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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At the $100 price point, you can't be too choosy. I would head over before someone else does.
As far as what makes it worth more:
Frame: good paint, no dents, made out of a better material (cromoly) vs heavy gas pipe.
Crank: Cotterless alloy
Wheels: alloy rims
Overall condition: Ready to ride (or close). Are you ready and able to do any work on it? A good deal can become a bad deal if you have to pay a shop to rehab the bike (can often exceed the value of the finished bike).
Consumables: tires, cables, and so on are relatively cheap to replace. If they are in good shape, great, if not, not a deal breaker.