Originally Posted by
sunburst
It's always good to post a driveside photo so we can see the cranks and derailleurs. If it has a non-cottered crank, it is much better upgrade material. However, I've restored two with cottered cranks, and I've got a third in progress.
Check out his first picture, that is a cottered crank. This a in the lower-end family of Peugs, descendent from the UO-8 of bike-boom fame. Some love them, some hate them. If you're in a college town, you should be able to sell it in the $125+ range if you make it run well and look pretty. Here in Ann Arbor vintage mid-range steel like the UO-8 are selling as campus get-arounders.