I would be concerned
Not to the point of not buying the boat, but with repair in mind.Those blisters are caused by water. Though the gelcoat looks waterproof, it is not. Water can and does enter the hull. When it finds uncured resin it creates a blister. These blisters have pressure and have a solution of acid in them. If left alone the acid attacks the material around it and sometimes deeper into the lay-up.I would break them open so that you can find them later, then grind them out. Get all the loose area. Make sure the hull dries out so that you don't trap moisture inside. Wipe with acetone to clear the impurities and acid residue. I would then use epoxy putty to fill them. Epoxy has better bonding qualities with the cured polyester resin than polyester or vinylesterresin. If you over fill slightly, you can fair it with sand paper later. Don't bother with gelcoat, apply a barrier coat then repaint with bottom paint. I have left alot of detail on prep. Make sure you read up abit and prep and apply the products properly. When you barrier coat, take it to the top of the waterline strip, and repaint the strip also.A dozen dime size blisters is not a reason not to buy the boat. If this is going to be a boat to hold you over to the next boat, I may not mess with it. If you want to protect your investment, I would repair them. If the rigging and sails look good, go for it.The info I just gave you comes from the "West System" Brochure titled "GELCOAT BLISTERS" and is available at most boat stores.r.w.landau