Refurbished???

[The Kurgan]

A really nice SKS, and an Izzy to boot.

I would have to say "Refurbished". In the picture of the stock serial number, as pointed out, the Izzy stamp is light, the serial number is in two lines, and you can see the cracking and chipping of the finish where the new numbers have been stamped. You can also make out the old serial number under the bottom line of the new one. A good one, though!
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Good observational skills. Either way, a nice piece.