I have this 1937(?) Raleigh, which I believe is a 27X model (thanks to a forum member for helping identify it).
It's complete but a work in progress. I started doing a few custom touches to it, like relocating the headlamp and tail light, bare metal (the original paint was long gone) but I'm starting to wonder whether I should do a straight-up restoration instead.
It has 28" wheels, hub brakes, full chain case and crazy high gearing! Lovely thing to ride though.
Can't find a lot of information on this particular model. Anyone have experience with them?