Sounds pretty tempting. Any chance you could work out a test ride? I know someone will say $3.50 but if it's in good shape I don't see how it's not worth at least 100x that. Given the Phil Wood stuff, I'd say this is a seller who knows what he has, so I wouldn't expect to get a steal. On the other hand, if he's not riding it or getting old or whatever, he might apply a "going to a fine home and enthusiastic rider" discount.