I am pretty sure that is the same as mine, altho the one I have is the next size up, I think.
There is no reason for there being a problem, in the last 50 years I have worn out 3 Presto cookers/pressure pots.
The price is about right, as 30 years ago, I paid over $30. for mine.
I keep the old ones and use them as a frying pan, they are heavy and do a fine job, if you have lots to fry, as in a stir fry or several pounds of meat to brown, as in hamburger meat, to put in the freezer.
Next get a cheap bread machine and a crock pot and the new world opens up to you.
Food is no longer a matter of meat and potatoes, but you get to smell it cook.
You can spend a lot of time playing with food, or put it in and go do something else..........LOL, I am the “go do something else” type of person.