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Lion bicycles made in Germany?

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Balloonoob

I live for the CABE
Never seen a bike like this. Does look 1960s but not sure. Is this a great buy? https://denver.craigslist.org/bik/d/brownsville-vintage-bikes/6819852725.html

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They look way too ruff and the interesting bits are gone. $50 to $75 for the pair, tops...

WTH is this thing - has the frame been monkeyed with?
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