The adjustable lip could be set to six different positions as shown in this 1985 Abu Garcia catalog illustration so the lure's depth could be set from very deep to surface popping and various steps in-between.
This lure is known to come in six different configurations. They are:
65mm (approx.2-5/8")(12 grams) Sinking (bottom lure shown above)
80mm (approx. 3-1/8")(18 grams) Sinking (middle lure shown above)
90mm (approx. 3-1/2")(20 grams) Jointed Sinking
110mm (approx. 4-1/4")(26 grams) Sinking
110mm (approx. 4-1/4")(26 grams) Floating (top two lures shown above)
150mm (approx. 6")(40 grams) Floating Musky Size
Of the six sizes, the Heddon came only in the 80mm size that I know of.
Colors for this lure in the earlier versions tended to be the more common colors and include Pike Scale (M), Silver Shore (XRS), Black Shore (XBW), Yellow Shore (XRY), Perch Scale (YP or L) and White, Red Head (RH). In later years, other colors have been added. These include:
Brownish Yellow w/red spots (T)(also called Trout Scale)(2nd lure from top pictured above)
Brown & Orange (BO)
Blue Flanks, Dark Back (BGL)(also called Bluegill)
Luminous (LYS)(also called Fluor)
Black & Yellow (BY)(top lure pictured above)
From a collecting standpoint, the Heddon marked Hi-Lo's are the more sought-after and have a value I would estimate between $25-$35. Abu Hi-Lo's tend to run from $15 to $30 but one should be aware that Abu continues to make the Hi-Lo line of lures for the overseas market, although on a somewhat erratic basis as they are not always listed in their catalogs. Both tend to get more in tougher colors and with boxes.
(Author's note: I would like to thank Mike Stevens of Pennsylvania and especially Greg Wirth of Australia for the materials they provided me!)
Here are three more recent photos of an Abu Hi-Lo that is available for sale on My Bait Shop. You can see the box it came in as well.
This unknown lure was sent to me by fellow collector and NFLCC member Tom Wight.
UNKNOWN UPDATE: Two of my fine readers identified the lure as a Joe Pepper lure!
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