You got a very good deal. The rod is worth much more than $200, even in the current low rod market.

I think a Granger 8040 is more of a DT5/WF6 rod. A 7' Granger would be a DT4/WF5 rod.

I have a Wright & McGill Granger Victory 8040 and had the same problem with the glue on the reel seat drying out. I also have a 9' Victory that needs to be reglued.