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Columbia barn find - need advice

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I like neat stuff like these and always lose my shirt when I decide to sell. White finish on all bikes of the 60s and 70s did not hold up well. Sell it for $40 as is and move on.
 
My first bike in college was a Columbia three spd. My roommate had a Peugeot 10 spd. He showed me the difference in quality without being a snob. The bike served me well although it was cheap all around. Wouldn't have it back if you gave it to me........

Kevin
 
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