"At first glance, it would appear you have an iconic lure known as the Spoonplug, invented by the late Buck Perry in the immediate aftermath of World War II. Perry, a pioneer in structure fishing, was granted a patent for his lure on April 15, 1947 and it became a very big seller, as it did (and does) catch fish. When the patent ran out in 1964, however, a number of companies began manufacturing knock-off versions of the Spoonplug. You have a pair of such lures dating from ca. 1970 sold by one of the kings of the knock-off tackle world, George Leonard Herter of Waseca, Minnesota. There was a time when two generations of sportsmen would eagerly await the annual Herter's catalog, filled with every outdoor and tackle item under the sun, all complete with his breathless prose (every lure was the greatest fish catcher ever invented). I'd value these lures at $5-$10 each, which is a nice return on your $1 investment. And I'm sure if you took them out, they would catch fish! To learn more about the eccentric G.L. Herter, click here."