Sort of keeping the bike under $100
My progress has been slow on my UE 8 because I had too many other projects to finish up first. Last night I made real progress and installed a cotterless crank (relying on the old cups that came with the cottered crank!) and alloy wheels. The dang bike cost me $100 to begin with. The parts came on various bikes that have come through my shop where I've sold the bikes and kept that parts I wanted. So the cost to me remains at $100 but I realize that this is not exactly kosher under the rules. Go ahead and flame my bike, I still like the way it is coming out, with an ideale saddle and lots of French goodness like a simplex RD, mafac brakes, the dreaded helicomatic rear hub.