Couple of years ago I stumbled upon a nice Falcon frame on local CL. Bought it, was good condition structurally but cosmetically it was in rather poor shape. It went through several builds and I ended up stripping it and building it into a fixie. Sold to a lucky guy and regretted ever since (should have kept it, should have never strip and repaint, etc - what an idiot!!!).
I was looking for exact same frame ever since. Not only did I like how it rode but I also got to see the quality of the welding and beautiful craftsmanship (as I completely removed old paint for repaint).
Long story short - was checking Kijiji (classifieds site popular in Canada) yesterday (just casually as my hands are full with building Bianchi CDI) and what do you know - exact same Falcon, in my size, way better condition and from the same seller!

Picked it up in the afternoon, had all parts ready since the morning and draft build is done! Frame, fork and headset tipped the scale at right around 2600g, seller told me frame by itself was ~1900g.
Pictures don't do this frame justice - color is very rich red and just shines in the sun. Pictures below and I have one question (see my next post).
Full Reynolds 531C, original group was Campy Victory