No particular harm done. I've yet to come across an '86 Raleigh Grand Prix that does not have poorly-finished, soft paint in the first place - and for that matter, the decaling isn't too attractive either.

Good opportunity to apply some earlier Raleigh lettering variants (as stickers, I believe - IIRC, decals do not adhere to p-coat) if you do have it refinished.

-Kurt