I got my rod yesterday. It is a Piranha fibreglass solid tip 70 Estuary Action rod 20-40GR. It is a 2 piece rod, which came in a red cloth bag. It has 6 guides. The top 6" of the rod is "clear".
The base of the rod is a very cheap looking plastic. The bottom end of the rod has a plastic screw out cap, which enables small items (e.g. swivels, to be stored inside the hollow plastic handle grip. The guides appear to be made of (average quality) plastic and are well bound to the rod.
It's certainly not a "top-of-the-range" rod - but it's not a "kids toy" either.
As to the value of the rod - I am certainly no expert in these matters, but I would say that it is worth a lot less than $ 189 - Min. $ 30 Maximum
$ 60.
It will be a useful estuary rod which I will certainly use.