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If it's in mint shape, it only has value to a collector looking to fill out a Penn spinning reel collection. The problem is, most collectors have one already. It's not that rare a find. I think a 704 with the painted "wave" side plate is more valuable. For fishing, the 704 is a better reel. They're almost identical, but have a couple of improvements that made them better.
Now, if you were to find a "lefty" 702, or an original greenie 707 which is the lefty 706, those are two of the rarest Penn Spinfishers out there, and might have triple digit value to a collector.
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Threaded Mode