I think cyclotoine is right on this one. I have sold a number of older Trek touring bikes 520's & 620's etc that were in much rougher condition for $300-$400. A bike that can take larger tires, fenders and handle well with a load is valuable to many folks who use their bike more for transportation than recreation. Most of my own riding is commuting to work and back and having a bike you can strap a case of beer (bottles only!) to on the way home on a Friday is invaluable!