The condition of a bicycle is one
of the most important factors in determining value. Condition is something that
is subjective and each collector will make their own determination of what they
consider the condition of an item to be in. There is no “industry standard” in
collectible bicycles but here are this author’s definitions and guidelines
concerning condition. The scale I use is C1 being the lowest to C10 being the
highest. This guide does not consider restored bikes.
Remember this is only a guide and as such you may have differing
opinions as to condition and your definition of a particular grade. There may
also be conflicts in grading. For instance I have seen a C8 bike with a wrong
front wheel. This alone would not make this a C5 bike. You should factor in the
replacement cost of a correct wheel in this case to determine value. To some
degree many bikes can be upgraded either through careful cleaning/refurbishment
of existing parts or through replacement of identical but better condition
parts. Just realize cost can be significant to accomplish this.
A final note on condition; the
grading scale is not linear in relation to value. Given two identical models of
a bike there may be huge differences in value between grades. Many factors
determine this to include the model, equipment, colors, demand etc… . The best
advice I was ever given was “Buy the best you can afford”.
C10—This is a perfect bike. Just as delivered from the
factory and 100% complete. No deterioration or damage of rubber, leather,
plating, or paint. This is a unicorn bike. If you ever find one please let the
world see it.
C9—An exceptional bike. 100% complete. A few errant marks on
plating or paint only visible upon close examination. Seat, tires, pedals,
grips are original to the bike although they may show signs of age such as
minor yellowing, slight hardening, or hairline cracks. All electrical
accessories will function as new.
C8—An extremely nice bike. A bike in this condition will
still stand out from its contemporaries in a show field. May have replaced
tires but all other components are original equipment. Minor scrapes and
scratches and possibly a small dent or two on the fenders. No major dents or
large areas of paint loss. Plating may be showing age with dullness and cad
plating may be missing in areas. Decals are present but may show age. Electrical
accessories may not work without rewiring or cleaning switches, buttons, or
contacts. Seat will have wear but look presentable and be absent of rips or
tears.
C7– A very nice collectible specimen. Tires, grips, and
pedals either noticeably worn originals or correct reproduction replacements.
Paint will show signs of age and use to include small dents in sheet metal (not
frame), numerous scratches and abrasions but not so many as to detract from the
overall presentation of the bike. Plating may have some loss and/or
‘peppering’. Bikes in this condition may have minor touch-ups that aren’t
readily apparent. If equipped the reflector may be missing or replaced.
Electrical (internal) components may be damaged beyond repair. Seat will show
obvious signs of wear such as discoloration and may have frayed edges, loose stitching,
but no holes or tears.
C6—A bike showing honest wear. A ‘tired’ original bike.
Major components such as tank, rack, fenders, and guard will be original.
Decals may be missing. Plating will show considerable wear although it may
clean up some. Paint will show the ravages of time to include scratches and
dents. The seat will show significant signs of wear to include rips, tears,
and/or repairs. Electrical components do not work and may have some missing
parts. The bike is serviceable as-is and
suitable for riding.
C5—An average bike. Bikes in this condition have been well
used and paint and plating will show it although careful cleaning may improve
appearance. Bikes in this condition could probably stand to be serviced. Wheels,
seat, pedals, grips, and other minor parts may be incorrect replacements or
mis-matched. The frame/fork should show no obvious signs of damage such as
broken welds, large dents, or bent forks.
C4—These bikes have go and whoa but may need servicing to be
fully roadworthy. Paint is very poor original that may clean up some. The bike
will have heavy scratches, dents, and significant paint loss. May be missing
some parts such as light and reflector. Plating will exhibit pitting, rust, and
flaking. Major components such as fenders, guard, rack, and tank will be
correct but may be reproduction or replaced with correct pieces from a
different bike. Missing light(s), horn, buttons, switches, bells, etc… .
C3—Needs help. Bikes in this condition will either be very
poor original paint, house painted, or have mis-matched parts. Could also be an
as-found “barn” fresh bike. The bike will need tires/tubes and a full service
and/or repairs to be roadworthy. Electrical components shot. Could have
structural damage or show signs of previous repair. Plating mostly gone and
rusty. May be missing significant parts such as tank, rack, guard.
C2—A project bike. A typical ‘’basket case”. A bike that may
or may not have poor original paint but likely in primer or possibly even bare
metal. Parts may be missing and/or incorrect. Unless very valuable a
restoration will likely exceed the finished value many times over. Likely comes
in boxes unassembled. May be more suitable for a custom or ‘rat’ bike.
C1—parts only unless extremely valuable. For the vast
majority of bikes in this condition you salvage what you can and throw the rest
in the trash. Exceptions would be a Bluebird or other very high end bike.
Memory Lane 2019
So the store is history but the Memory Lane swap meet is alive and well. My dad and I got up here a little after noon today and there are already a lot of vendors and many of the ‘regulars’. If you have never been to this meet you are missing a good one. Yep the weather can go to crap pretty quick but I’ve never seen that slow anything down too much. There are already some pretty nice machines and parts and I saw a few things trading hands. Not shown in my pics are a really nice original Elgin Twin 60, a restored Evinrude, and a really sweet Strucel restored Ideal shaft drive. Hopefully I’ll get pics of them tomorrow. There was some really nice TOC stuff, ballooners, muscle bikes, motorized e.g. Whizzers, etc… I hope to see a lot of you there tomorrow. I’ll be posting updates and more pics for Thursday and Friday. Check out what I got so far and enjoy the ride!
Today (Thursday) I expected to see a lot more folks by the time we got here about 7:30. The threat of weather may have hampered turnout but there was a steady stream of newcomers all day long. A lot of good deals to be had. I saw a Wald Tomahawk stem sell for $250 and a girls Shelby with a really nice Troxel Toolbox seat for $200. It varied between clouds and sun all day but did get to the mid 60s which was T-shirt weather for just about everyone. A great mix of everything to include balloon tire bikes, musclebikes, TOCs, some BMX, pedal cars, scooters, wagons, etc… . Not one but two Evintudes in attendance, some killer pre-war Schwinns, more than a few big tanks Shelbys i.e. Speedline, No-Nose, and Arrows.
I had pre bought a killer, original paint ’38 Zep with 2 speed, WD front brake, Zep speedo, and ’39 Tacoma license plate. Also picked up a wagon and scooter. I parted ways with my orignal paint Bluebird but it went to a great home. I still have a nicely restored Bluebird so it didn’t sting too bad!
Most of the regulars were in attendance including a lot of the ‘old timers’. This is really the beauty of these meets. A lot of the old timers either do very little or no internet so attending the swap is the only way to meet and get to know these guys. Building rapport and forging friendships is the way to build your bicycle network. This pays off when you are hunting that elusive bike or part.
Tomorrow they are calling for rain most of teh mornign which may slow things down but I can almost bet there will still be deals going down! See you there and enjoy the ride…
So this one is in the books as far as I’m concerned. The weather started off with a strong dose of “Memory Lane Sunshine”. Originally weather forecasts called for it to end at 8 a.m. then 9 a.m. and I think it finally quit somewhere between 11:00 and noon. Then the wind picked up and I’m not talking a little breeze either. The sun came out and along with the wind and started drying things out but at least two people had to have their vehicles pulled from the muck. A lot of folks started packing when the rain wouldn’t let up but it didn’t slow too many down as people were still seeking bargains. A mostly complete girls Shelby Speedline showed up tucked in amongst a lot of lesser bikes and was sold for $50!
I added a Hiawatha Arrow to my fleet and bought a nice girls Hawthorne for a friend. Other than that a lot of the small parts I was seeking just didn’t show up. My dad and I will relax tomorrow, take in a small car museum in Bowling Green, OH and get a good dinner before packing and getting ready to head to Ann Arbor Sunday morning. I will have a seperate blog for AA. Until then enjoy the ride!