3 speeds
I never had an overdrive in a GM car, so don't know how they worked. I know I learned to shift into low gear by double clutching because of some bad clutch linkage. Drove my 52 Merc that way for several weeks due to funds needed to fix it. Didn't have them!!!!!!!!!!!!!! Seems to me if you jerked the ring off the GM synchro, you had no first gear. Or reverse, too, maybe. Still had second and high. Think that's the way it was.
Boy, that was a long time ago. Got my 58 in 61. 45 years. WOW. I remember cuting a hole in the floor and putting a Hurst shifter on it. They were spring loaded to go into second gear. Made it easier to hit second, but easier to jerk the shift ring off the synchro, too.