This one is not as collectable or note worthy as the nice bikes posted here, but it's one I'm happy over...
This came from a late bike advocate/recycler in the East Valley. His yard was full of bikes and old stuff. He'd fix the bikes for kids in the neighborhood. I picked up a handful of parts and some frames. My wife wanted a bike and selected this old school 26x1 3.8" wheeled "Galaxy II 10-speed" for $15. It had sat in the AZ sun for years. She loved all the chrome! So, with some parts from the yard, plus my parts bin, I overhauled it and replaced everything I felt needed an upgrade. I converted it to a towny bike.
The crank didn't spin smoothly, and turned out the bearing cages were in backwards. I replaced the Falcon drivetrain with Suntour. But couldn't remove the Falcon freewheel to complete the job with a Perfect freewheel. All the chrome got polished, new pedals, cables, "Schwinn Approved" alloy calipers, MTB brake levers, an SR aluminum stem, plus a upright bar. I have a springer seat too, but it requires refurbing and de-rusting. Only extra expense was $3 for the BMX style red grips from Niagara.
She's estatic over it, which is why I'm happy, and wanted to post this little milestone in C&V.
I may strip it down and repaint the frame later on since the finish is quite faded.