The biggest cosmetic issues are a spot on the forestock where the finish has chipped off, some very light rust on the receiver (one is directly below the charging handle on the bolt in the second pic, and the other is about the same severity on the other side of the reciever), discoloration on the bolt, and an approx 1 1/2" by 3/4" patch of scratches on the bottom of the stock. I've tried to show these issues in the pictures. There are also scattered light scratches over it's surface--evidence of how many hunts it's been on and how many ducks it's taken!
I dont know of any functional issues.
It has nice balance and shoulders and swings well. It's just a good, basic, no frills duck/skeet/trap shooting gun. Great duck gun for a kid.