What a find!  The second MAD ever published!  A classic EC issue back when Mad Magazine was still a comic book!  Although I'm not a professional grader, I'd give this a grade of Very Good Plus.  PLEASE SEE THE PICTURES!  The front cover has moderate wear and creasing with a tiny fold in the bottom right corner, a small scrape on the upper right edge, and a tiny nick on the upper edge.   There are stress lines and tiny tears to the spine with a little bit of tearing about the staples which are otherwise solid with an attached cover.  The page are in nice shape with light tanning and some tiny tears on the edges of some pages and some tiny folds in corners, and the stories themselves still pop with nice colors.  The back cover has moderate wear and creasing with a light shadow on the upper edge, and tiny tear on the left edge, and some very light soiling.  All in all a really nice copy of a classic Mad!