joints are in a very good shape, 

arms are a bit loose but still holding a pose with some manual adjustment, 

elastic of the doll's underwear is stretched due to the age. 

Also, there is a little dot at one elbow and a little hole at the back of one of the socks 

and some yellowish stain at the doll's dress, 

it's not very noticeable as it's hidden between pleats. 

Please see pictures for more details.