Here is a picture:  http://img500.imageshack.us/img500/6664/phonograph8af.jpg

And some text from the antique dealer selling this item:

"On the front of the main piece there is written in gold lettering
TRADE MARK Thomas A Edison.There is engraved the #  S36808 on the
upper right hand corner and in 2 other places.The first patent # was 
Dec. 4 1888 and the last was May 31 1898.  There is a case that has 32
reels in it that goes with it and I have 4 more reels.  There is an
engraving on it that states Edison Phonographs sold by Nat'l Phono Co.
To the best of my knowledge it only needs a new belt to again play.
The belt that is on it is very stretched. The reel holder still turns
but to slow to play."

Just a comment-- I've seen thse and similar phonos around at auctions
and antique stores, never for a lot of money, but I've not seen the
"reels." I think the cylinders might be more valuable, depending on
condition and content. Treat them carefully, and good luck.