Originally Posted by
bark_eater
Yea you paid to much. Depending on the time you have and your inclination, I'd suggest completely disassembling the bike and cleaning up all the components and do your research on on each part. Then you can look them up on eBay and do the math that might offset your "loss". The frame can be stripped, soaked and sanded to to determine weather its safe enough to ride. If yes , get it powder coated for $100. If not take that $100 and shop for a frame, as you already have a start on components.
The OP paid about $160 USD for this bike -- if the rest of the frame is ok and components are generally solid I'd say he's ok -- the fork photos do not look too bad to me. Was it a screaming Deal? No. Did he overpay? Judgement call. He's got that much or more in components (photos dark so hard to say what shape they're in, but assuming decent), and is getting to tinker and learn. If he overpaid it's not by much -- not a big deal in the overall scheme of things. OP, I think you're ok -- fix and ride!