This is a V1. There is overall fading due to age, but it has taken on a bluish hue, making it different from the original gray and the ash/gray colors of other Peak Design products. This unique aging can be enjoyed as a distinctive feature. The entire bag has uniformly changed to a bronze-like color, making it a rare find. The shape is still well-maintained. There are some areas with ink stains. The leather has been moisturized with leather oil, so it feels good to the touch. There is no major damage to the exterior, but please check the photos and understand that this is a used item before purchasing. Everyday Backpack 30L BB-30-AS-1 (Ash) Brand: Peak Design