Pretty much what everybody else said. If the limbs are crooked or the tips are delaminating buy it anyway and sell or trade it to me
. Both problems can be fixed.
Stress cracks won't hurt anyting and most of those 50 year old bows have them. They can be made to disappear also. The one bad pig in a poke problem you might run into is if it was left in a hot car or place during it's history. But it hasn't blown up yet in 50 years, so I'd take a chance for $25. Sounds like a good deal to me.
Oh, another tip, if the limbs do have a twist, string it to find out. Or the tips don't line up tell the guy it's a wall hanger and get it cheaper, Then, I'll tell you how to straighten them.