The Series III vest pocket kodak was produced in various colours other than black.
This range was called Vanity Kodaks, and was produced from about 1928 - 1933.
Whilst the gray version is not the most eye-catching, it is one of the rarer colours.
It is important for collectors today that the camera has its original matching colour bellows, as in this case.
Additionally, this camera has its original matching, silk-lined clam-shell case, and outer box.
The outer box is complete, but some of the joints need re-gluing.
The shutter works, and the stylus is present.
Overall a very nice example.