No, I'd say that's an original because the reissues all have metal toes whereas some originals had plastic toes (my G1 has metal toes, but a lot of other kids I knew had plastic-toed Hot Rods). AFAIK there's never been a reissue of plastic-toed Hot Rod.

Btw Jena, I have a spare G1 Hot Rod gun. Drop me a PM if you're interested.