I stripped down my mom's mid 1980s Canada-built Raleigh Sprite mixte last spring and built it back up as a 3-speed (formerly 5-speed derailleur system). It had its maiden voyage last September, but I just mounted and wired up the lighting system last night and took some pictures today. I realized I ordered the new wheelset on April 27, 2011, so it's been almost exactly a year in the making. I've always been enamoured with the Raleigh Superbe, so that served as the inspiration for 3-speed-izing and dynamo-izing the Sprite, rather than restoring it.
The rear wheel has a new Sturmey Archer SRF3 3-speed hub with trigger shifter (very nice) and the front has a Sanyo H27 dynamo hub, which is remarkably good looking for the $35 it cost. The brakes, stem and crankset are original, and polished up nicely (probably shinier than their original finish!). The wheels, pedals, seat post, saddle, handlebars and brake levers are new. The frame and fenders are in their original black and the finish is quite well perserved considering the 25+ years the bike's been sitting in a damp barn basement.
The light set consists of a Sturmey Archer headlamp and a Luxor taillight. Sadly, the Sturmey taillight that completed the set was stolen from my wife's previous bike (long story), so I had to resort to the Luxor, which still looks pretty nice, despite belonging to a different era and style of bicycle. The guts are upgraded with LEDs and a supercapacitor-based standlight. The taillight is ridiculously bright, which I'm very pleased about.
A couple of other noteworthy things: the lamp bracket (which I described in another thread) is custom as an original Raleigh-style headset bracket didn't work with the SR stem. Also, the 700C wheel upgrade meant there was a brake reach problem. I really liked the original Tourney brake set so I opted to have a drop bolt fabricated to get the original brakes to work with 700C wheels (for less than the price of long reach Tektros, I should add...). It's barely noticeable and, thus far, seems to work well.
Now it just needs some serious miles put on it to make sure everything holds together/
Unfortunately, this bike is for my wife.
The pictures: Full set on Flickr.