Early Waterman pencils are always so neat to look at. This long, slender Waterman 0721 is in surprisingly good shape for 100 years old! Twist the nose cone to advance the 1.1mm lead. It still works well. Unscrew the tail cap to find more old spare leads! The clip and barrel band are gold plated. No cracks or deep scratches mar this black-hard-rubber (ebonite) beauty, but you can see some wear under the clip. Also, sadly, there's some corrosion between the ball and the rest of the clip. Click the headline for close-ups. 13.1cm.