Well, not really new,just newly aquirered. I have been on a Mallory quest lately and was lucky enough to win this XV. From the photos I thought it was light gray but to my suprize and pleasure it is a light cream color which I prefer. It is in great shape and has a cool bash. I love the ribbon and bow. the only bummer is that the wind cord button is sewn to the bow [huh] Why they would do this is a mystery. I would rather not have it at all. but whattaya gunna do. Other than that the hat is terrific.