Payne 204 Fly Rod 8'6" 3/2 #5 9' The only thing I could

The only thing I could find on this was a little discoloration of the grip and a tiny amount of edge wear to the ring and the corner of the butt cap

Oxidized swiss ferrules with a collar on the males with incised slant knurl and trim marks

Never a line has touched this reel

) 3 flats right

Payne 204 Fly Rod 8'6" 3/2 #5 9' The only thing I couldA nice Payne 204, 8'6" 3 piece and 2 tip for a #5 line. Good original condition. Shows signs of light use, i. e., some brassing of oxidation and some bag imprint, but the varnish is not gummy. All sections are full length with tight fitting ferrules. Wrapped brown with black edges. Agate stripper. Spanish cedar slide band seat. Butt cap stamped "E. F. Payne" and on the reverse, "Sold by H&D Folsom Arms Co, E. F. Payne Rod Co New York, Makers".