Speaking of cheap bikes. I was in the bike shop the other day and the owner showed me something a customer brought in. It was a Schwinn World that he had bought at the Salvation Army for $16.
It look RIGHT OFF the showroom floor. The only "upgrades" to it were really nice tires, an expensive saddle and modern pedals. There wasn't a spot on the chrome anywhere and the paint was flawless.
Think I'll start haunting the Salvation Army again looking for that spotless PX-10 (which made very nice cross conversions.)