Falcon bikes were a cut above their Raleigh cousins. Most all of them were built with high quality Reynolds 531 tubesets, That's a nice one. The only ding I've got against it is the cottered crankset with stamped chainwheels. Otherwise, that's one hell of a nice frame. Prices for Falcons are all over the place. But, that one is probably worth at least a couple of hundred dollars. Be good. Have fun.