Celluloid has three tiny 1/16" or less stress cracks at upper left although not showing at all without magnification. Displays glossy and clean with perfect centering. Reverse has no backpaper and the metal collet has an area 1.5" long where a very thin sliver of the the metal edge is missing. In a different position, a similar .5" sliver is missing. Plenty of metal remains to properly hold the spring pin in position and whatever caused the slivers to rust and disappear did not in any way stain the celluloid. An attractive and scarce design with an opening bid that accounts for condition.