Very nice Competition, Rocksteady. I asked the seller for more pictures that were better quality, and all he had to say was "Im sorry thats why its cheap ,i do not have a better camara.Trust my description." Hmm...

The rust DOES look pretty bad, but if that could be removed with some man-hours and elbow grease It won't be a big deal. What worries me is like what Bob said, the possibility for more significant damage beyond the rust. I'm not too worried about its collector value but I would like a bike that actually works well.