Nice looking find.

I agree as well....... I don't even test ride a vintage bike when I am looking to buy. "Bench test" all moving parts before purchase then overhaul all bearings before riding it anywhere. I have been able to salvage plenty of bearings and cups with this mentality. My theory is that the bearings where probably okay when the bike was parked and the grease has since hardened. Seems to ring true so far, of course I have the thrashed bearings and cups as well.