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Down-locking cap and ring reel seat with a butternut spacer
One minor ding to the rim
however in the accompanying letter Hoagy admits to having mis-lettered the tips with one inked as "B-8-1" instead of "C-8-1"
For sale here is a Hardy JLH Ultralite #7 fly reel
The rod has been restored with a combination of some sections having been re-dipped and others having been rubbed out
Payne Bamboo Fly Rod 8'6" 3/2 #7 2-Piece Down-locking cap and ring reelAn EF Payne bamboo fly rod, 8'6", 2 piece, 2 tips, and built for a #7 line. Fast DF action. 5. 4 ounces. Excellent condition with good varnish and just minor cosmetic casting cracks at the ferrules wraps and a small amount of guide wear. I am not certain but I suspect that this rod had a professional refinish as the grip has first been cleaned and then turned smooth. I also see a few gaps in the edge winds that are unlike what you would find in an
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