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Daiwa Millionaire bait casting reel...

Posted on 4/8/15 at 2:30 pm
Posted by cypressbrake3
Member since Oct 2014
3681 posts
Posted on 4/8/15 at 2:30 pm
I was going through some storage boxes today and found this casting reel I bought new probably 30+ years ago. I never used it.

Is this casting reel hopelessly outdated by now?

It says "2 ball bearings, Hi-Speed and 5HS" on the side.

Anyone have experience with this reel?

This post was edited on 4/8/15 at 2:36 pm
Posted by boom roasted
Member since Sep 2010
28039 posts
Posted on 4/8/15 at 2:45 pm to
Grease/oil it up good and give it a whirl. I like old reels like that. (Not for using, just for talking pieces, etc.)
This post was edited on 4/8/15 at 2:46 pm
Posted by tigersownall
Thibodaux
Member since Sep 2011
15271 posts
Posted on 4/8/15 at 3:20 pm to
post a picture man

Alo this could be a thread for this. I have a penn peerless number 9 I just found in a box that my grandpa had. Got some age on it. I really would like to get this thing in working condition. I don't even know where to begin restoring it. Much less how the reel works in general. Someone school me. I don't think the condition is too bad. Probably just needs some oil.
This post was edited on 4/8/15 at 3:25 pm
Posted by AlxTgr
Kyre Banorg
Member since Oct 2003
81555 posts
Posted on 4/8/15 at 3:51 pm to
Friend of mine used to love them. Very similar to old Ambassadors. if the bearings and little brass plate thingies are good, it should be fine.
Posted by MrCoachKlein
Member since Sep 2010
10302 posts
Posted on 4/8/15 at 3:54 pm to
Nothing better than a vintage open faced
Posted by AlxTgr
Kyre Banorg
Member since Oct 2003
81555 posts
Posted on 4/8/15 at 3:56 pm to
quote:

vintage open faced


Posted by dawg23
Baton Rouge, La
Member since Jul 2011
5065 posts
Posted on 4/8/15 at 9:35 pm to
quote:

Very similar to old Ambassadors. if the bearings and little brass plate thingies are good, it should be fine.
I think the "Millionaire" series was supposed to be the equivalent of the Ambassadeur "C" series. (i.e. the deluxe version of the Daiwa baitcasting reels).

Like Alx said, if the bearings are in good shape (if no oxidation from sitting in storage), you should be GTG. It won't have the magnetic cast control feature that many "modern" reels have, but you shouldn't need that crap anyway.
Posted by 300HOGSLAYER
south of I10
Member since Nov 2014
312 posts
Posted on 4/8/15 at 9:46 pm to
I had a couple of those as a youngster loved those old brown reels then i went high tech to the diawa. "procaster" in the early 80's
Great find CB3
Posted by SenseiBuddy
Ascension Parish
Member since Oct 2005
4440 posts
Posted on 4/8/15 at 10:26 pm to
My dad did for years!, had his stolen! If you still have it it would make an awesome bday gift!!

I'd like to buy it!

back in the early 80s someone stole all the dads fishing equipment including his Daisha millionaire. He still tells that story all the time. He even still has the box it came in with the spare parts that came with it
This post was edited on 4/8/15 at 10:34 pm
Posted by Shexter
Prairieville
Member since Feb 2014
13815 posts
Posted on 4/8/15 at 10:40 pm to
It is hopelessly outdated. The fish will know on the first cast.
Posted by Ole Geauxt
KnowLa.
Member since Dec 2007
50880 posts
Posted on 4/9/15 at 6:50 am to
quote:

Daiwa Millionaire bait casting reel...
probably 30+ years ago.


Well, all of my Daiwas and Ambassadeurs, which are all that I have, are at least 30 years old.

Eta: oops, forgot about a rod n' reel combo that nascarfan forced me to buy last year at academy. He said I could fish with it for a few years and then take it back to academy.
This post was edited on 4/9/15 at 6:54 am
Posted by bobaftt1212
Hills of TN
Member since Mar 2013
1313 posts
Posted on 4/9/15 at 7:26 am to
you may want to see if it has collectible value before you fish with it. Being new in the box never used it might be valuable.
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