Plinker, it's got the steel butt plate that seems to be parked. It's not the blue of the rest of the rifle. As to the wood finishing, your buddy is quite correct about hand rubbing in the oil. What you wouldn't know is that I was a cabinet maker/carpenter for 35 years, and I've refinished many rifle stocks over the years. One thing I know for sure, there are many roads to the same destination. When I get this puppy gently refurbed, it'll look factory fresh. I don't know the current market value of the '50 LB's in this kind of shape, but one fella had 2 consecutive serial numbered of these brand new in the EE and he was asking 2 G's!!! A little steep, I thought. Lest one assume perfection exists, in the spirit of true honesty, there are 2 correctable issues with the rifle. Somehow, the tip of the firing pin is broken. I have sourced a new one, and I have a bud with the tools and know how to replace it. Secondly, it has a "S" for short buttstock, and being 6' and long armed, the length of pull means I'm choking up on the butt. The good folks at Tradex tell me they have a walnut Canadian long butt which I'm ordering as my "shooter". Of course, I'll never let the original go out of my hands as it's mated to the rifle.