TejanoTrackie 

Well, you can essentially buy the same bike as new for the same amount, and you'd be getting the convenience of a modern threadless headset and stem instead of threaded. Threaded is old design and is now only used on some very cheap bikes or perhaps some ultra expensive vintage replicas. See these 2 bikes

http://www.bikesdirect.com/products/...essenger_x.htm

The one on the left is the current Moto Messenger with 1-1/8" threadless stem with the convenience of being flipable, easy headset adjustment and bar removal. It is also a very strong and reliable. The one on the right is the old model with 1" threaded headset and quill stem, that lack the advantages of threadless and you can damage the steerer tube if you overtighten the stem cap bolt. Also, if you want to change the stem your choices are relatively limited compared to 1-1/8" threadless.