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This old rusty Schwinn 3-speed bike is too far gone for a proper restoration but might make a nice rat bike for a friend of ours who lives in an area known for the disappearing of bikes. New tyres, some oil and a tune up and it may well be an effective ride.
Update: Mouseover the image to see the finished fixup. Ridable but looks like arse. We hope this acts as a theft deterrent.