Bogdan Model 50 Fly Reel - RHW near mint

For sale here is a Bogdan Model 50 fly reel in near mint condition. Right-hand retrieve. The origin or meaning of engraved crown on the rim is unknown, but it was very nicely done! And the reel is priced $1000 below what it would be without the engraving. Try this "heraldry crowns" link to see if you can find a meaningful connection.

Model 50 specs follow:
Frame diameter 3 1/2"
Spool width 1 5/32"
Line capacity WF9+110
Weight - 9.0 oz.
Direct drive