If someone could help get a better idea of the value of this I'd much appreciate it. I get anywhere from $150 to $1200 from Google research...I suspect it's value range is a bit tighter!
So, this was my bike as a kid - it was bought used around 1982. My parents stored it in the garage afterwards until two years ago they gave it to me. I got it into riding condition for my son, but now he's ready for a "real bike"...you know, one with gears and that doesn't weight half a ton!
So when I got I replaced rear shocks, handlebars, and seat with new parts...still have the original parts as shown. The rear tire tread became unusable so that was switched for a generic drum brake tike. Originals in pic also. The chrome is somewhat rusty and the bike well used but currently in good riding condition. I repacked all the bearings and cleaned out the brake when I fixed it up. serial #LH527950.
Those auctions are for 5-speed Krates. The OP has the single speed version.
Taking a second look at the pics I would estimate closer to $300 to $400 in it's current condition. The "upgraded" parts detract from the look and spirt of the original design.
I can certainly put the original parts back on if that will help it's value! Thanks for all the replies so far. I think it makes sense that the $900+ upper end valuations are for the 5-speed and/or ones with a front tire drum brake. This is a more basic model.