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Shakespear stadard taper rod and a HI 1857 reel

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My wife has a friend who was recently widowed.  She found this in her basement and since I fish she sent it home with my wife.  I don't know anything about it.  Is it something that could be collected or just another piece of junk that needs to go to the land fill?

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I like those wonder rods,  back in the '50s-'70s they were state of the art,  probably sell now between 20 &50$ depending on who bids and condition of the rod. It will have a date code as to manufacture and recommended line weights, possibly in the old letter system. Heavier in hand than modern rods but will do anything you can do with a fly.

Ask here and you be where the glass experts hang out http://fiberglassflyrodders.com/forum/

The HI reel I am not familiar with but guess at same value more or less.

edit; thread on that reel http://fiberglassflyrodders.com/forum/viewtopic.php?f=4&t=54252

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