What do you know about this old Bear bow?

[Osagetree]

My buddy found this bow in his Grandfathers house after he passed away. He new he was a bowhunter but never saw this bow before now.

I told him I'd ask you guy's about the bow. He never wants to part with it he is just wondering what it's worth and any history behind it. Could Fred have actually handled this 1953 bow? Was this a top of the line bow for its day? Design specifics? Stuff like that.
The black spots are something splattred on the bow and it comed right off. The bow is mint!

[Tom]

Good looking target bow,serial # might give the year but it is probably from the '60's. Good smooth shooters, usually long and light draw weights. Sure that other folks can fill in more info.

[Osagetree]

Thanks Tom, 42# @ 28" made in 1953, that I do know.