Sure, they were quite popular in the 50's -60's. Ocean City actually wasn't a bad reel for it's time. You'll see them from time to time at flea markets and garage sales going anywhere from $3 - $10 depending on condition. If you find a nice one it's worth getting just to have a piece of history.
I found this on the net:
Ocean City specialized in making salt-water reels in Philadelphia, Pa., from 1923 to 1968. During its history, the company absorbed, in 1935, Montague City Rod & Reel Co., Montague City, Mass., and, in 1939, the Edward vom Hofe Co., New York City, which made some of the finest reels on the planet for many years. During its later years, Ocean City produced many baitcasting reels, but none has significant value. The company was bought by the makers of True Temper tackle
Always drink upstream from the herd -----
Hayward Lakes Area, Wi -----
Life member since March 1990 ---- NAHC Life member since December 1996 ----- Endowment Member NRA