Originally Posted by
roadgator
a lot of it depends on the quality of the frame.
If its good (at least cromoly tubes, lugged, forged drops), and all the bearings run smooth. up toward $250 isn't unreasonable if you like the style.
lower quality frame, rust, and/or roughish bearings wouldn't warrant more than $150.
give the bike a look and throw an offer $50 less than your ceiling. good luck.
Oftentimes when dealing with people on craigslist you may find that they have a significant other, who is possibly cute and or hot, who is sexually dissatisfied.
Find them on myspace, seduce them and give them what they want. Then have them give the bike to you. This may create some drama, but in the long run you're relatively a third party and should be able to guiltlessly take your new item and enjoy it for free until you come across something else you want more.