I've got a line on an old Miyata "Sports Model" that's in need of some attention. It's got a Jun headset, DiaCompe brakes and Suntour Honor rear deraileur. The tires are done (dry rot) and the steel wheels are somewhat rusty. There doesn't appear to be much of any rust on the frame, a little on the crankset and the chromed fork ends.
It's $20.
I got a $25 Schwinn Sprint the other day with the intent of messing with it. Problem is, it's not very messy and I kind of like it as is. I've got a "donor" women's 84 Schwinn World Sport... If I can get it cleaned up and fixed up, I think it would make a great bike for my Brother In Law.
It's pretty much like this one, but orange and with a chrome tipped fork.