Rare & Unique Telecast Swivel Fishing Reel. Good Condition !!

Description

Up For Bid Is This Rare Telecast Bait Casting Swivel Reel,  Vintage 1949-1950.
Manufactured by Fihe Enterprises of Burbank, Ca. it's in very good condition throughout, with a smooth action. It still has much of the original paint and wood handle, which is astounding for it's age. It even has a drag and a reel lock. The spring loaded swivel base pivots 90 degrees for casting when lever is depressed. When the lever is released, the reel returns to the retrieve position.
I am in my mid 70's and I have never seen one of these, and could get no help from my old fishing buddies or fishing shops. It's not even listed in Lawson's or other guides to fishing reels. Who really knows how much this is really worth ?? (probably hundreds of $$$)
A great addition to any collection or as an investment or even a novel way to fish !!