I won't say that I know much about the OP's bike other than it is nothing exotic or high end. I recently restored a Rabeneick 120d, a top of the line racing/touring bike of German origin. The OP's bike is also from Germany and probably late fifties or early sixties. Mine is of 1958 vintage...



Though well made, Rabeneick is a relatively unknown brand in collector's circles. In all my years of collecting and restoring, I have now seen three and two of those three include the OP's. That said, the OP's bike appears to be very original right down to more than presentable paint and art. It is the sort of bike I would like to restore myself, restoring in this instance means clean, polish and lubricate. Replace the consumables (tires, brake pads, cables and cable casings) and ride the bike. I should win the approval and capture the interest of anyone who sees it except my wife.

Nice find