Antique fishing pole (Black Beauty)

I bought this antique flyrod at an auction today the brand is "Heddon". It looks brand new, never used, has no wear marks, has outside tube (container), has inside cover that protects the fishing pole. It comes apart into two pieces, made by James Heddon's sons in Michigan, printed on the rod by the handle reads "Heddon Pal, Black Beauty, #75- 8 1/2' Cot D". Brand new price tag on outside case says $194.99. I read that this company went out of business in 1956. If I could get more info and a possible appraisal it would be appreciated.