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Would love some input on my dad's 1960's Peugeot!

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Would love some input on my dad's 1960's Peugeot!

Old 11-18-11, 02:34 PM
  #1  
ditchswitch
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Would love some input on my dad's 1960's Peugeot!

Hello to the resident experts! This post is submitted with great respect for both the time you folks donate and to your years of accumulated experience. If any of you find this an interesting puzzle... beautiful. But I am in no way expecting or demanding your responses.

Background: My father purchased this bike from a neighbor during the 1960's in Wyoming. He repainted it a bronze color to cover the original purple. He rode it before and during college a moderate amount but from about 1970-present it has been in storage - protected from the elements but not from dust. Due to this it will likely need a fair bit of clean-up and re-tuning, but it has not been on the road at all since 1970.

I have been entirely unable to locate a serial number but I understand this is common for this generation of Peugeots.

Goal: Both he and I feel that it's time for the bike to find a happy home and we are hoping to determine a rough estimate of it's year or model and if possible a ball-park idea of a fair asking price? I'm including what I hope are detailed enough photos. Please let me know if any additional information or images would be helpful.

Again,
Thank you for any time or effort involved in advance!

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Old 11-19-11, 09:09 AM
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auchencrow
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At the risk of getting flamed, I'd say you bike could sell for $225-250.
That is about 3 times what such a bike would normally bring, especially with a repaint, but yours has a cool factor that surpasses the garden variety U08's, given that it's a 60's issue (hard to find) and just so good looking. The Brooks saddle also helps.

Aesthetics for bikes in this tier tend to influence sale price very heavily. More sophisticated buyers looking for Reynolds frames might be unimpressed, but to the average buyer, your bike is very cool indeed and so they tend to pay more.
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Old 11-19-11, 10:33 AM
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Hello Auchen, Thank you for the reply! In my searching I found such wildly varying prices that I was at a loss for a long time. Your opinion makes a lot of sense and takes a lot of factors into account. The bike market in Wyoming isn't exactly teeming either "winks". I think we are both more interested in finding a buyer who will appreciate it and possibly rehabilitate it than trying to squeeze the highest dollar.

Thank you again for the input!
Lindsey
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Old 11-19-11, 11:04 AM
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At the risk of getting flamed, I'd say you bike could sell for $225-250.
Though it is tough to sell an entry level Peugeot these days, I agree with the above. Because the bicycle speak vintage so well, it will sell for more than one might otherwise expect. Were I the OP, however; I would set the price a bit higher and offer it on the local market.

Good luck with the bike...
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Old 11-20-11, 08:43 PM
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I fix and sell bikes in the Seattle area and have sold a few of the older Peugeots. Yours looks like its a UO8 in pretty good shape. Being orginal kind of matters, but did not find any Peugeot collectors looking for the entry level UO8's. The collectors are looking for PX10's that sell in the $700 range and up. They look similar to the UO8 but much lighter. If your bike feels heavy , like around 30lbs its a UO8. The most I could get out of a bike like yours around the seattle area is $200. With your accessories maybe $250 on a hot summer day. Might check out craigslist. Being your in Wyoming and bicycling isn't that prevelent, it might be the way to sell it. Get a bicycle box from your local bike store and ship the bike via UPS and charge shipping to buyer. good luck
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Old 11-20-11, 09:03 PM
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Well as said above this is a great bike with a great story but a very hard sell in Wyoming at this time of year. To the right buyer in major market in early summer you could realistically get $300 for this bike but during the winter in Wyoming in winter you will be lucky to sell it for $150. If you need the money you may want to consider selling the vintage acceries pump and rack on ebay and saddle if its in really good condition and holding on to the bike and selling it with a basic saddle/seat in the spring. If you don't need the money I would hold on to it tell the spring and list in your local area and near by bike markets like Denver and Fort Collins.
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Old 11-20-11, 09:18 PM
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There are tons of similar bikes from the 70s and 80s that are worth very little, but as this one is from the 60s or earlier it's bordering on "antique" in my mind. Normally I'd say $100 for this sort of bike, but considering the age and general coolness of it I'd probably pay $200 or more if it really caught my eye.

Two big negatives for me: cottered crankset, and the repaint. I'd love to see it in purple. I won't blame your father though, I've never owned a purple bike myself and it wouldn't be my first choice of color.
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Old 11-20-11, 09:30 PM
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Considering the quality of the repaint with correct decals and detailing and that it is vintage I don't think it would hurt the final value of the bike much maybe $50-$75 to a serious collector to most buyers it shoudln't make a huge dent in price.
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Old 11-21-11, 11:15 AM
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In my opinion, given that the bike is worth a couple of hundred dollars, and not a couple thousand, I vote for keeping and riding the bike yourself. That is, if it fits, and if you both don't really need that $200. You have something with provenance that very few others have -- a cool bike that your dad rode when he was young. You can always earn another $200 working; and you can always buy another bike. But can you buy another bike as cool as this one, that was also owned by your dad? This bike is absolutely unique. There is not another one like it in the world.

Fix it up, ride it, and imagine someday passing it on to your own son -- your father's grandson. That would be cool raised exponentially.

Forgive me for being impassioned about a possession, and for going OT here: I have a Remington .22 rifle that my grandfather bought for my dad's 13th birthday in 1946. He bought it from a hardware store -- gone now -- via installments over an entire year. My dad learned to shoot with that gun, and twenty years later, so did I. And in turn, I taught my kids to shoot with it. It's not worth much more than your bike in dollars, but the memories are priceless.
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