Thanks for all the replies and advice. I went to see the bike at 3:00 today (Saturday). The seller and I spoke on the phone last night and this was the earliest that the seller would be available. I had to take a pass. Everything is there, and everything works. On the other hand, everything needs sprucing up. This would be a great bike for a kid who wants to refurbish a runner and learn by doing, or for an older guy who's had some experience and maybe a few spare parts lying around. I am neither of these guys.
BTW, where I left it was to offer $4500. The seller said he wanted to hold out for $5000. But he just called me and said he wants to be done with it and he'll take my $4500 right now. Unfortunately, my wife was so happy when I came home with no bike, I just can't pull another U-turn on her so soon. So I had to pass again, even at $4500. But if someone wants to pull up the SF Bay Area Craigslist and give this guy an email, you can have this bike for $4500 if you can get the cash to him right away.
The bike is a wonderful unmolested time capsule, with a 30-year owner. He put a new Dunlop tire on it when he bought it and that tire's still there, although it's worn smooth. This gives an idea how much it's been ridden these 30 years. It starts but won't hold an idle until it's good and warm. (The seller wouldn't use the choke on this 68 degree day in Oakland CA, which might have helped.) The Cali registration sticker is 2005. The seller says he last took it out on the road three years ago.
The seller says he's shopped this bike to a couple of Nor Cal Norton club members. So if you know any of these guys you could get more info from them. One of them has offered $4000. So that is a clue of where the sweet spot for the money is, somewhere around $4000-4500. Myself, I've been through the wringer too many times with 4-wheeled money pits to kid myself, that this would be likely to end up costing $10000 or more all in to build a $7000 bike. That said, if I talk to the seller midweek and he's still willing to take $4500, I just might.
BTW, where I left it was to offer $4500. The seller said he wanted to hold out for $5000. But he just called me and said he wants to be done with it and he'll take my $4500 right now. Unfortunately, my wife was so happy when I came home with no bike, I just can't pull another U-turn on her so soon. So I had to pass again, even at $4500. But if someone wants to pull up the SF Bay Area Craigslist and give this guy an email, you can have this bike for $4500 if you can get the cash to him right away.
The bike is a wonderful unmolested time capsule, with a 30-year owner. He put a new Dunlop tire on it when he bought it and that tire's still there, although it's worn smooth. This gives an idea how much it's been ridden these 30 years. It starts but won't hold an idle until it's good and warm. (The seller wouldn't use the choke on this 68 degree day in Oakland CA, which might have helped.) The Cali registration sticker is 2005. The seller says he last took it out on the road three years ago.
The seller says he's shopped this bike to a couple of Nor Cal Norton club members. So if you know any of these guys you could get more info from them. One of them has offered $4000. So that is a clue of where the sweet spot for the money is, somewhere around $4000-4500. Myself, I've been through the wringer too many times with 4-wheeled money pits to kid myself, that this would be likely to end up costing $10000 or more all in to build a $7000 bike. That said, if I talk to the seller midweek and he's still willing to take $4500, I just might.