"You've got a great fishing combination -- although it's a bit mismatched when it comes to age. You have a nifty Howald Wonderod, one of the most important developments in modern fishing as the first widely available hollow fiberglass rod. Although it was first offered in 1947, your model dates from the late 1950s. I wasn't sure about the reel so I called my friend Dick "Mr. Zebco" Braun who told me it is a Zebco XLR 35 spinning reel with full bail and reversible handle, sold by the company from 1972-1978. I'm sure this rig has caught a lot of fish. As a collectible, the rod is worth $10-$20 and the Zebco reel about $15 in current condition. But as a piece of family fishing history it is priceless. Rig that baby up with some new line and take it out, and I'm sure this "old reliable" will continue catching fish just like it did for your grandfather."