I'm just getting back into cycling after about a 5 or 6 year hiatus (wasn't too serious before) so I've been lurking around these forums for a couple weeks now. I've been toying with the idea of getting a single speed, because I love the idea of the simplicity. However, I was browsing Craigslist today and found an old Schwinn Le Tour that looks to be in pretty good condition. I contacted the owner and he wasn't sure of the year (says early 1970's after my research I would guess 1974 or 75) and they wanted $250 for it. That seemed a little steep to me so I figured I get some experienced opinions!
Do you guys think that bike is worth that much? I was going to counter offer $100, which from my research seems fair.