I have a Madison 7/8 that I still use for my sinking line. I believe it is equivalent to the Orvis Battenkill that they are selling now for $79. My old Madison was $50 as I recall. As long as all the parts are there it should be just fine. After 20 years, the only bad thing to happen tomine is that the drag knob fell off.
To Miss Nancy - she hated fishing, but loved a fisherman.