I have bought a few factory refurbished items from natchez. I bought a 3-9x40 buckmaster and nikon binoculars and a bushnell scout rangefinder. They all seem as good as new with no visible blemishes. I don't believe you get the same warranty. The nikon stuff has a 90 day warranty instead of 25 years. The rangefinder came with a one year warranty instead of a two year.