Just how bad would this be considered?

[crffl]

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Looking at a possible trade and hoping to get some direction from those more knowledgeable than I. This is what I've been told:

it is matching on the outside.
Functioning with no issues.
The grips have no numbers on it.
The mag is a reproduction.
It is reblued.
9mm

I have no others and at first I thought this would be a decent trade for a shooter. What caught my attention is in the last pic where it appears the bluing has flaked off, I havent' seen that before or maybe a trick of the lighting? Realistically what is this worth in its current condition?

Thanks for any opinions.















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