The ring around the objective is blacked out...not gold. The old model number is 49212. Last year when Leupold reconfigured their line, they took the "tactical" models and moved them to the Mark 4 line. Check the link I've included. That is the same scope that is for sale just under a different name...Mark 4 PR instead of Vari-X III Tactical.
It does not have an adjustable objective...that being said, I've only shot 88 rounds with it from distances between 50 yards to 200 but I can't remember thinking I needed it.
Thanks for looking.