This Panerai is in Excellent condition. The highly polished case looks incredible with the sandwich dial (recessed numerals). This watch shows some very faint scratches on the case (can't pick them up with the camera) only in certain light. 
 
Here's a link to a Hodinkee article written up about this Panerai: https://www.hodinkee.com/articles/panerai-radiomir-1940-42mm-pam00512-the-panerai-many-were-waiting-for
 
Item Details:

Manufacturer: Panerai
Model: Radiomir 1940
Reference Number: PAM512
Case: Stainless Steel
Case Size: 42mm
Strap: Crocodile
Dial: Black
Movement: Manual Wind
Calibre: P.999

Condition: Excellent
Box Included: Yes
Papers Included: No
Warranty: None

Watch Features:

Slim Panerai Highly Polished Case
60-hour Power Reserve
Water Resistance to 100M

The Box Set comes with the following:
 
Watch
Outer and Inner Boxes
Manuals
Hang Tag