It does have some scratches, dents and minor surface rust. It has Johnson 4 decals on it. I have not tried to start the motor, but the pull string does pull, so the motor is not locked up.
This would be a great outboard motor to restore, use or collect. Please check out my other listings. Items come from a smoke free home. The item "Vintage 1940's Johnson Seahorse TD20 5 Horse Outboard Boat Motor Parts Only" is in sale since Tuesday, January 12, 2021.This item is in the category "eBay Motors\Parts & Accessories\Boat Parts\Outboard Engines & Components\Complete Outboard Engines". The seller is "lilpepper6" and is located in West Concord, Minnesota. This item can be shipped to United States, Canada.