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checked the serial placement on the underside of the bottom bracket shell at the Raleigh resource site and this is what was employed by the manufacturer for the period of 1963-1969
the fact the the number appears to have been put in post-painting had made me think it might have been done by a licensing agency
so for dating we know cycle could not be earlier than 1966 nor later than 1969
if you can get the area cleaned enough to read marking clearly you may be able to break it down to a specific year...
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you will be able to get a reliable and serviceable machine here if you take it to bits and clean and lubricate everything
the two things which would be the most rewarding to upgrade, should you have a mind to, would be the wheels and the brakes
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