I was offered a repo at $550 so I would think north of that somewhere. Personally I believe this was only used on the '37 RMS top level model (Lobdell seat, locking for, white walls, streamline pedals). The lower level, if we can really call it that, had the long spring seat, no locking fork, deluxe pedals, and black wall tires. It used a different stem that kind of comes to a cone shape at the top. Just my observations. I really wish Phil would join us again and add to this discussion. I suspect he only logs in now as a guest to stay out of the fray. V/r Shawn