This item is in Near Mint Condition.  A beautiful and rare knife.  You rarely have the opportunity to see one.  The largest in the North American Series of Folders. Hand Carved Handles by Gerta Hensel of Roththenberg. Germany whose group of carvers did the engraving and carving for Puma for many years.
This knife has been lightly ( maybe once ) sharpened. You can hardly tell it and you must look closely to see the fine sharpening marks.  Otherwise, it looks unused.  There is also a dimple in the rear brass bolster on the left side.  Shown in the photos.  It looks like a punch may have hit the bolster. Comes complete with box, foam, warranty card, and literature.