Sorry I arrived late for the thread but about a year ago I picked this up at a Goodwill store(sunday afternoon at 2pm with two flat sew-ups that were fine,just needed air) for $15--->
Unfortunately I needed the money badly and ended up selling the thing for $500 to a lady that came by for a couple cheap bicycle tires and spied it leaning against a freezer.It didn't have the original seat and post..the rest was all original from 1978.
A couple days later I spied it on craigs for $700..Oh well.As you can see from that folder I filled the void with several other bikes..LOL!
I found this thread today by searching for a bike I picked up today..a blue Trek Elance 400T for $20 along with a 75' Nishiki 10 speed(too tall..oh well) for the same price at a garage sale.I guess the guy gloating above about his $50 Trek 400 being the "second best deal"..wasn't..LOL
The blue bag and the bicycle pump weren't with it....