Yes and no -- a tale of two Capos, relatively rare ca. 1960 fairly high-end Austrian bikes. Full Reynolds 531 framesets with ornate lugwork, originally equipped with high-flange Campag. hubs, Campag. Gran Sport derailleurs, Weinmann 999 brakesets, but cottered steel cranks, steel seatposts, and stamped dropouts.
S/N 40324: purchased for $20

with aftermarket BikeNashbar wheels

, aftermarket Nervar Star crankset

, and mediocre repaint job, plus unserviceably worn-out front derailleur.
Repainted, updated, and upgraded (aluminum Campag. seatpost, ca. 1980 Campag. derailleurs).
S/N 42624: purchased for alot more $, with virtually all original components.
Cleaning and touching up paint. Replacing rims, spokes, brake cables, brake pads. Replacing chainrings with NOS period-correct Simplex aluminum 49-46; original would have been Agrati steel 52-48, but mine came with Simplex 58 (anyone want it???) - 45. Agonizing over tubulars (OEM on this specific model) versus clinchers (OEM on the other model).