All in good working order. Chain is fine (KMC 9 speed, with quick link not in photo -- needs a good clean!). A few cosmetic blemishes -- some surface wear on the shifter blades, a few scratches here and there, some heel rub on the cranks, but on the whole very good for its age. Chainrings (52,39) are original, so I don't think it has done too many miles in its life.