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Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries Use this subforum for all requests as to "How much is this vintage bike worth?"Do NOT try to sell it in here, use the Marketplaces.

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Old 07-25-11, 07:33 AM   #1
hamm23
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Raleigh Olympian 502 - Is this a good deal?

http://madison.craigslist.org/bik/2511773917.html

I'm thinking about picking up this Olympian today, not sure the exact size but the owner said it will fit someone around 5'10". Looks to be in decent shape and I like the aero brakes and downtube shifters. Anything I should look out for? Pros vs Cons?
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Old 07-25-11, 07:40 AM   #2
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Hard to go wrong at that price. Hurry it won't last.
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Old 07-25-11, 07:42 AM   #3
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I replied shortly after he posted and have dibs on it, I'll probably pick it up early this afternoon.
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Old 07-25-11, 07:51 AM   #4
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Take an adjustable and allen wrenches with you. Check the seat post and stem to make sure they're not stuck.
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Old 07-25-11, 09:21 AM   #5
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Dibs don't count for much on C/L, I would get over there ASAP. Seller is likely to be bombarded with emails and offers, and the deal could go south on you. Has happened to me many times. Hopefully, the seller will stand behind the agreement.
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Old 07-25-11, 10:02 AM   #6
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Yeah, I'm heading over there shortly to get it. Do you guys have any clue about the year of this bike? The seller doesn't seem to know much about it. He says it a 21" frame, I'm about 5'10" with short legs, might this be too small?
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Old 07-25-11, 11:29 AM   #7
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I had "dibs" on a Trek 620 last Thursday. Before I could take a quick shower and get out of the house. The seller called back and said someone paid him a $100 more then his asking price.
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Old 07-25-11, 12:44 PM   #8
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Well, it's mine now. Even got him down to $42. It looks pretty good, clean at least. Ride-able already. Shifters are Suntour, brake levers are Shimano 105. Might be a bit small...stand over is fine but it feels a bit compact when riding. I had an old Ideale saddle laying around so I threw that on (seat post is backwards in the pic, I know). I'm thinking that I'd like to switch to bar-end shifters, any advice there? Any other upgrades I should look into?

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Old 07-25-11, 01:00 PM   #9
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Might be a bit small...stand over is fine but it feels a bit compact when riding. Any other upgrades I should look into?
You said you are 5'10" and this is a 54cm. You might want to ride it awhile and decide if it fits before starting the upgrade process. If it doesn't fit sell it for $150 and buy something that does.
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Old 07-25-11, 01:33 PM   #10
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If that saddle height fits you, then the bike is way too small. Don't spend money on upgrades. Just clean it up really well, watch for a bike more your size, and pounce. You should do quite well reselling this one. That will fund a bike your size. Make sure you do not have that seat post past the minimum insert line.
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Old 07-25-11, 01:36 PM   #11
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The post was pretty much just sitting in the hole at that pic...I do have to have it pretty high to ride though. I think I'll see if I can get any trades on CL.
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Old 07-25-11, 01:52 PM   #12
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I think I'll see if I can get any trades on CL.
In order to trade you need someone that wants what you have and vice versa. Having cash in your hand to buy would be easier and then you can, as Thrifty Bill says, pounce on it. My 2 worth.
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Old 07-25-11, 03:23 PM   #13
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In order to trade you need someone that wants what you have and vice versa. Having cash in your hand to buy would be easier and then you can, as Thrifty Bill says, pounce on it. My 2 worth.
+1 Cash and pounce is the way to go. You should make a nice profit on that bike!! Trade cash, not bikes.
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Old 07-25-11, 04:07 PM   #14
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I'm gonna ride it for a bit, see how it feels. I really only have about an inch to spare on the stand over height with feet flat. Maybe this 54cm will work for my stumpy legs.
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Old 07-25-11, 04:38 PM   #15
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Sounds like the stand over height is OK. Maybe a longer stem and a setback seatpost. You might be more comfortable stretched out a little bit.
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Old 10-31-11, 03:51 AM   #16
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I've had that bike since early 2010, and I have really enjoyed it.

It's a 1983 with a standard 4130 main triangle with hi-ten fork and stays. Bar-cons work great on this thing, as it has DT braze-ons to guide to cables. The old JIS BB was giving me problems, so I upgraded that to a cartrige system after a couple months of riding.

Your crank arms will be 165mm if the frame is the same size as mine is. Since you are my height, you might want to consider upgrading to a 170mm crank at some point.



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