In the strata of Sheaffer PFM pens and pencils, the Sheaffer PFM-IV was just one grade below the very top of the line. We love the polished chrome cap with gold-plated accents better than the entirely gold-plated caps of the Sheaffer PFM-Vs. This vintage pencil is in great working order. However, it has some light wear from use. No dents or deep scratches but lots of light, shallow scratches. You might also notice a slight gap between the gold cap band and cap. We tried to move it back into position, but it wouldn't budge. You advance and retract the .9mm lead with a twist of the tail cap. Spare leads and an unused but hardened blue eraser can be found under the blind cap. 12.9cm.