$175.00? That is about seventy five dollars too much, in my opinion. Also, it helps to let us know where you live. Market area has a lot to do with vintage bicycle value.
Where I live, bikes like the one in question are refurbished and sold for under a hundred dollars. In Toronto, a large center 1000 miles from Thunder Bay (where I live) the same bike might fetch the $175 but I doubt it.
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"98% of the bikes I buy are projects".