General: Is this still worth anything?

i say restore it and make it look like new it looks like a good bike but maby put some new parts on it to like a modern thinner seat and some ergo bars if you can. or keep it all original.

Why would you ever do something like hack off the drop outs for a fixed gear conversion? The bike already has horizontal dropouts dude, you don't need track ends.
Jesus, I'm afraid a lot of classic bikes aren't gonna make it through this stupid "fixie" fad. Wouldn't it be nice if you took this cool gift your pops gave you and spent some time restoring it and learning a bit about bicycles in the process and got it all nice and shiny and back to what it looked like in 1978 then rode the thing?
Then maybe one day if you have someone you care about you can pass that down to them. That'd be a whole lot fuckin cooler than destroying the bike into a "fixie" or trying to flip it no eBay so you can get a goddamn volume cutter.
And no it's not worth a large bit of money, it's just a neat old road bike that would do great in the right hands.

You want advice on what to do?
Ok.

1) take the bike apart and clean, de-rust, replace / re-grease bearings, make shiny again.
2) put the bike back together and get a new rear wheel that's a clincher for street use (tubulars can be a pain), try and stay period correct if you can.
3) show your dad how awesome the bike looks and rides and tell him thanks, you'll make his fuckin week
4) hop on craigs and find some 80's univega or nishiki or somethin in your size and make that your siqfixie.
5) wait about ten years and look at your bike and say "thank you velospace, thank you for saving me from myself way back when"

The name on the toptube says "Handmade", no idea who that might be..

Iron Jaiden, thanks for the tips, as that was what i was planning to do with it.
I already figured i should leave it in it's original state and give it a thorough fix-up (no pun intended).
The bike originally came with two tubular wheels, my dad may still have the original tubular frontwheel.
However, i'm considering lacing up the rear wheel with a rim that will take clinchers, exactly for the reason you've mentioned.

And just to let you know i'm not another fixed-fad-hipsterkid; i was born before this bike was built, and i have an appreciation for bikes of any kind.
So don't worry, i wouldn't destroy anything that has any kind of value left, whether it'd be money or anything else.

Ruffinit, i'll go and check the seattube size in a bit..
EDIT: Seattube measures 56,5 cm (center bb - center tt)

Posted By: ChainslapThe name on the toptube says "Handmade", no idea who that might be..

Iron Jaiden, thanks for the tips, as that was what i was planning to do with it.
I already figured i should leave it in it's original state and give it a thorough fix-up (no pun intended).
The bike originally came with two tubular wheels, my dad may still have the original tubular frontwheel.
However, i'm considering lacing up the rear wheel with a rim that will take clinchers, exactly for the reason you've mentioned.

And just to let you know i'm not another fixed-fad-hipsterkid; i was born before this bike was built, and i have an appreciation for bikes of any kind.
So don't worry, i wouldn't destroy anything that has any kind of value left, whether it'd be money or anything else.

Ruffinit, i'll go and check the seattube size in a bit..
EDIT: Seattube measures 56,5 cm (center bb - center tt)

Cool man yeah I think we'd all be pretty stoked to see your progress on getting this thing restored. Could be a really beautiful bike. Good luck with it.

Thanks everyone for the kind and encouraging comments!
I will try and restore the bike to it's original state, only i have no idea how long it will take..
At least i will start harrassing my father for the tubular front wheel!
I will keep you posted along the process :)

Posted By: greg

Posted By: Chainslap
I will keep you posted along the process :)

Post lots of photos and tips on what you are doing to it please

If you'll post at least one photo in its current state, that would be greatly appreciated. I'm thinking of starting a cluster called something like "Before and After", featuring bikes before and after complete teardowns/rebuilds; yours sounds like it would be a good candidate for that cluster, if there's a "before" photo included.

Posted By: iron jaidenThat'd be the gigantic photo at the top of the thread :P

Yes, but only if he leaves it online after the buildout is finished.