Somebody went at it with black paint, but it looks in great shape. It could probably use a little cleaning and lube almost everywhere and you have yourself an excellent vintage bike - one o' the best. Get the shop to put some fat tubulars on it, 23-25's - I have had this same bike through a couple of tire sizes and brands to find the bigger tires balance well with the quick response from the top notch Carlton frame. This forum has a lot of opinions on tubular tire brands, and accurate advice on doing it yourself,... but if it is your first round at the party you might invest as much as $50-65 in labor alone to have a shop do the tires for you.
Last edited by Tuc; 08-15-12 at 11:11 PM.