Before I start this, let me give a bit of a disclaimer. This has nothing to do with fixed gear. The only reason I am posting here is that you people seem like nice guys and you know what you are talking about.
Anyway, here is the question. I have an bike that I consider to be a bit of a beater. It is a 97 Gary Fisher mtn bike onto which I placed fenders and small slick tires then proceeded to beat to hell. I am trying to get rid of it by way of giving it to a friend of mine. Unfortunately he is gainfully employed (unlike most people I know) and insists on paying me. I need to know what this bike is worth.
Here is the score. it has a pretty damn good double butted cromo frame. The bad news is that it desperately needs a new front wheel, brake cables, and a chain. Somewhat less desperately it needs a new large chainring, derailer cables cassette and pedals.
I have told him that I will do the work on it for the price of parts, what can I possibly charge this fellow that will relieve his conscience and not be ripping him off.