The only thing I can think of spending that much cash on this bike is for nostalgia. Otherwise the cottered crank is sucky and the steel rims are suckier, especially in the rain. And the steel bottom bracket is gonna make that thing extra heavy.

Mercier Galaxy Tour 2012
Why not buy this beaut at bikes direct? Add some rims and a back rack! A lighter more dependable steed with less cost besides, $399.00 new.