Originally Posted by
dddd
Those are the Capella lugs, as used by Raleigh (and possibly Carlton I'd guess).
+1
Mainly used in 1973-74, but showed up on Raleighs in 1972 and probably 1975. They were used on the International, Competition, and Super Course. The rear dropout is forged, so the frame is an International, Competition, or a Carlton-Carlton model. It is not a Super Course. If it's an International, the fork crown and head lugs would be chromed under the repaint, and it would have Campagnolo dropouts. If it is a Competition, it would have Zeus or Huret dropouts, but there was enough variability that it could have something else. Internationals came with an NR group, consistent with what is on there now.
It has a Wagner fork crown, which likely means the fork is original as those were used through the mid 70s.
I'm guessing it's a 1972 International with a bad repaint, but it could be a Competition.
EDIT: In my view, if it's an international, it's definitely worth the $300. If it's a Competition, it
could be worth the $300, but that is really up to the buyer.