The ORVIS Seven Three 7’3” 3 with a JP Red Label rod case and bag, paired with a CFO II reel, is a highly sought-after fly fishing setup, especially among enthusiasts of small-stream and delicate dry-fly fishing. Here’s a breakdown of its key features and value:

1. ORVIS Seven Three 7’3” 3 Rod
– Action & Design: A fast-action, lightweight graphite rod designed for precision casting with small flies.
– Length & Line Weight: At 7 feet 3 inches and a 3 weight, it’s ideal for tight quarters, small streams, and spring creeks where finesse is key.
– JP Red Label: Indicates a Japanese-market exclusive (often higher-grade components or cosmetics).

ORVIS Seven Three 7′ 3” #3 with rod case and bag jp red label, C.F.O II reel set

– Collectibility: Part of ORVIS’s premium “Seven Three” series, known for its craftsmanship and performance.

2. CFO II Reel
– Classic Design: The CFO (C. F. Orvis) series is legendary, with the CFO II being a perfect match for a 3-weight rod.
– Click-and-Pawl Drag: Simple, reliable, and lightweight, ideal for small-fish scenarios.
– Vintage Appeal: Earlier CFO models (pre-1990s) are especially collectible.

3. Rod Case & Bag (JP Red Label)
– High-Quality Protection: The Japanese Red Label suggests premium materials (possibly a hard tube case and a cordura or leather bag).
– Aesthetic Appeal: Often features unique branding or detailing compared to standard ORVIS cases.

Market Value (Estimate)
– Rod Only (JP Red Label): $600–$1,200+ (depending on condition, rarity, and demand).
– CFO II Reel (Mint Condition): $300–$600 (vintage models fetch more).
– Complete Set (Rod + Reel + Case): $1,200–$2,000+ (collectors may pay a premium for pristine, matching sets).

Why It’s Special
– Niche Performance: Perfect for small-stream anglers who value precision.
– ORVIS Heritage: Combines modern graphite performance with classic styling.
– JP Market Exclusivity: Japanese-market ORVIS gear often has unique finishes or higher-grade components.

If you’re looking to buy or sell, consider checking:
– Fly fishing forums (e.g., Fiberglass Flyrodders, Classic Fly Rod Forum).
– Auction sites (eBay, Japan’s Mercari or Yahoo Auctions for JP-market listings).
– Specialty dealers (like The Classic Fly Fisherman, Trout Underground).

Would you like help appraising a specific set or finding one for sale?