One peg is missing. Kids still played well with this toy. Lots of fun. See pictures

This Melissa and Doug Pound-A-Peg toy is perfect for children aged 2 and up. Made from high-quality wood, it offers a fun and engaging way for little ones to develop their hand-eye coordination and fine motor skills. The colorful design and character family of Melissa and Doug make it even more appealing to children. It is also a great addition to any preschool or playroom.