I don't know what the herter reel may be valued at, but I've seen the rod valued under $30.00. These were mass produced in Japan and really do not cast very well. It is my understanding that more recent rods from Japan may be much better casting tools.
Just a heads up for anyone who may be considering this rod.
A warm summers rain falls down on a quiet fishing stream
Lined with cabins, smoke straight to the sky
Two ol fishin buddies with never a care
Teasing a trout with a fly.
(Simani, "This Isle of Mine")