"You have a very interesting lure called a "Hayden's Multi-Wag" manufactured by Boyd Hayden & Co. of Chestertown, Mass. A "spoon wobbler," as these kinds of metal lures designed to swim like a plastic or wooden lure are often called, the Multi-Wag was very popular in the early 1950s, getting write-ups in magazines such as Popular Mechanics and the New Yorker. It was a "13-in-1" lure in that it came with three additional "quick change fins" made of Nitron, and was made in sizes ranging from fly rod to musky. It was manufactured as early as 1946 and sold through at least 1965, so considering the cut-throat nature of the lure business of the time it must have been a popular lure for its day. It is usually found (like yours) without the extra fins. In its original celluloid tube, it is worth $10-$20. Click here to see the lure as depicted in a 1953 Popular Mechanics article on spin fishing."