it would be un-reasonable to demand a knife at a higher QC level than the factory deems sellable.
I have also owned several high dollar customs from some of the top regarded makers that have flaws.
I agree with everything you've stated here. As mentioned above, I can live with a minor flaw--and if that's all the knife had this thread wouldn't exist.
However, surely we can all agree that if a knife is flawed, it's only fair and prudent that the seller describe these flaws in the selling description. Describing the knife as "NIB" or "LNIB" without mentioning them is a complete misrepresentation.
It's important to remember that the major selling point of the ZT MUDD is the fact that the inner mechanism is sealed from the elements. When both of the features responsible for sealing these components (the rubber gasket around the lock switch and the neoprene rings that abut the tang) are damaged, these are major flaws.
bigmark408, if you have any more NIB ZT0500s left for sale, simply shoot me an email and I'll take one. Thanks for your comments.