I was actually rather foolish and paid like $200 for the darn thing, because it was set up as a fixie at the time. Almost all the components are off a Bianchi Strada LX that I got for free. I wound up selling that frame and some fixie parts for more than I paid for the Schwinn... The rack is actually OEM Schwinn off an 80s Traveler(aluminum rack), and I sold the traveler Sans-rack for like $130. I haven't done the math, but if I hadn't felt compelled to change the saddle I think I'd nearly be in this at a profit.