Complete & working. The toy is a combination of pressed steel with polished tin surfaces (gun grips, frame, barrel, and site), plus a lithographed steel bullet cannister. The toy is battery operated. To insert the batteries the front half of the bullet cannister is carefully pulled away from the rear section. It uses two "C" cell batteries. Just squeeze the trigger to generate a rapid "click-click-click" sound. Simultaneously the red light at the tip of the barrel, which is original to the toy, flashes on and off.