Someone showed me a bicycle yesterday. He said he wanted twenty dollars for it, first, and then I had a look at it.
I told him twenty was more than the bike was worth.
It was a black Iverson, from the mid 1970's. All components were steel, except the brakes, which were classic centerpull style.
Rims were chromed steel, tires dry-rotted.
black electrical tape on the bars (drop bars), more tape on the seat. chromed steel rack with a "mouse trap".
I didn't mean to disappoint the man by telling him the bike was only worth five dollars, but the give-away to the poor quality was where the stays (chain stays and seat stays) met the drop-outs. They were the kind where the stays are crimped onto the dropout, and "permanently" secured with a single spot-weld.
Was I wrong in telling him the bike was only worth $5.00?
It had been kept indoors, or in a garage, in Great Neck, Long Island, so it wasn't rusty.