Maybe a local shop will take it off for you .... Or just leave it on, dribble some 10w-30 oil in it, give it some spins, and be done with it.
Depends on your plan for the bike. You could upgrade to modern parts like I did above, or pick up a set of wheels in better shape if yours are too far gone.
Last edited by Homebrew01; 02-07-11 at 07:29 AM.