Stamps, quality and grading: Quality of print
Not all stamps are born equal. There can be lots of minor quality flux that fits into printers guidelines of acceptable variation and printing conditions. In addition there are all sorts of errors, freaks and oddities (like printers waste) that ends up one way or to another to stamp collectors albums.
Print quality
A common phenomena with 19th century stamps printing process was worning of the plates. The more stamps were printed using same plates, the less accurate the fine details became. And at some point this usually lead to re-engraving of the plates.

Finland 1875/1882 20p blue. Notice the difference in details (like stars and letters) in design.
Though printing technology has advanced, the quality of print can still vary hugely as the above picture of Romanian ship definitive stamp shows:

1974 Romania, 1.55 Lei ship definitive postage stamp.
External matter, such as dust particles, causing various pernanent or temporary printing flaws (such as above) is a cause of joy for EFO collectors.
A good grade copy stamp should be of the best (or at least average) printing quality.
Colors
Another major part of printing process are colors. A desired grade / quality for most collectors is a sample with accurate and vivid colors.
However, especially for many of the older issues, there can be huge differences in amount and quality of ink – causing over- and underinked print impressions, poor impression quality etc.

1875/1882 Finland 20p Blue. A printers bad day.
Even new stamps are not protected, as accuracy in which the colors are aligned / placed into design can vary notably:

1976 Sweden. Small color shifts like these can make a desired EFO or non-desirable B-grade copies.
Centering and perforation / cutting
In most cases, the goal of the printer has been to produce stamps where design is aligned to the somewhat center of the stamp, and stamps are easy to separate from each other using the provided perforation (or cutting with recent self-adhesive stamps).
The collectors norm is to obtain copies with perfect centering: there should be equal number of whitespace on all sides between the design and perforation. It sounds really simple, but far too many collectors have gone IMHO overboard with this by trying to stare tenths of millimeters.

Some stamps are virtually impossible to receive with perfect centering. For example many of the early Italian stamps are very common in off-centered condition such as the above.
Things become a little harder when one deals with perforation errors. What is the line between a poorly centered stamp and a perforation error (besides the obvious diagonal perforation errors)?
To be continued some time next week…
PS. Totally off-topic, but today (Jan 29th) is Stamp Collecting Blog’s 1st anniversary. Happy birthday to all readers
Hi,
happy birthday – I’ve not been here for a while, I just read a summary on RSS – and I really like the new much more readable style.
Well done!
Ian
Thanks Ian
I just found you a couple of months ago and happy that I did , I find the articles very interesting , So I too wish you a Very Happy Blog 1st Anniversary,
It must take a lot of your free time to devote to this endeavor.
Jayne
Thanks Jayne.
Yes, making new content (and moderating the comments) does take up to few hours a week. But If I wasn’t spending that time with the blog, I’d very likely spent it on other stamp related websites. LOL.