My neighbor would like to know what it is worth and how old it is? He is looking to sell it. Any help would be greatly appreciated.

New ones are black, old ones red. New they go for @ $59. Great flathead cat reels. A real winch. You could dredge up a Buick with them! I love mine.

Thanks for the reply and info bass or bass. Here are some pics of the reel. Needs some TLC.

Yep, that's the older red model. I had one of those and was getting new line installed on it at a local tackle shop when the guy there dropped it and the levelwind went scooting across the floor. They sent it to Penn who returned a brand new one to me rather than fixing the old one. Good deal for me as I bought the old one at a yard sale for $20. Great customer service from Penn!
My guess is that cleaned up and greased and oiled. it would be worth @ $15-$20.
I 'd clean it up, put a heavy rod under it, and go catfishing!

Thanks again bass or bass? for your help.

Posted By bass or bass? on 12 Mar 2011 08:06 PM
New ones are black, old ones red. New they go for @ $59. Great flathead cat reels. A real winch. You could dredge up a Buick with them! I love mine.

Actually reds were 2nd gen aka higher gear ratio. Black was the original, lower gear ratio and only made a year or so. Other then that they are good. I got one with a bronze spool sitting in storage.

All the new Penns are black with black plastic handles.