Agreed. I see from looking at some of your posts that you are several notches above me as to what condition you collect. Where you see barrel markings that are washed out, I see barrel markings that are mostly still there. I see a clean line on the sideplate, not rolled over as often happens. Contours look maintained to me, flats are flat. As with all refinishes, it would be interesting to see "before" pictures to see what they had to work with. It's obviously not a factory level refinish but I've certainly seen worse.
On the plus side, it's unlikely that we'll be bidding against each other in the future.
But back to the original topic - if someone is seriously considering bidding they might ask the seller if they have a better picture of the butt. That last digit might show up in different light, at a different angle. Who knows, there might even be a restamp under the stocks (although I doubt it - again I think that this was probably done before anyone cared much about serial numbers).
And for all the concern there is about obliterated serial numbers and what the feds might think of it, this is about the most innocuous example I've ever seen. It is obviously not an attempt to actually remove the number. Does anyone have any
actual knowledge of cases where the number has been partially obliterated, say by installation of a lanyard ring or this kind of refinishing, and what the BATF's reaction was? Or is everyone just assuming that you automatically go to jail, do not pass go, do not collect $200?