Orvis CFO III Fly Reel 4-Piece For sale here is a

For sale here is a Payne Model 98 in excellent plus condition

All sections fit together tightly as they should

Nickel silver cap and ring reel seat over a mortised walnut spacer

the latter of which has the Leonard period logo stamp in the cartouche

This reel was from the collection of the family which owned the company

Orvis CFO III Fly Reel 4-Piece For sale here is aFor sale here is an Orvis CFO III fly reel in excellent used condition with original case. Made in England. Left or right hand retrieve. Capacity up to a WF6 line + 50 yards of 20# backing. Comes with original Orvis reel case and is loaded with a Cortland DT5 line and backing, ready to fish!