Originally Posted by PennyTheDog

It depends a lot on the city, so I'd agree that checking craigslist for prices is a good idea. Just remember: the prices you see are what people are asking, not necessarily what anyone is willing to pay! In Minneapolis, I just sold a 1990 Trek Antelope mountain bike. I replaced all the cables, the shifters, and the brake levers, and everything worked great. I started at $150, and had to lower my price over a couple weeks before someone finally bought it at $120.