I believe th Golden Compac rods are from Japan and were made post WWII in 50s/60s. I've seen them on ebay around $25-75. I currently have a Japanese fly rod (not same brand). It has caught fish but is now retired to my desk at the office. The ferrules though bright and shiny seem to be of very brittle metal and cracks easily. If I were to fish yours, I'd check for splits in the boo, cracks in the ferrules and guide thread wraps before I loaded it with 5# or 6# line.
"I envy not him that eats better meat than I do, nor him that is richer, or that wears better clothes than I do; I envy nobody but him, and him only that catches more fish than I do." Izaak Walton
God Bless and Tight Lines ----*<(((>< ~ ~ ~