From the onset, it looks like your standard early dip-less with red taper:

The trim ring adds a nice touch, don't you think?
The nib is an original 5668 with original feed:

You pull the lever up with a coin or fingernail, and the nib and feed release from the holder. Then you can just replace the nib, instead of the whole nib/feed unit. This was a much more economical way for "public" pens in banks, post offices, and the like, to replace bent nibs.
This one is stuck closed, and by the looks of it, I could see these corroding and breaking easily, which is probably why later dip-less were advertised as accepting both this style nib as well as the re-new-point. If true, this partly explains why so few of these pens are seen today.
Incidentally, this one has the Esterbrook Pat Pend Made in USA DIP-LESS imprint, unlike those with the DIP-LESS UNIVERSAL imprint. I wonder if the DIP-LESS UNIVERSAL pens were the answer to this pens problematic feed lever? Antonios? Gerry? Anyone?
Best-
Brian