Originally Posted by
xenologer
Is that a setback seatpost, or is it just bent? Might want to fix that...
It's gotta be bent, otherwise the saddle height couldn't be lowered at all. I agree it needs to be replaced. I wouldn't trust it as it is. And you have to wonder how it got that way, and whether that act caused any other damage to the frame. But in terms of appearances from a single photograph, it looks like a nice, upper-middle level steel bike that looks to be otherwise in decent shape. Miyatas were nice bikes. But $ value? I couldn't say.