Montblanc Meisterstück 165 mechanical pencil, featuring the iconic precious resin and gold-plated accents. The pencil operates smoothly and remains fully functional, with clean cosmetic condition and limited signs of previous use. Note: the internal plastic sleeve beneath the cap shows a small crack — a common aging point on early 165 mechanisms. The effect can be mitigated by applying paper-based adhesives around the cap, as shown in one of the photos, leads can then still be advanced normally. The part is also replaceable.