Originally Posted by zukahn1

With good original paint I would put the frame set at $150 or so as presented with bad paint $100 or so. As for the whole bike as is needing bars brake levers chain, cables , likely some other parts and full servicing I wouldn't go over $200. On a bike like this you could end up sending another $200 to get it i in good riding shape properly set up with drop bars and some minor upgrades needed to make it a good rider.