Well it definitely should be a fun project. According to the rear derailleur, it's from '78. It seems that more than anything it's just dirty with a little bit of surface rust on a few parts. I'm still thinking about what to do with the wheels. I don't know if it would be worth it to keep the tubular rims and tires. Also, the frame pump doesn't work, so i'll have to see if I can fix that.