Well, the windings are copper, and copper doesn't turn into iron oxide. If the windings aren't broken, and the track the brush moves on isn't cracked or worn out, they are serviceable. It may not be worth your time to clean the crud off if the price isn't much lower than others in good condition.
Spot on comment from Helius
If you're feeling brave, looks like you'll need a sunny afternoon and some elbow grease (and WD40) to sort those out,
and if the carbon brushes and top surface are in good shape, you'll have a winner, assuming no shorts/damage on the windings etc.
If you haven't got the dials that go on the rotating shaft, it means extra work and time sourcing parts and stuffing around.
Posting a picture of the terminal block section is recommended, just in case these were ripped out of an installation by wire cutting knuckle draggers
If you're not familiar with variac wiring and testing, and have no REAL need for one, give these a miss
or if you've bought them, safer to re-sell them 'as is, condition unknown, for parts' etc
grab some cash and let someone else deal with it that's been there before.