Wow. Thanks for all the information. I am really floored that you all can tell so much from a couple phone pictures.
Regardless of how much the bike is now (not) worth. I am super excited to see how this thread has evolved.
To the credit of the guy at the bike coop who said the derailiers were worth something. He did a little research on his phone while we were standing there, and estimated from there. Maybe he did not spec it right.
Truly, it does not matter what it is worth.
What I am in need of is a bike for around town. I have this one and although it is really heavy for a road bike, the question I pose to you all is should I fix it or scrap/sell it. It is surprisingly in good shape and to get it going at this point all i need is new tires/tubes and to do a little maintenance on the brakes/shifters.
Is it worth it?