Sometimes with really old solder you notice the color isn't normal, it's all dark and patchy.
But that's with like 20-30 year old stuff
To day I used some 40 years old solder, found in a closet at a customer's lab.
It worked like a charm, the only thing was a very "aromatic" smell, that I cannot attribute to aged and degraded flux or to a different flux from the one I daily use.
I can understand that flux will degrade with age, but I don't know how the degradation process will act: if the more volatile parts will try to evaporate, how could they find a road for the outside world? Will gaseous parts pass through the wire's end? It's a long road.