Circa 1940's. This is a super little Hardy 2 7⁄8" trout perfect reel from the mid 40's with leaded finish, and ribbed foot.
The reel has the dup mark two check, and is free from line burns, overall a great reel and so rare in this size.
The reel is stamped 127 internally on reel and winding plate.
The reel has the straight line typeface stamped on the winding plate.