Payne 204 Fly Rod 8'6" 3/2 #5 9' The first is the reel

The first is the reel seat configuration

This olive version includes the original leather/canvas reel muffin and is in like new condition

Medium full-flexing action

It lays #3 line beautifully and I've fished this same model throughout some of New England's best backcountry brook trout waters

Payne 204 Fly Rod 8'6" 3/2 #5 9' The first is the reelA nice Payne 204, 8'6" 3 piece and 2 tip for a #5 line. Good original condition. Shows signs of light use, i. e., some brassing of oxidation and some bag imprint, but the varnish is not gummy. All sections are full length with tight fitting ferrules. Wrapped brown with black edges. Agate stripper. Spanish cedar slide band seat. Butt cap stamped "E. F. Payne" and on the reverse, "Sold by H&D Folsom Arms Co, E. F. Payne Rod Co New York, Makers".