$300 is possibly justifiable but only if it has fine parts & is in xlnt condition.
Brooks B66 or better...Quality tires...S/A hubs&rims... Beaver tail (ie.,oil-bath chain guard) S/A or better generator&lamps.
Or at least good paint, Good chrome on rims & brakes linkage, straight frame & guards.
Check out>>>>> <A HREF="http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=462843120"> eBay item 462843120 (Ends Oct-15-00 17:47:18 PDT) - 70's Raleigh Mens 28" Rod B</A> http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=462843120
There are far more of these bikes than than there are buyers.
But the ride is sweet.
In a message dated 10/18/2000 10:47:16 AM Central Daylight Time,
> Subj: [Classicrendezvous] Raleigh Postman Bike, worth buying?
> Date: 10/18/2000 10:47:16 AM Central Daylight Time
> From: email@example.com (Koepke, Mark)
> Sender: firstname.lastname@example.org
> To: Classicrendezvous@bikelist.org
> Help, I have a chance to buy a virtually mint black Raleigh 3spd, black w/
> rod brakes and all. I My guess it's from the 1970s. Not cheap, $300, and
> not my size (22 1/2?), but it sure looks neat. What do you all think?
> Thanks in advance,