"Bamboo fly rods had a meteoric fall beginning in 1949 with the advent of fiberglass. Only two kinds of bamboo rods survived--the very high end (Leonard, Payne, Orvis) and the lower end, largely dominated by Japanese imports. You have a rod from the second category, a post-war three piece bamboo fly rod, though I don't believe it was made in Japan. This rod has many of the hallmarks of a Horrocks-Ibbotson model, so I believe it dates to ca. 1955 and (unless it is marked "Made in Japan" somewhere on the rod) was manufactured in Utica, New York. Few people remember Horrocks-Ibbotson, but from the 1930s to the 1970s it was one of the three largest tackle manufacturers in the United States. Post-war bamboo fly rods don't have a lot of collector value, so I suspect your rod is worth around $25-$40 at the high end of the market. I looks like it is in decent shape, so take it out and see if it can still catch fish!"