I paid the same for a '71 'phoon, same color, same condition with chrome saddleback baskets and a hungarian generator light about eight months back. Wish I had the two-speed hub pulling through intersections, though - they are the cat's meow!
Great riding bike, BTW. Use it to haul all manner of heavy things - last big item was a barbecue atop the basket.
Comment - I went through everything before riding it; about 100 miles in every race and cone seemed to back off a turn. dunno why, but they all needed to be readjusted; bike was gine after that. Just because they say it's ready to ride doesn't mean that, IMHO. Take the time to make it right - you'll like it better thataway.