This mug has no chips, cracks, scratches, stains or crazing.
There is a manufacturing imperfection on the base resulting in it not being perfectly round in one spot. At first glance it looks like a chip however it is painted over so it must be a manufacturing imperfection. Please see the red arrow pointing to this in the last photo.
There are some extremely minor imperfections on the gold print on the crown on the front and rear surface. These were discovered inspecting the mug under intense LED lighting with a magnifying glass. In normal use they are not noticeable. Please see the photos for a realistic look at how this mug appears under normal viewing conditions, overall it's in excellent condition.