Yeah, mine flaked even before I even got to display it. Some bits of the red paint flaked off out of the box just from the static of the plastic wrapping around the shield, unfortunately. I purchased the figure brand new in box but it was earlier this year, so the shield had been wrapped up for some time. I'm certain the shield is plastic though, being that it is very light. TFA shield was a bust out of the box for me, so my TFA Cap is wielding the clean shield that came with the first Avengers Cap, while the first Avengers Cap has the battle damaged one that he also came with.
Sorry, I'm a little new here, so I'm not very familiar with the acronyms, does TFA mean the first avenger? I'm a bit confused.