For sale here is a Ted Godfrey Paradigm Penns Creek fly reel. Left-hand retrieve (can be converted to right). The reel is in near mint condition. There are no scratches on the sideplates or rims, just a couple of marks to the reel foot. 2 3/4" diameter. Frame width is 1.22". Capacity is WF4 + 25yds. Exclusive 10-position adjustable disc drag system. Reel weighs 5.7 oz. including the backing. Comes with a fantastic Arne Mason leather case. An amazing reel and you can get it here without the wait and for less than the current retail price of $1995 plus another $300 for the Mason case.

From Ted's website:
The Paradigm features the powerful, exclusive Godfrey Custom drum drag system with positive 10-position, and lever adjustment that was first introduced in 1986.
The basic design has 20 years field testing around the world: Alaskan silvers, Catskill secretive browns, and Icelandic sea run trout - anywhere fine-tippet finesse angling or sheer power is needed.
Featuring classic nickel silver fittings, smooth adjustable drag, and massive bearings, the Godfrey Custom Paradigm Reels are the finest trout reels available for the serious angler.