The reel isn't a Medalist, it's a South Bend Finalist 1133.  Similar appearance but very different and somewhat unique two-stage drag system.  Shakespeare made most of the South Bend reels or so I'm told.  It pairs up well with my old South Bend 7-1/2' 290.  Horses for courses; no need for an 8/9 weight or a reel you can thumb on these fellas 

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I had a full range of Medalists but I sold most of them.  I kept a 1492 because it's so darn cute, and a 1494 for an old 6wt H&I glass rod.  I agree, Richard; they look great on a vintage glass or bamboo rod and they're as good a reel as you need.