These units are factory refurbished and may have small cosmetic blemishes but have been inspected and serviced by Leupold. They are guaranteed to perform up to Leupold's high standards and are covered under their Gold Ring Full Lifetime Warranty. With the Leupold Gold Ring Full Lifetime Guarantee, if your Leupold product doesn't perform as promised, Leupold will repair or replace it for free, whether you are the original owner or not- forever. (excludes electronic components). The Golden Ring Compact Spotting Scope offers variable power and high magnification in a package so small and lightweight, you can wear it around your neck or carry it in a light pack. Unmatched ruggedness and unquestionable waterproof integrity. Armor coated.