Condition is continuous while grades are discrete. One additional stress line, slightly weaker corner or trace of wear does not transform an object instantaneously, yet a grader must eventually select one label. Two items on opposite sides of a boundary can therefore look nearly identical, while two items sharing the same grade can differ markedly within that band.
Grading is also more than defect counting. Number, severity, size, location, visibility, interaction, originality, manufacture, age, expected survival, structural effect and eye appeal can all influence the outcome. A focal scratch may matter more than several inconspicuous marks; a structural tear may matter more than broad superficial scuffing.
Published standards necessarily use language such as slight, minor, virtually perfect, unobtrusive, moderate or exceptional. Those words are useful because condition cannot always be reduced to millimetres, but they also contain judgement. Borderline objects are often exactly where two experienced graders interpret those words differently.