DRF aka Thrifty Bill
Join Date: Jan 2008
Location: The NC Mountains
Bikes: 86 Katakura Silk, 87 Prologue, 87 Cimarron, 14 frame school custom, 73 Paramount
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+1 Not worth flipping, as it needs a lot of work, more than the value of the finished product probably.
But +1 if you are looking for a project, could be a fun one, and finished, it will be a good looking bike.
The basic clean up of an old bike: tires, tubes, cables, bar tape, seat, and so on, costs about the same, whether you will end up with a $75 bike or a $400 bike.