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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Price is fine. I personally avoid cottered cranks. This one would be worth making that conversion if you have access to the parts. Vintage Peugeots are pretty hot in the market Even though this bike has a cottered crank, it is up several steps from the bottom back then, and I have seen the lower ones go for $150 to $200.
Seat post is a nice upgrade (Peugeots had oddball sizing, so its great to get one already upgraded). Stem might still be the AVA death stem, do a search on that topic. If so, a replacement stem is pretty easy to handle, although the french had oddball stem sizing too (you will need to sand off just a tad off a standard sized stem).
Bike itself is pretty attractive, with the white and black lugs. I like it!