It has flaked a slight amount. However, being that is my father’s old lighter it is only character marks . I wouldn’t sell it and it works flawlessly. I don’t think it is possible for working lighter of that age not to show some wear and tear. The plating wasn’t designed for heavy use and exposure to the conditions of life.The Executive model only had leather on the reservoir side. His does look like the gold plating has flaked off though.
View attachment 96087