If it has papers it’s more than fair. If not you’d better check if it can be plated and how easily it can be done. Here in Quebec a moped without papers is almost impossible to legally put back on the streets.
That colour and patina are sick (to me at least)! But Trent is right. It will probably need a lot of elbow grease to get it running, but it can be fun and rewarding. V1’s are common and relatively easy to restore. Plus there are tons of performance parts. Not Puch tons, but a lot.