that isn't bad at all. a metal polish such as autosol and a cotton cloth could take care of that with some hard work. An alternative would be to go to your local marina and get some super fine brass or bronze wool (softer than steel so it won't scratch) and then use a polish after.
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1 Super Record bike, 1 Nuovo Record bike, 1 Pista, 1 Road, 1 Cyclocross/Allrounder, 1 MTB, 1 Touring, 1 Fixed gear