Had just moved to DE, 4 blocks from the DE River, I was 12. This is my first tackle box, I'll be 70 in Aug. I use some nice plastic molded ones most of the time but every once in awhile this one goes in the truck and I'm 12 again, even if it's only for a couple of hours.
Nice reel, that wasn't cheep when new. I believe it's the same as one my Dad had many years ago. He never had a backlash but the first time he let me use it he ended up having to cut the line off it was so bad. Clean it up and use it!
I have the same reel you have, and probably the same rod too, truth be known; and the same tackle box CMC has. I have so much old fishing gear it is almost a burden.