Which include the Shimano modern production freewheel (I use one of these on commuter, it is ok, but for $650, I'd like to see something higher quality and/or more period correct). The dropout adjusting screw is missing its knurled knob. Stem/bars came out of the random parts bin. The rear derailleur cable routing is typical of what happens on Trek internally routed cables w/out a ferrule or something else to decrease the angle where the cable leaves the stay, it will wear the cable out and saw a groove into the stay eventually (don't ask me how I know).

I love old Treks and all, I've got a couple, but at current valuations, $650 for this model would only be possibly justifiable if:

1) Minty original condition, ideally such low miles that it still has original wear items like chain in still good usable condition.

2) Some serious upgrades, like the original owner went nuts and put a C-Record group on the bike (and the frame is still in pretty darn good condition).

I'm sure they tuned it up, grease/lubed, etc, but it is a bit of a Frankenbike, with sort of uninteresting changes that do nothing to increase collector or utility value. IMO, $650 is wildly overpriced, not as wildly as it would have seemed even 6 months ago, but still pretty far out there. This is a fairly common model that turns up on ebay. If you are considering popping $450 for a bike, just watch some Trek auctions, you'll find a lot better (even including shipping) for substantially cheaper than this bike.

Did anyone read the "about" section on the recyclery website? Owner sounds like a character, he has a huge litany of jobs he's been fired from, group homes he's been kicked out of, etc. Sort of this rambling diatribe about how he was hitting bottom but got a line on a barnful of old bike parts.