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This reel appears to be the model 2 salmon
I'm not sure whether the bag is original but the tube appears to be
Black stripping guide and black snake guides with slight amount of brassing inside the guide
one of which has a slightly flatter taper for use with wet flies
varnished cherry root burl reel seat spacer
Leonard 39-5 Fly Rod 7'6" 2/2 #5 8' This reel appears to beAn H. L. Leonard 39 5 fly rod, 7'6", 2 piece, 2 tip, built for a #5 line. Serial #1968. Medium slow action. Used but good original condition. The serial number indicates a 1974 manufacture date. Wrapped 326 red with green and red edges at the keeper and ferrules. The keeper is 1 flat right and the serial # is 1 flat left. Some crazing to the wraps at the ferrules. Standard wheat straw color and three up node pattern construction. The 11 cork cigar