juggernaut, the lure you're describing is a salmon lure called the pearl wobbler. They were popular quite awhile back. Don't know if anyone still fishes them, but when I sold collectible tackle, I sold everyone of them I put in the display case. I priced them at $3-$5, depending on condition. That's about what today's popular lures cost. Any old lure with the original packaging will be worth more.