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OK, who collects early racing bikes?

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My next two racer projects: 1895-96 Pierce tandem, 1898-ish Model 20 Crescent tandem.

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What an awesome amount of bicycles in this thread. Really great.

This one isn't stock, actually it is my daily rider. I also have a different handlebar for daily riding, the racer bar is just unnerving when traveling at a high rate of speed.

1920's Pierce BR Amateur Sprint Racer. Paint and decals are original, chain wheel and crank are not Pierce, however they work well.
What it was like when I got it from @New Mexico Brant to what it is like today.

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