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Early MONARCH bicycle, Is it worth pursuing

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kz1000

Wore out three sets of tires already!
This is the best I could do for a picture, this mens bike is overall rusty, has been sitting inside for years but it was next to where a salt truck was parked, from what I could see it appears complete, the fellow is tough to deal with and if it is not something special it just may not be worth the effort.
monarchbadge_zpsf4925ff6-1.jpg
 
Looks like a mid 30s Westfield built bike. Tough to put a price on it without seeing the whole bike....
 
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