David,
I'm on an older iPhone, So best wait for another to reply, also, I'm no Monaco expert.. But, the body description has some close up shots of the shield and it looks fine. I agree, the main listing photo is a bit pixilated, but it think it's just poor jpeg compression as opposed to a touch up job.
Have a look at the main description.

Stewart

: ... http://pages.ebay.com/link/?nav=item.view&id=270982714366

: It's a Monaco 1133 that when viewed on my HTC looks like it's had a
: rather iffy Paintshop Pro job. May just be my phone but the blue
: around the shield and sub dials looks very pixelated.

: Ta, David H