Originally Posted by Charles Wahl

I thought that all the English-made Raleighs had "Nottingham England" on the headbadge where the hashmarks are -- that looks like a Japanese headbadge to me. Also, it's a strange thing to see the Carlton decals on a frame that was clearly from the 80s (braze-on shifters & brake cable guides, sidepull brakes). The Reynolds decal says only butted frame tubes, so that makes it a mid-line bike, which lack of chrome supports. The downtube logo is an older-style one. But the lack of panels and chrome do not really lend credence to its being either a Carlton-Raleigh, or a bike from 79-80 or thereabouts. The "N" that begins the serial number could stand for "Nippon" as well as "Nottingham."

In any event: for $50, it's still a steal!