Well, I couldn't resist this craigslist $10 bike. The white sparkle banana seat that was mounted to it was priceless (and it's now in the trash). Started out by yanking all the components off of it. A mish-mash of old shimano including some old Dura Ace that will get sold off later. It's destined to be a single speed and I don't know if I'm throwing just a kick brake or the kick with a front brake. I like the look of clean bars. I'll be chucking the old cottered cranks in favor of something a little more sturdy (or at least something that inspires more confidence).
My pictures are on my home computer so I grabbed some from the net. Mine looks (or looked) just like the first 2 pics and is now semi-stripped with the bead blasting cabinet. I have to scrape or soak the labels/stickers off then hit it again. Frame and forks are clean, no real corrosion at all.