I just got my grade 1 P226, right on time, nice and quick.
a little wear around the mag well. A few small nicks here and there on the frame (like 1mm sized). A few holster-wear spots near the muzzle, slide lock. Finish doesn't look new but not terrible either - just a few black shiny spots on the black finish.
Internals were dirtier than I expected. Didn't look like it was stripped and re-greased inside on the springs and rails. Carbon build-up in spots... it was shot more than a few test fire shots without detail cleaning. Bore is fine, after lead and carbon was removed. The case and mags might be brand new, but nothing on the pistol seems brand new. Except the grips - they are pretty much flawless, clean and grippy.
The good news is that it functions very smooth and tight. Buttery. There are no dents or gashes in the metal. I used some birchwood casey super black and covered most of the tiny spots of wear.
Looking forward to seeing how it shoots. Might get an SRT for it.