'85 Trek 520 61cm Reynolds 501 $300
I just mounted brand new Panaracer Pasela TG tires on it. It has Shimano 600 cranks, brakes, levers, derailleurs and shifters. It is a 15 speed with the low gear that is good for climbing with a load on the rack.
Comes with small Nashbar panniers and without pedals and without the brooks saddle shown in the photo.