DRider said:NIB: I totally agree
LNIB: this term should be dumped, in my opinion. "Mint" is ok, that was maybe carried once or twice, a test cut on paper, that's about all. "Mint with papers." etc. Like New in Box is sort of like saying "almost a real Randall." If it ain't, it ain't.
"MINT", IMO should be an inference to "as minted" - like a coin. In fact, mint might rightly mean that it has never be touched, once it was packed up by the maker.
"NIB" thus would mean, "taken out of the original package, looked at, maybe opened and returned to package". In the case of custom knives in particular, this whole verbage is pretty meaningless since any knife bought at a show has most likely been "handled" many, many times, albeit in a controlled circumstance.
I would agree that "LNIB" is not terribly specific.
In all cases, it is often more helpful to provide a brief description of what handling has or hasn't occured - much better than three or four initials.