Penn Delmar 285- worth anything
I've been collecting, servicing, and selling Penn conventionals for over 40 yrs. Currently have seven 285 Delmar's still in the box and can tell you they are only worth as much as someone is willing to pay.
Basically, they are quite common and not much more than an entry level general purpose reel. If a collector was desperately seeking a 285M (metal spool) mint in box (MIB), he may pay as much as $30-$35.
The rarer Delmar 286 (which has slightly more line capacity) which Penn made for a short time prior to moving their factory in 1940 sells for $35-$45 MIB. One of my pre WW-II 285's has an original price of $3.75 on the box.
Get real about this reel!
The fact is, this is a very good, durable, dependable reel. I have a few Penn reels, and a LOT of art work. The point is: I collect artwork based upon: "Do I like it?"
Penn Reels, especially vintage ones, are really good quality, and are worth owning if you are a fisherman. These reels are extremely dependable and very much worth owning, and using. Anybody who wants to sell theirs' for less than $30, please contact me, I'll buy 'em sight unseen.
See you in 20 years when these are $100 each.