I flipped my first (two) bikes last weekend. Both were modern, multi-speed kids bikes that I actually acquired for parts to keep my kids bikes running. One was $5, the other free left over unsold from a moving sale.

After a critical examination of their condition, I decided to invest a little time in cleaning and adjusting, rather than stripping them for parts. I sold them as a package deal (to someone that I suspect is going to resell them...) for $100 at my garage sale. $95 profit that went to support my Park Tool habit, that is enabling me to restore vintage bikes.

My wife was actually quite impressed, and now wants to know which bike from the dozen in the basement is going next!