I have in my hands an old Schwinn road bike, the emblem reads:
Capitol Schwinn Cyclery
... Florida Blvd
Baton Rouge, LA
It's in bad shape - bent and rusted front and rear wheels, missing larger chain ring in front, rusted chain and sprocket hub (5 gears), bent rear deraileur, and some frame rust. It doesn't look like the frame and fork are bent - it seems like a fairly heavy and solid frame.
I don't know a lot about bike mechanics and I've started reading some manuals due to my desire to learn - rebuilding the Schwinn may be a good opportunity. Also, I would like a road bike (with nice components) for commuting. At the moment I'm using a Specialized mountain bike.
Is it worthwhile to rebuild this road bike and learn from it. If so, which components do you recommend I keep and replace? At the moment I'm thinking of keeping the just the frame (after painting it), the fork, handle bar, stem, and seat post. :confused:
Also, for around $200 US, I could pick up a 12-yr old, fully functional Raleigh road bike. If I go this route, I'd be getting old components and wouldn't learn the rebuilding process. :confused:
Any recommendations?. Thanks.