That's a Rossin Record. The frame is really quite high quality. Others have pointed out the issues with the components. I would say frame is worth about $200 or more.
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70 Pogliaghi ItalCorse, 72 De Rosa, 72 Masi Gran Criterium, 75 Masi Gran Criterium, 77 Melton, 79 Bianchi Super Leggera, 79 Gios Super Record, 81 Picchio Special, 82 Guerciotti Super Record, 82 Colnago Profil CX, 83 Colnago Superissimo, 84 Fuso