Lens is boxed without caps, and while the blades are oil free and operate smoothly, there is a small amount of internal dust and I do see a small patch of fungus behind the front element, see the fifth listing photo. As you'll see from the sample shots, image quality does not seem to be affected at all.

Sample photos were taken with the lens wide open, mounted on a Panasonic DMC-G1 with a Fotasy adapter.

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