Not bad hardware store rods. It would be worth a fair bit more than you paid except for one thing. It's a three piece rod of which the tip section was broken in half and the tiptop (top line guide) was reattached to the bottom half of the tip. That completely wrecks the rods "action", and completely wrecks its value. Those old bamboo three-piecers had equal length sections.
But, nothing beats a try but a failure: take it out and fish it. It might surprise you. I knew a guy who would purposely buy cheap split cane rods which typically have very soft slow actions, and then break pieces off the tips until he got it to the point where it presented a more "modern" stiffer faster action. Kind of a bizarre approach to a custom rod but he was fairly successful at it.
