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1974 Raleigh Grand Prix - 6 miles, ever

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1974 Raleigh Grand Prix - 6 miles, ever

Old 01-05-19, 08:15 AM
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parkbrav
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1974 Raleigh Grand Prix - 6 miles, ever

My friend has a blue 1974 Raleigh Grand Prix racing bicycle. It has a total of six miles on it, afterwards he stuck it in his garage and never used it again. He wants to list it but doesn't know how much it's worth.

Someone came by and offered him $600 cash, I think that's a low-ball offer.

Any suggestions?

Last edited by parkbrav; 01-05-19 at 08:17 AM. Reason: punctuation and spelling
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Old 01-05-19, 09:07 AM
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I'd jump at the $600 dollar offer. The Grand Prix was an entry level bicycle, 2nd from the bottom of the lightweight line. They were Raleigh's best selling model during the boom, so are fairly common. There is nothing special about a Grand Prix and you can buy excellent condition samples for far less. For $600 I can buy a bicycle in excellent condition, that weighs 6lbs less and is far better than a Grand Prix in almost every aspect.
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Old 01-05-19, 09:30 AM
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Originally Posted by T-Mar View Post
I'd jump at the $600 dollar offer. The Grand Prix was an entry level bicycle, 2nd from the bottom of the lightweight line. They were Raleigh's best selling model during the boom, so are fairly common. There is nothing special about a Grand Prix and you can buy excellent condition samples for far less. For $600 I can buy a bicycle in excellent condition, that weighs 6lbs less and is far better than a Grand Prix in almost every aspect.
Perfect, then that's what I'll tell him. Thank you for helping to resolve this issue, he's been dying for an answer for quite a while.
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Old 01-05-19, 06:03 PM
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$100 on a good day.
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Old 01-05-19, 06:08 PM
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It's not worth 600. If he gets such an offer, he ought take it immediately. As T-Mar said, you can buy a hell of a bike for six hundred.
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Old 01-05-19, 07:38 PM
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That's at least $500 more than that bike is worth.
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Old 01-06-19, 12:38 AM
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Old 01-06-19, 09:51 AM
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Not worth $600. But worth more than $100 if it literally has 6 miles on it. The Nottingham built ones were very good construction and exceptional paint jobs. I've bought and sold several over the past few years. One of my favorite bikes. Even with steel rimmed wheels it has a nice lively ride.
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Old 01-08-19, 12:45 PM
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It's worth whatever you can get for it. Six miles is great, but what climate has it lived in....even hung up in a garage can invite rust in many places.

I bought a lightly used GP in college...green. I loved the bike and put a SunTour front & rear derailleur on it (like most everyone did) and an alloy crank. However, if the bike shop had been more savvy and less like snobs, I would have bought a much higher-up-the-line Raleigh....their loss. I was incredulous to learn how many models there were above the GP, including the Pro SBDU bikes from IIkeston. I have a Supercourse and a Competition GS now waiting to be restored..

I rode that bike everywhere, even in the snow. After I got a car, I lost 15lbs....figure that had to be leg muscle....lol

Kevin
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Old 01-08-19, 12:53 PM
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This summer, I bought a Raleigh GP for $49.99 at the local thrift store here in the D.C area (in a good condition given its age). As others have said, if someone offered $600 - he should take it. That person could do a quick Google search and change his mind. Good luck advising your friend - could be a tough job!
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Old 01-08-19, 02:52 PM
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I am never enthused by low miles on a vintage bike. On something that age, it also means it has never received any maintenance. Tires, brake pads, cables, housings, bearings and grease all get old, whether the bike has been ridden or not.

$600 is such a ridiculous offer, if it is legit, grab it. Given the bike has been sitting for decades, and it was entry level/low end, $50 would be a good offer.
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Old 01-08-19, 08:13 PM
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Typical little none road very good condition this is only a $150-200 at best of the Grand Prix's the 74 is about the least valuable year. The pre boom or late 70's ones with the alloy Raliegh branded parts are much nicer and still only worth $250 or so in near perfect condition.
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Old 01-10-19, 11:18 AM
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If someone legitimately offered him $600, then it was probably a replica of a bike the offeror had in their youth or something and brought back fond memories. Thats the only scenario i can think of where the prospective buyer wouldnt be completely insane

sentimentality for me might double an old bikes value to me, but in thisncase doubling it would still only equate to $250- $300

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Old 01-10-19, 12:46 PM
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Yeah I’d probably by way over value, for a repiica of the 63 red Schwinn racer, with the large frame, that I grew up with.
Tim
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Old 01-14-19, 02:02 AM
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Originally Posted by DMC707 View Post
If someone legitimately offered him $600, then it was probably a replica of a bike the offeror had in their youth or something and brought back fond memories. Thats the only scenario i can think of where the prospective buyer wouldnt be completely insane

sentimentality for me might double an old bikes value to me, but in thisncase doubling it would still only equate to $250- $300

But then they are, dare I say...ignorant? Why wouldn't anyone do a little bit of research before they offered $600 for a bike maybe worth $150? Most reasonable people I know that are sentimental about something will find out its value before handing over their wallets. Then if you decide to go a hundred over or so for something you really want, there's some logic involved. Morally & ethically, I couldn't sell a bike for $600 that I knew was worth between $100-$200. However, there's plenty of people that wouldn't bat an eye in doing so.

I paid $450 for a bone stock 1980 Competition GS that a guy had hanging in his carport in SoCal since 1983. I'm not proud of that purchase price, but I was waiting for that bike iteration for over seven yrs and he started @$650.

Been much better to give $150-$250 but it just wasn't happening that I could find. I was always too late or the bike was too far etc.

Kevin
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