It sounds like you’re describing a Vintage LM Dickson 4-piece fly rod with a padded case—a potentially collectible and high-quality fly fishing rod. Here’s what you might want to know:

Key Features:
1. Brand/Model – “LM Dickson” (possibly a vintage or lesser-known maker; verify spelling, as it might be a typo for a more familiar brand like Hardy, Orvis, or Leonard).
2. 4-Piece Design – Travel-friendly, breaks down for easy transport.

VINTAGE LM DICKSEN 4 PIECE FLY ROD WITH PADDED CASE

3. Padded Case – Suggests it was a premium offering, protecting the rod during storage/travel.

What to Check:
– Condition: Look for cracks, loose guides, or worn wraps. Vintage rods can be fragile.
– Markings: Check for labels, serial numbers, or engravings to confirm authenticity and era.
– Action/Weight: Older rods may have a slower action (full-flex) suited for traditional casting.

Potential Value:
– If authentic and in good condition, vintage fly rods can range from $100–$500+, depending on rarity and brand.
– Lesser-known makers might have niche appeal; research comparable sales (eBay, vintage tackle forums).

Next Steps:
1. Research the Brand: Look for catalogs or archives of vintage fishing gear.
2. Consult Experts: Try forums like [The Classic Fly Rod Forum](http://classicflyrodforum.com).
3. Appraisal: Consider a specialist (e.g., Lang’s Auctions for high-end tackle).

If you’re looking to sell, restore, or use it, condition is everything! Share photos or more details if you need help identifying it.

Would you like assistance finding similar models or historical references?