This Franklin Covey 1.5” binder has 7 rings inside. It does not appear to have been used and is in like new condition with label and two dividers inside. Two are available. There are a few small imperfections in the natural leather pebbled portion. The bottom cover portion is a darker brown that may be synthetic. The top pebbled portion has a real leather look, feel, and smell. See photos for more details and measurements. Thanks for looking!!!