It doesn't matter affect the sound the valves work fine all parts move there is no mouthpiece.
1955 - Holton Collegiate Bb Cornet w/ Mouthpiece & Case
Holton Collegiate Bb cornet SN 424848
Vintage Holton Collegiate Bb Trumpet #429487 w/ Case Mouthpiece & Lyre
Vintage 1940s Holton Collegiate Cornet Horn with Case - Very Good Condition
Holton Collegiate Cornet (serial#: 204442)
This Item Is A Vintage Brass Cornet Often Identified As A Holton Collegiate