Thanks. I bought it when I was on a lay-off from a local 1B printshop, that translates to I knew I was going back to work, I just didn’t know when. I needed something to do. I wandered into a thrift store and bought the bike for $25. We have a local English bicycle club, that has a few events and the guys helped me to figure out what I had and how to use it.
My opinion, and it is free, and worth exactly what you paid for it, the Raleigh bikes of that era were constantly evolving, and always a compromise. You will note the shifters on my bike are a much improved version of what is on yours bike, and the ones are your bike are much improved over the slender plastic levers that are always broken. Same with the pedals, my bike has the older version of rebuildable ball bearing pedals, the version on your bike has no ball bearings. It seems the company spent so much time chasing pennies to save, the dollars got away from them. They only needed one set of shifters, the version on my bike, or one set of pedals, the same version they had always used, and the efforts to save pennies hurt them, long run.
I own two vintage Raleigh Sprites, the pictured bike and a rider that has done 9 Lake Pepin tours, my wife and son both own 5 speed hub bikes, and I have converted quite a few hubs to S5 configuration from either AW or FW configuration. I think I have 20 or so various Raleigh’s about the place, and a soft spot for Sprite internal gear hub 5 speeds and DL1 Roadsters.
If you search the bikesmith website, you will find complete instructions for rebuilding, and modifications to bring the first gen S5 into the modern world.
It is a great hub, when tuned with the spring, geared up, and fitted with a decent shifter.
Good luck.
Ted