This is one of the rarest reel that I have and of course wasn't commercially released, it was made by someone. The reel was probably in origin a Maxell silver reel, one of the first designs, almost the same than the common 3 holes from Agfa and ReVox.
The reel presented here is painted in black but with a layer of bright varnish, so the final result is really cool. All the lettering is in gold colour, with the characteristical big "m" of maxell and the brand written too. Lettering is in both sides and placed three times in a 120ยบ configuration.
Pictures worth more than one thousand words:
And here is a video with this reel used as take-up reel in a Teac X-2000R:
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