I've definately got the bug and want to get into fixed gear riding after reading this forum.

Here's my dilema. I have an old Univega Supra Sport lugged steel frame that I bought for $40. I'm not crazy about the blah gold pain. Should I convert this or buy a new entry level bike?

I'd probably spend ~$140 for a new wheelset, ~30 for a lockring and cog, CR bolts ~$10 and possibly new bars and levers for about 60 bucks. Painting a bike seems iffy from what I've read here. Considering I could get the Mercier you all write highly of for 349 what do you think?

Is it foolish to fix up the old bike? It would eventually cost about the same when I eventually get a new crank, brooks, etc etc.

I think it would be fun to learn by converting though. I'd also be recycling a frame and I'd feel like I'd be kinda cheating buying somethin new.