I was just wondering how others employ terms describing areas of paper loss on poster borders.
 
I generally use the term "nick" for anything under, say, a quarter-inch at its widest end, usually triangular or V-shaped. I use the term "paper loss" for anything larger than that and/or of a different shape (half-moon or some such, most often).
 
I've never used the word "chip," though I've seen many other vendors do so (auction houses in particular), and often for quite large and significant areas of paper loss, like missing corners. "Chip" would seem to imply a smaller, less significant area of paper loss to me.
 
I'm wondering whether other sellers and collectors have specific criteria for how they use or read these terms. Sorry if this seems like a pedantic question, but any opinions would be welcome.
 
Thanks,
Dave
Posteropolis
 
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