Joined: Oct 2016
Posts: 854
Likes: 334
From: Cambridge UK
Bikes: 1903 24 spd Sunbeam, 1927 Humber, 3 1930 Raleighs, 2 1940s Sunbeams, 2 1940s Raleighs, Rudge, 1950s Robin Hood, 1958 Claud Butler, 2 1973 Colnago Supers, Eddie Merckx, 2 1980 Holdsworth, EG Bates funny TT bike, another 6 or so 1990s bikes
Throw away the throwaway
Unless they have stood immobile, whilst rusting to that extent, the bearings and their racers will most likely be worn out. Any resurrection using oil and grease will probably crack the ball bearings during the first serious outing.