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  1. #1
    Senior Member hotbike's Avatar
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    Iverson ten speed

    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.
    http://www.flickr.com/photos/11629987@N02/sets/72157639939606343/

  2. #2
    Senior Member brian3069's Avatar
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    Sounds like your estimate of value was generous, it would cost more to make the bike roadworthy then it would ever be worth. I don't like telling someone their pos has no value. When I run into that situation, I tell him or her that's not the type of bike I'm looking for and move on. Some bike aren't worth saving.
    Last edited by brian3069; 04-25-11 at 07:59 PM.

  3. #3
    Senior Member oldbobcat's Avatar
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    Sometimes a gracious "No thank you" is all that's needed for a truly hopeless project. If your friend persisted, though, no, you weren't out of line.

  4. #4
    DRF aka Thrifty Bill wrk101's Avatar
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    +1 I put a wanted to buy ad in our local neighborhood newsletter. I did mention adult bikes. Well, I got presented some real junkers, I felt I had to take them regardless, so I overpaid for them. Didn't work out as I had hoped.....

    When I try to let someone down, I usually compliment the bike, but either say its not my size, or not the style I am looking for, or something else vague. I don't mention that it is really a POS.

  5. #5
    Senior Member hotbike's Avatar
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    It was funny. This friend, Alan , knocks on my door and tells me he's got a bike, and he only wants twenty dollars for it. I was skeptical from the start. He said someone told him it was worth it just for the parts. I asked who told him it was worth twenty, he said "A Lawyer".

    It was a waste of my time to go outside to look in Alan's car to see the bike. I want those ten minutes of my life back.

    I did in fact tell Alan that the bike was worth nothing, and what I said was: "the most you could possibly get for this bike is five dollars".

    He asked me if he should give it away, and I said "I wouldn't take it if it was for free".

    You could leave this bike without a lock, and no one would steal it.

    Anyway, someone in Great Neck got rid of this POS, and the empty space it took up is worth a lot more than the bike. (Great Neck Real Estate is pricey).

    Yes, the Iverson ten speed is worth nothing. The five dollar estimate I gave was over-generous. You'd really have to pay someone to haul this bike away.
    http://www.flickr.com/photos/11629987@N02/sets/72157639939606343/

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