Has some rust. Looks like the passenger side tool indents have been filled/patched.
https://fredericksburg.craigslist.org/cto/d/cloverdale-1952-m38-willys-military-jeep/7163988711.html
“I have owned this jeep for 24 years, restored it and drove it in parades and entered a couple car shows as well. Health problems have kept me from maintaining it the way it should be and I no longer have a garage to store it in or work on it. It has some rust on driver side front fender, passenger side under door, and floor pans. The frame is solid, motor was rebuilt in 2001 and has low miles on it. Jeep has not been started in several years so the gas tank will need to be cleaned out thoroughly. Many extras like mud/snow tires and wheels, military manual, old parts, and contacts for every nut bolt and screw. This would make a great restoration project since M38s
are rare and this one has only 42,456 original miles.”