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'88-ish Raleigh "Pursuit" value?

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'88-ish Raleigh "Pursuit" value?

Old 01-09-08, 08:39 PM
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poprad
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'88-ish Raleigh "Pursuit" value?

Now that I have your attention...I know it's not a great one. I was asked to tune up/rebuild an old (88 or so) bike by a friend and he brought it in today. It's a Raleigh "pursuit" touring bike with low end Shimano components hung on it, dia compe brakes and 27 in wheels with house brand hubs. For what it is, it's in excellent condition, unfortunately it's a Taiwan model with the "502" tubeset. I don't want him to waste money replacing cables/saddle/pedals and brake shoes if the bike aint' worth the price of the parts...although if he gets a decent saddle and pedals he can take them with to his next ride.

Upshot; anyone able to give a ballpark on the value so he can make an educated decision on how much he'd want to spend? I figure this model is probably only worth $100 or so, but I'm no Raleigh expert. Thanks for the help...I was soooo disappointed it wasn't a Professional/Competition. I had cash in my wallet to offer him if it had been.
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Old 01-10-08, 10:51 AM
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bump....seriously...not one response? In this forum of educated velo-heads?
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Old 01-10-08, 11:16 AM
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This is a Raleigh Olympian I bought for $40.
It has better parts and 555SL tubing. It had new tubes and tires when I bought it so I though it a pretty good deal.
But I would say your friends bike would be worth less than I paid for this Olympian.
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Old 01-10-08, 12:18 PM
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Does he have the ability to do the work himself and save some money if he really likes the bike? Perhaps with a little guidance from you.
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Old 01-10-08, 12:30 PM
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Originally Posted by ricohman View Post
This is a Raleigh Olympian I bought for $40.
It has better parts and 555SL tubing. It had new tubes and tires when I bought it so I though it a pretty good deal.
But I would say your friends bike would be worth less than I paid for this Olympian.
Is there a "tongue in cheek" smilie lurking somewhere? For $40, you stole that bike.
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Old 01-10-08, 12:37 PM
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Originally Posted by GCRyder View Post
Is there a "tongue in cheek" smilie lurking somewhere? For $40, you stole that bike.
Not where I live.
$50 Marinoni
$50 Velo Sport touring bike
$30 1978 Raleigh Twenty factory new
$30 Sprite same as above
$25 Raleigh Criterium
$40 Apollo Triathlon like new
$25 Cambio Rino, mint Sekine's between $20-$30, Nishiki Continental $20, Nishiki Rally $10.......
My list is far to long to fit here. I used to think I was getting screaming deals but really, its just my Saskatchewan location.
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Old 01-10-08, 01:18 PM
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If the bike is in excellent condition, seems to me it would be worth a tune up. It depends a lot on how much your friend wants to spend and how much riding they'll be doing. Everybody that rides doesn't want a top end bike. I would pay $50-$60 for almost any road bike in decent condition even if I had to replace tires but I'm in a good market area.
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Old 01-10-08, 03:15 PM
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Originally Posted by ricohman View Post
Not where I live.
$50 Marinoni
$50 Velo Sport touring bike
$30 1978 Raleigh Twenty factory new
$30 Sprite same as above
$25 Raleigh Criterium
$40 Apollo Triathlon like new
$25 Cambio Rino, mint Sekine's between $20-$30, Nishiki Continental $20, Nishiki Rally $10.......
My list is far to long to fit here. I used to think I was getting screaming deals but really, its just my Saskatchewan location.
Care to give me a rundown on Canada's immigration standards?
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Old 01-10-08, 03:24 PM
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How could ANY bike that is in decent shape not be worth replacing consumables and putting on a seat and pedals?

Frankly, I can't think of any non-*Mart bike that wouldn't be worth at least that much... especially since, as you said, he can take the seat and pedals to another bike.

The real questionable upgrades would be if you start replacing other parts... I might say no to a carbon seat post or fork on a low end bike, but in this case you aren't talking items (other than cables) that can't be used elsewhere if he decides to dump the bike tomorrow.
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Old 01-10-08, 03:24 PM
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Originally Posted by sykerocker View Post
Care to give me a rundown on Canada's immigration standards?
+1
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Old 01-10-08, 05:34 PM
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Yeah, thanks for the posts...that's all the same advice I've been giving him. I'm doing the work just for the fun of it, and all it needs are cables, bar tape, pedals and saddle. I'm sure it will look great when done, I just wanted to be able to give him a good idea what it's worth in money terms. I happen to agree that almost any bike is worth saving, especially if it's mostly just labor, but I don't want to unduly influence his opinion.

I'll do a before/after so I can share with you guys the finished product. Still happy to get any valuation estimates though...
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Old 01-10-08, 05:41 PM
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Raleigh Pursuit

I saw a Pursuit on a curb around Thanksgiving.Light blue,stem shifters,non aerobrakes and a front only quick release.Looked like stamped dropouts and rather stout seamless tubing.I passed,It's a about as low end as a bike shop did sell then.Chris
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Old 01-11-08, 08:06 PM
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good news for me; he wants to rebuild it. I just picked up a bunch of parts for it and am ready to begin the magic. Good times.
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Old 01-11-08, 08:35 PM
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88ish Raleigh Pursuit, Market value, in Mint condition, in Indiana in a bike shop: About $150-$200.

On CL, probably about the same if you are really patient.
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Old 01-11-08, 09:19 PM
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I don't understand the question. If you have a $500 bike and need a $100 tune up, is it worth it? You could go out and buy a $600 bike that is already tuned. Doing routine maintenence on a bike that is otherwise comfortable to ride, is always worth it.
As you pointed out, the cost of a saddle and pedals really doesn't belong in the equation either. I have replaced the saddle and pedals on every bike I have purchased. This is true whether the bike was new or used; whether it was a mountain bike or road bike; whether it cost $2000 or $100.
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Old 01-11-08, 10:22 PM
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CK, the Q was just what the value of the bike might be so I could give him a realistic idea before he invested more money into it.
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Old 01-11-08, 10:26 PM
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It'll be worth dumping some cash into....

They are actually a pretty nice riding bike. Mine's on the trainer, with a mountain bike seat post, since the frame is actually a bit small for me at 54 CM. I ride a 58. I have an overlength stem also to make it's geometry like a 56 CM top tube with traditional geometry.
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