For sale here is a Peerless 1.5 fly reel. Plenty of cosmetic marks on the reel, but it remains in excellent mechanical condition with a fully functional adjustable drag. Designed for a 4 or 5 weight line. 3" diameter. The reel weighs 4.9 oz. The reel's line capacity is a DT5 plus 30 yards of backing. The reel comes with an excellent condition Cortland Peach DT5 and backing.