This sure looks 100% stock (with the exception of the roll bar). It may be a great find for someone wanting a M-38a1 to restore.
" For Sale or Trade 1952 Willy's Jeep. Has Full Rag Top with Doors and Gas Can. In original Condition. Even has Shovel under Hood! $6500 or Trade for NICE Quad 4×4 500cc or LARGER. Price Firm."