Describing the condition is not always easy, and that one would not grade very high on the standardized NRA scale (somewhere between "Good" and "Very Good" I'd think) but, they ARE "rare". Someone has cleaned part of the wood. Steel wool and solvent would improve the metal some, but not enough to make it smooth, and you'd remove a lot of color in the process. I don't think I'd want to pay more than about $2500 for it.