I am looking for a larger frame for a commuter bike. My current ride is a 1990 Lemond Ventoux. Pre Trek, hand made, Columbus tubing, lugged, full 105 group, etc. I love this bike, but my 44 year old back cannot take the bend over position like my 28 year old back did when I bought it. IIRC they were made in Italy and finished by 10 speed drive imports in Las Vegas.
I am thinking Nitto long quill stem, but then I saw this ...

http://denver.craigslist.org/bik/193733330.htmlhttp://denver.craigslist.org/bik/193733330.html

Less then 2 miles from my house. I looked at it on the way home from work. It says Raleigh of America in the fine print and Made in Tiawan. Suntour Friction Shift 12 speed. Diacomp side pulls, 27" Alloy rims, front a little out of true, nutted rear axle. Say 4130 tubing I thought. No way it was $925 new. This is obviously a entry level bike that sold for maybe $200-$250 back in the mid to early eighties. If I remember the Record was always the "cheap" Raleigh.

I rode it an liked the 25" frame and short top tube. I was way more upright then on the Lemond.

What do you guys think it is worth? I was going to offer $75, but he said the lowest he would go is $110. Tell me what you know about Raleigh of America.

I also wonder what my Lemond is worth. Maybe the Pre Trek bikes will become collectable. Mine is cherry. I ride my old Stumpjumper anytime it may rain.

TIA