Yes, it's a toy but it is a wonderful toy.  Internal image is clear, colorful, and bright.

I've been collecting scopes for many years and watching eBay for this kind, constantly.

They do not show up here very often.

Hence, the relatively, high opening bid.  Also, it is in excellent condition.

Object case turns, smoothly, in both directions.

External paper covering shows no damage and the paper seam is intact and uniform, no separation from the cardboard tube.