I know I am always posting things about Penn but I like other reels from time to time. here's one that I just got on EBay and was pleasantly surprised with how it cleaned up.
I bid it because it caught my interest. I am not a Meisselbach collector but do like them. After I cleaned it, I discovered that this reel is built like a watch. It has many features and is very tricky to operate. I also feel that it could cause a Reel Mechanic to pull his hair out trying to repair it if it was damaged. Luckily, this one operates fine, it was just dirty.

The name Neptune is stamped into the Bakelite on the head plate. The common slot screw seen sticking out under the handle is actually a push button control for the free spool mode.

Unmistakable Meisselbach style spool and all German Silver construction. This reel is small for a salt water reel, maybe 150 yard capacity. The head plate is 2 3/4 inches in diameter and the width from the outside of the plates is 2 3/8 inches. It is about the size of a Penn 190.

The upper sliding button puts the reel in and out of anti-reverse. The lower sliding button is the clicker.
There are three separate patent dates on the lower portion of the tail plate.

The bottom of the stand is stamped A.F.Meisselbach & Bro., Newark, N.J. which according to the information on the wonderful website: OldFishingStuff.com this reel was made between 1906 and 1917.

Inside the head plate is a mechanical wonder. This mechanism allows the handle to be slid forward to disengage it from the spool, creating a free spool mode for casting when the top button on the tail plate is slid forward. The operation of the reel takes some getting used to but it works like a charm.

The wires and spring in the tail plate are also a fine piece of work.
I found this to be a very interesting reel and would like more info on it if some one might be familar with its history.
Thanks for getting this far in my post.