Brand new in box. I bought 2 USC frames for my Masters/PhD diplomas. They look silly together with my third frame (Bachelors) being diff. Therefore, I’m selling one USC frame to change up the style so that my diplomas flow better together. Paid $275 for the frame and it’s brand new, includes gold crest matte and gold USC signature as you see in the photo. All you need to do is plop your diploma in. Great deal for diploma frame.