On offer I have the classic Penn 712Z spinning real. Possibly the most iconic Penn spinning real and you'll rarely find them in this condition with the paperwork. The bail does tap the tip of the handle on occasion, from my experience this is pretty common and you can either bend the bail to a slightly rounder shape or adjust the angle of it, none of which I will do as it's not a real I use.
It was just displayed on a shelf for a long time. The item "VINTAGE PENN 712Z Spinning Reel Very Good Condition 712 Z USA Made with manual" is in sale since Thursday, December 3, 2020. This item is in the category "Sporting Goods\Fishing\Reels". The seller is "ssa1035" and is located in Lavallette, New Jersey. This item can be shipped worldwide.