That's an eye opener!? Whoa!! I can't imagine where it could have come from, that the owner didn't notice SOMETHING was unusual about it. Like I've said before, to some people, it's just an old bike. No matter how antique, or nicely made, or historic they might be. They see a little rust, or it's unusable, and it gets thrown out. I imagine this one came from a spring cleaning at an old barn, or someplace similar. NICE find!,,,,,BD