XxHaimBondxX

another long haul project potential, seems like another 50 year Frenchie. Worth the time and a bit of money?

bikemig 

Basic peugeot, looks like a UO 8. I like them a lot as they make great riders but they are not worth much. A drive side pic would be helpful but this bike looks to have the plastic/delrin shifters and front derailleur both of which are problematic; the rear simplex is usually fine. Plus it has a steel cottered crank. If these are original wheels, the rims are steel as well. That is a replacement stem and handlebars. The stem might have been sanded down to fit. The brake levers and saddle are replacement. I doubt I'd pay more than $20 for this and I like the bike.

Bianchigirll 

It's a matter of opinion and what your end goal is. If you're looking for a bike to learn maintenance and cruising the cul de sac and it's under $100 it isn't bad but it does have French threads so if you need a bottom bracket (the bearings and spindle that the crank/pedal arms attach to) it can be tricky finding the right one at a decent price. The cotter pins can be tricky for a novice mechanic to handle and are of course french size.

It isn'e my cup of tea but lots of guys here like those sturdy old 'gas pipe' Peugeots riding and handling qualities.

Just what are you looking to do with a bike? ride with the kids? commute? group rides?

XxHaimBondxX

Just looking to invest mostly my labor in it and sell it for $100 next spring.

zukahn1 

After likely needed parts cables, brake, pads, tires and possibly DR's you likely won't do much more than break even good chance you would loose money on the project. Really nice UO-8's refurbished with nicer paint only sell for $200 or so.

Bianchigirll 

I’m not so sure about that. Is it free? It depends how much labor you want to put into it. If it’s close to free and your going to simply clean it up and offer it for sale you might be OK but as mentioned above those old plastic bits can cause a headache.

Do people in your area really buy 50 year old 10spd bikes? You need to check the market first. The only two bikes I ever bought with the intention of reselling I lost money on. I somehow think I lost money on every bike and part I sold, and that includes an immaculate somewhat rare Hetchins frame/fork. Bikes are a very fickle market

XxHaimBondxX

Much worse shape than I thought. Front tire is dry rotted. At least I got a new gel saddle out of this deal. It was free and I was in town for my daughter soccer game so wasn't a total loss.

I've specialized in cheap Walmart bikes at first. This summer I sold mostly hybrids and ebikes. This is my first attempt at vintage restoration.

Bianchigirll 

What about the brakes? Mafac brakes have a good following.

XxHaimBondxX

They'll have to follow its new owner, I gave it away.

Moe Zhoost

U08s are nice vintage bikes but they are at the low end. I loved the one that I bought in 1972. That one is a bit newer, though. I'd say if you like the bike and plan to keep it, it's worth fixing up. If you plan to flip it, it's not worth the effort.

kitbiggz

Peugeot had some really low end models. Gotta be careful and study the catalogs to see which ones are worth saving and putting money into.

repechage

it is a UO8- the tells are the half chrome fork, quick release front and rear.
the plastic Simplex derailleurs can be a problem, especially the front.
a Japanese exchange is a bike co-op appointment away.
shift levers are meh. Trouble is the rear is spot welded on, the front uses a special clamp.
possible to improve but work and maybe luck.

they are quite serviceable, ride above the price point. Japanese derailleur equipped bikes shift better.

stem on this example has been exchanged