I paid $140 for my 1977 Schwinn Le Tour II, red, 23" sized bike. It had been fully rehabbed, and had newer alloy rims, alloy seat post, and newer seat and tires installed. A lot of people would think I'm crazy for spending that much on a hi-ten bike. I guess I justified it this way... it would cost $80 to have any bike overhauled, the wheels/tires themselves were probably worth $30-40. Thus, the bike portion itself was about $20-30. Hope this history helps you.