YOU SEE THESE FROM TIME TO TIME ON E-BAY AND A FEW AUCTION SITES 
 
   
  THESE WERE BUILT IN JAPAN OVER 60 YEARS AGO FROM AMERICAN MADE PENN PARTS BUT WERE NEVER SOLD IN AMERICA WITH THE PENN NAME ON THEM .

 Here is some info I got from research

Penn wanted to get in the Closed Face Reel Market with their own Models in the early 60's. . 
    They asked  Daiwa to make the parts, and shipped back to  Penn for assembly. These Penn Closed Face  were built, boxed and stored away in a back room at the Penn factory. Several years later a few did escape and make it into circulation, but Daiwa still had parts to make more, so they were painted different colors and rebranded as a Daiwa reel. These Daiwa reels were only sold in Japan. The early versions of these Daiwa reels even came with a cloth pouch that proudly confirms the Penn/Daiwa connection.


This is from the late
 Dick Braun in 2016
The Penn 410,420, & 430 were never marketed by Penn. The story that I've heard and been told is one of the Penn Family was a WWII prisoner of was in Japan and when he found out that the parts were built there he forbid the sale of the reels as long as he lived. When he passed they were sold to a buyer in Florida with a contract/ understanding that the Penn emblem on the side of the reel had to be removed before the reels could be sold. That buyer died suddenly and when they were resold the stipulation on the emblem didn't follow through to the new buyer and that is why you can find them with the emblem still attached. In the Penn headquarters there is a Black one in their show case but it's turned the wrong direction and we have not been able to see the side with the emblem and a number assigned to the reel. A mystery that we are still working on. The original year that they were all built is out there but memory at the moment fails me. Hope the above info helps.


  I bought a box at a Recent NFLCC MEET from an 80 + year old collector from Florida  who bought those that were bought by the Deceased Dealer ! They had been stored in his Basement for over 60  years the Story Goes and is evident by some water staining on some of the Boxes .

 They are all Metal including the side Cover.
 On the bottom of the Foot is stamped
            ASSEMBLED by PENN REELS FROM PARTS MADE IN JAPAN

 One to a Customer $255.00  Insured and Shipped  U.S. only and to Members Here.
MESSAGE ME TO PURCHASE

CLICK ON IMAGE TO ENLARGE


 

I have over 2500 Simano Parts I got from a Closed out  Store a few years back .
i Have not catalogued nearly 1/10th of then but will dig around and see .
 I have never had one of those actually fail but apparently yours did ?

Just as it say .
       
 Penn went BELLY UP in 2003 a lil info I was unaware of  untill recently and several companies up to now availed themselves to  the Company
            More On the way soon

I recently acquired a Penn 349HC Master Mariner off the Bay with some interesting oddities .
Looks BRAND NEW .Came with Box .Warranty Card,some advertising papers,tissue paper,wrench,Grease Tube and a #18 Catalog .Box says 349HC on it .
 
 The A/R was non functional and the Clicker did not work


When I tore into it I found that they had neglected to install the Clicker Spring and just left it laying inside the Plate with the  2 Attaching screws just rolling around with it .
 Have pix and will post more about it later...........

  Here  are some pix No special order ....

This shows the Clicker Ring just Floatin around inside the Side Plate with the 2  Screws NEVER INSTALLED




The original Grease had Hardened enough o Keep the A/R/Dog from moving in Place. Simple Fix





Clearly NEVER or RARELY EVER USED From looking at the Drags and Gear



   Faded Sticker says Ratio 3 1/4 To 1

!!! PICTORIAL OF UPGRADES  ARIVING SOON !!!
                                     SO IT BEGINS

                              I Started with a Donor
reel off E-Bay paid @ 80 Bux Shipped
                           
                       CLICK ON IMAGES TO ENLARGE

I got Real  lucky and this Reel had an Aluminum Spool






                                                       Then Just Rip  it Apart





MORE L8TR

KIT FROM CORTEZ CONVERSIONS.COM



Kit comes with Frame  and Rod Clamp ,

         SIDE PLATES are  Bought   Separate and come  with basic Hardware for Clicker , Bushing for Free Spool Eccentric Side Plate Screws.Stainless Top Cross Bar with 2 Allen Screws , LUGS , and Bearings

                            You will need to use your Donor Reels Parts or buy NEW as Follows 
   
Spool,Eccentric and Retainer(NUT),Saddle,Yoke,Bridge and Sleeve, Bridge Mounting Screws, Gears, Drags ,Handle and (NUT)

( The CORTEZ Aluminum Plaes ONLY HAVE 2 HARNESS LUG SLOTS) WHERE MY DONOR REEL HAD 4
 
   I installed ALL NEW PARTS except for the Yoke and saddle which I hand polished  which may or may not help when engaging
and dis engaging but it sure looks Purdy..... also installed  Stainless Dual Anti Reverse Dogs,and Custom Two Position Power Handle from Gomexus (yep it is made in China but Half the price of others ) and a GOOD QUALITY Handle .






 New Gears,and other Goodies







Here is a pic of the gears and Dogs (NOT THE ONES I FINISHED WITH )
 
            !!!!More on this later Below!!!!




Good idea to grease ALL the Screws in ANY rebuild especially in ALUMINUM STUFF










 Finished CORTEZ  115 9/0 next to a Tiburon FRAME  PENN 6/0 114 HW WITH CORTEZ SIDE PLATES




I will add more pix of this Build soon showing the STAINLESS DOGS differences from the ones above and some other stuff.

                   COMMENTS AND OR QUESTIONS ARE WELCOME