Join Date: Jun 2013
Location: Cedar Rapids, IA
Bikes: 1997 Rivendell Road Standard 650b conversion (tourer), 1988 Schwinn Project KOM-10 (gravel/tour), 2013 Foundry Auger disc (gravel), 2016 Cannondale Fat CAAD 2 (MTB/winter)
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You may get more info by posting this to the Classic & Vintage Appraisals thread: Classic and Vintage Bicycles: What's it Worth? Appraisals and Inquiries
I'm not familiar with the brand, but this bike has all the hallmarks of a cheap bike boom (early 70s) ride. It was probably mass-produced by Puch in Austria and then marked with a department store brand (like Free Spirit at Sears).
* Stem shifters -- though they work well, they were equipped on low-end bikes
* stamped dropouts -- the rear dropouts are flat steel, punched into shape. Higher-end bikes will have more 3-dimensional, forged ones.
* gas-pipe tubing -- though I can't see for sure, the lack of any tubing decals on the frame (and the other evidence) mean it's probably made of heavy, cheap steel.
Value: $50 or less, if it's rideable. A high-end bike from the same era may bring $500 or more, but this was the equivalent of a Wal-mart bike in its day.
That said, these bikes can be ok for flat-ground, relaxed riding. They're easy to repair and have classic appeal. But they aren't worth much.
Donate it to the local bike co-op, and try to help her find a used hybrid from a big name manufacturer.