This is hands-down, one of the best Small-Frame Smith & Wesson Volcanic Pistols brought to market in the past 20 years. It retains about 75 - 85% original blue brown finish that is still vivid on its barrel and magazine and 30% blue on its frame. This original finish is blending naturally with a perfect plumb-brown patina. The grips are near mint retailing virtually all of their shiny varnish. The action, edges and markings are near perfect. There is the slightest bit of corrosion near the muzzle end of the barrel. It appears that this corrosion probably extended to the face of the muzzle as the face shows a recent cleaning. The tiny pin-tab on the face of the magazine is a replacement and I therefore believe this is an area that was corroded, possibly frozen or broken and is why these issues were addressed. If you blow-up the photos, you'll see the thin tab that has been replaced. I don't believe that this hurts the gun much as about 1/3 of these early guns I see have the replaced tab. I have only seen a handful of these guns in better condition in 35 years and those have sold in the $30,000 - $50,000 range.