Join Date: Nov 2004
Location: Between the mountains and the lake.
Bikes: 8 bikes - one for each day of the week!
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I've seen kids race on worse bikes. I'd say you got an excellent deal, but $5 is awfully cheap. Have it checked out by someone in the know, and then ride the crap out of it. If you're not gonna ride it yourself, or don't have a future champ running around your house, give it to a neighbor's kid, or some needy kid, and reward yourself with a bit of good karma. Since it was so cheap, do a good deed instead of turning it over for profit. Sorry to be preachy.
Now, on to your questions. I don't know much about BMX, as they've changed the rules since I last rode one 20 years ago. I do see what looks like a threadless headset, 3 piece cranks, decent pedals, and the red brake makes me think it's probably a Shimano DX. Doesn't help with the age, but that's decent spec, and certainly not an entry level bike.