Joined: Oct 2011
Posts: 625
Likes: 45
From: Youngstown, OH
Bikes: '63 Schwinn American, '64 DL-1, '65 Schwinn Racer, '73 Super Course, '83 Voyageur SP, '89 Miyata 914, '03 EZ-1, '13 Raleigh i8 Folder
Yeah, that's absolutely too much. I had one last year and I struggled to get $125 out of it on Craigslist. That one is in nicer shape than the one I had, but I'd still say $200 max, if it fits you properly.