When I got my KHS Aero it came with what I thing was the stock wheelset (some no name brushed aluminum high flange hubs laced to Sun M14A rims). The problem is the original owner JB Welded the cog and lockring on there and the cog is just about toast. It's a fixed/free hub and the freewheel side is clean. The hubs are nothing special but they roll and they're 3x wheels front and back, but the fixed side is basically done unless I want run the free side as a suicide hub which I'm not keen on.
I picked up some Miche hubs a while back with the plan of either building them up myself (would be my first wheel build attempt) or having my favorite shop do it. The hubs were a good deal, but the rest not so much so I put the whole idea on hold until I could save some more money. I finally got the money together when I spied a deal on some Phil/Open Pro Wheels that was too good to pass up (as in less than I was quoted to build up the Miches) so like any sensible bike nerd I snagged them before somebody else did.
Now I have an extra 120mm spaced 36h wheelset with no-name hubs and what appear to be so-so rims (about $22 each on ebay) and a toasted fixed side and a pair of 36h hubs sitting in a box. I'm not sure rebuilding on these rims is worth it but I would still like to build up the Miches and my job situation is pretty sketchy so I'm trying to save like a mother****er in the event that something nasty happens.
I'm thinking of just putting these wheels up on craigslist as singlespeed (lots of people out there with flip flop hubs that never use the fixed side) and seeing if anybody bites, with full disclosure about the ****ed fixed side and use that money towards the purchase of some nicer rims or a wheelbuilding class or a copy of "The Bicycle Wheel" (or booze).