I did some research on the fishing reel that you're asking about.
Comparing that same reel on various websites, it appears that your reel may be worth around the $15-$20 range. However, if it's great condition, and you have the box and paperwork, it could bring around $50-$85. Possibly more to the right collector.
My name Is D.C. My backyard resides on the East Sacramento Delta. Anyhow, I was throwing a 9 inch Cotton Cordell Pencil Popper (red and white in color).