$775 is way too high. Given the vague description with errors and the poor mechanical condition (it's not "ready for riding," it obviously needs a complete overhaul) of the bike I'd say more like $200 as it sits. I would not bother with ebay and get rid of it locally on craigslist. The cost to ship the bike will cut down your price too much.
Really cool bike, but presented very badly at a price that is over 3x what it should be.