Yes, for only $250 US, you did get a bargain. From the wood to the blued parts, it looks to be in fantastic condition. The receiver on this model is meant to look mottled like it does in the picture. When I mentioned case hardening, I should have used the term color case hardening.
In the old days(19th and early 20th century) when Winchester still took special orders, having the receiver color case hardened was always an extra fee. People ordered it for looks as much as practicality. However, at some point in the early 20th century, Winchester quit handling such special orders.
Consequently, when they re-introduced this process by offering the "antique" model for a few years, it became a desirable model.
It also had the advantage that unlike a commemorative, it was meant for use in the field. I think you will really be pleased when you get your hands on it.
No, wait, I just checked and this model is prone to catch fire and the air bags will fail to inflate. You better just send it to me for disposal:flute: