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The dispensing holes have a rubber gasket to provide a bit of resistance to prevent the spool from unraveling
Per the Leonard catalog
Parametric
The reel may have been re-leaded at some time in its life
Bogdan Model 00 Fly Reel 8'6" The dispensing holes have aA superb Bogdan 00 single action salmon reel, 3 1 4" and set up for RHW. This 00 was one of Stan's lighter models, designated as a reel for grilse or large sea trout. It weighs 8. 1 ounces on my scale, and has a 1. 15" spool width, designed to hold a #7 weight line. This reel is in mint, unused condition. Silver anodized frame and spool with black sideplates and clear anodized crank, foot, oil port cover, poacher's knob, and Bogdan nameplate. Single
