Join Date: Nov 2006
Location: NJ, NYC, LI
Bikes: 1940s Fothergill, 1959 Allegro Special, 1963? Claud Butler Olympic Sprint, Lambert 'Clubman', 1974 Fuji "the Ace", 1976 Holdsworth 650b conversion rando bike, 1983 Trek 720 tourer, 1984 Counterpoint Opus II, 1993 Basso Gap, 2010 Downtube 8h, and...
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Originally Posted by Panthers007
Most of those old Columbia bikes weigh a ton, and are endowed with very poor components...
Well, it probably does weigh a ton, but the components on it are probably serviceable. Is that a Sturmey Archer AW hub? If so, nothing wrong with that! (if it's a Shimano 333, and it gives you trouble, that's a problem). And are those Dia-Compe brakes? Again, nothing wrong with that.
All that said... the paint looks fine to me. In my experience, changing the color does not change the bike enough to be worth the effort.
If the cog on the rear wheel has 18 teeth (as is likely), I would suggest changing it to something bigger, somewhere around 22T. You may have to add a link or two to the chain, but it's really worth it; makes the bike feel a lot lighter.
If you want to do more than that, changing the rims to aluminum ones makes a big difference, both in weight and braking; and if you do that, you might as well change the front hub too, assuming it's a Wald or Union or other cheapie.