Here is a direct Link


                              DIRECT LINK CLICK HERE

Henry, thanks for all the great insights on this.  Are you able to share any insights you might have on the approximate years that this transition from Great to Inferior occurred? 

Thanks!!  Great post, appreciate it.

It is difficult to say but when they started making changes and putting New & Improved  in their ads that  meant NEW Maybe but CHEAPER COMPONENT QUALITY .
So in the 60's I think they were Gasping For Air in the OCEAN of REEL MANUFACTURING
  It is clear to me now that PENN made better Quality and Cheaper priced Reels thus contributing to the Demise of old OCEAN CITY Company  plus OCEAN CITY buying out so many other reel companies in the past along with MONTAGUE it just was too much .

Completely Refurbished Ambassadeur 5500 C
This was stripped down to the Gunnels and  ALL Parts  Cleaned, Polished, Lubed and Greased to better than New Condition.
All Corrosion removed ,NEW CARBON TEX DRAGS , Replaced  outer  Spool Bearing . Has New 12 pound Test Mono.
This thing is Smooth as it can be and has a much Higher Drag Rating Now  than factory with the NEW CARBON TEX ones installed .
The Serial Number 89-0  90-91 on Foot according to info makes this Manufactured over 30 years ago !
It has some boat rash but for over 30 years not that bad ........
 

 Others may sell one Cheaper but they know what their Shit is  Worth



























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Here are some Tidbits gathered form various sources on the ol Interweb about the Versatile and Quite Reliable all round  Jigmaster Fishing Reels .
Will add more info and some Pictures as time goes on .

The Jigmaster was introduced around 1959.
 It had red side plates until about 1990 when they were changed to black. The Jigmaster Junior  model 501 which is a narrow version of the regular Jigmaster was introduced around 1965. 
  A Short Run of the 500S was introduced around  1975 and lasted until 1984.
  The 500S was a completely different design in which the left side plate was the side that had the take-apart feature.                     

 The 500S accepted standard Jigmaster spools. In 1986 Penn introduced the 505 Full Size  and the  506 Junior.
 These featured high speed gears (5:1) and ball bearings.
  These reels required Different  Spools to accommodate the NEW  BALL BEARINGS added in the end plates. The original Jigmaster was available with plastic and metal (chrome plated brass) spools. In 1974 Penn introduced aluminum spools for these reels and soon after discontinued both the plastic and brass spools. Jigmaster's are still available today, however in 2006 Penn moved production of all plastic sided reels, including the Jigmaster, to China. Reels made in China, have black side plates and do not say "Made in USA" anywhere on them. The black sided Jigmaster's that were made in USA, say "Made in USA" on either left or right side plates and sometimes on Both Sides .