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It has a drag adjustment knob on the front plate that turns an exposed screw and exerts pressure on the center spindle
For sale here is a Bauer LM1 fly reel
The one-off clicker works as intended
The finish is a lovely gunmetal color
Farlow's 3" Perfect-Style Fly Reel 6 Weight It has a drag adjustmentFor sale here is a classic reel from Farlow's of London a 3 inch "Aluminum" model reel Hardy Perfect style. Adjustable caliper check, nice and tight. Beautiful Holdfast logo and maker info stamped on winding plate. Serial number stamped on reel foot. Correct smooth and full length brass foot. Perforated spool. Matching numbers throughout. The ivory handle spins freely. The reel may have been re leaded at some time in its life. Still a fine old
