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Is this Peugeot worth upgrading?

Old 10-03-13, 09:01 PM
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Is this Peugeot worth upgrading?


I am new to the world of vintage road bikes but have caught the bug very quickly. I picked up this Peugeot PH10 from a pawn shop but have been replacing some parts that were in bad condition. Here's what I've got in the bike so far:
Bike - $60
Seat, Pedals and Handlebar Wrap - $56
New front wheel - $30
Tires and tubes - $20
Suntour Cyclone M-II front Derailleur - $10

Total Investment = $176

The chainrings have enough side to side movement to not clear a front derailleur. I was looking at replacing the crankset with a nice Suntour unit but I don't want to be stupid and invest beyond a realistic resale value.

Question 1 - What is the bike worth?

Question 2 - Would upgrading the wheels/crankset and derailleurs to Mavic 700c and Suntour Superbe Pro increase the value similar to the investment?


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Old 10-03-13, 09:18 PM
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Depends how you define value. If you are talking in pure monetary terms, no, you are not adding value by upgrading this bicycle. It is not going to be worth much more (and probably less than) 200$ in most markets no matter what you stick on it. If you are talking increasing the riding pleasure, the wheels are the most likely and best upgrade.

Check the Superbe's crank compatability with the existing (probably Stronglight) spindle; I think you're looking at a bottom bracket replacement as well, and that period Pug may be swiss thread...

I say this, BTW, having seriously upgraded a pair of low end Peugeots. They've got more $$ invested in the parts on them than they are actually worth. Which is not much. However, how they ride is of (non-monetary) value to me.
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Old 10-04-13, 12:13 PM
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Originally Posted by wrk101 View Post
Around here, you already are over full market value. Any additional investment needs to be for your enjoyment, or consider it a gift for the next owner.

The challenge with bikes that need work, even if they are free, you can get upside down on them really quick if you are not careful, resourceful on finding deals on parts, and do all the work yourself.

One thrifty approach to your upgrade process is to find a donor bike. I picked up one recently, that will provide 700c wheels, derailleurs, crankset, pedals, seat post, saddle, bars, stem, levers, etc for $50 (cosmetically challenged frame). I have found them for less.
+10 In the last 24 hours, I just picked up a Miyata 210 and a Lotus Challenger for $50 apiece. Whether they get reconditioned or parted out remains to be seen.
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Old 10-05-13, 11:12 AM
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Zardoz - I bought a nice mixte about 6 months ago for $75(I overpaid, but it was at night, hard to see all the rust), and after spending a few days with steel wool, I lubed it up and took it around the block. Those old Peugeots are what bicycles are about, and after riding it a few times, it's become my go-to bike. Last week I bought a new Brooks B67 and a nice pair of Rigida alloy rims with campy hubs, new Panaracer tires too.
This bike is an effortless ride, very nimble and tight.
I figure with all my upgrades, I could sell it for maybe $200, so selling is out of the question. This bike is for riding
BTW, my upgrades can be transferred to another bike in 10 minutes, so I'm not locked in.
If you enjoy the bike, what is more valuable than that?
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