bikemig 

I recently acquired a 1980s Raleigh Record Ace. It still has the sticker from the shop in the UK that sold it in Bury St Edmund. I don't believe this model was available in the US. The frame is Reynolds 531. It was clearly a garage queen: there is no paint chipped away on the chain stay; when I opened the bottom bracket, the grease had separated after 40 years but it was clean but the bearing surfaces had very little wear.

It came stock with "alpine" gearing (52/42, 14-28 ultra 6 freewheel). I may install a triple on it; there are no mountains in central Iowa but this would make a good eroica bike as it has generous tire clearance. The bike is very clean on the inside but I went ahead and used frame saver. Then I have to make some decisions as to the build.