New.  Purchased for a 4wt rod that I never completed. Modeled after the popular 4200 series, the fully machined 3200 series is a bit smaller in diameter than the 4200 but still a true large arbor. It has the same concave spool surface as well, for optimal line capacity and drag-assisting smoothness. Lightweight, extremely durable and packed with features you’d expect on higher priced reels, this one just goes out and quietly performs day after day.