"The Clark Water Scout is an old Missouri lure that first appeared in the late 1920s as a hand-carved bass bait, and that received a patent for its unique mouth piece keel in 1934. It went through a number of improvement up until 1966, when it was purchased by Charles Spence, who renamed it the Spence Water Scout and launched Strike King Lure Company to manufacture it. It became a huge hit with tournament anglers, and its success was assured. What you found is a version of this lure called a "Bill Dance Spence Scout" which was used often on Bill Dance's fishing show. It was originally made of wood in the 1980s, which is what I believe you have, but is now made of plastic (and many people complain about this change having effected the action of the lure). They are worth $10-$15 but are certain to go up in value in the future as people start collecting lures from this time period. "