Once in a while a wood finished Kodak is offered for sale on eBay. Again one appeared, this time it's a No. 1 Panoram Kodak with the leather stripped off. There is no such thing as a wood finished Panoram, just as there are no wood finished Bull's-Eyes, Bullets, Cartridge Kodaks etc. The only wood finished Kodaks are the Ordinary Kodaks (see them on my site). The rest is historical nonsense. Don't buy any of them if you are a collector.
At least the seller of the No. 1 Panoram is honest and mentions all the things that have been altered. Not all selllers are so honest.