This is actually the second Raleigh Carlton I have worked on. The first one I know was from the 60's and was in the words of the first owner "more expensive then a new VW Bug!". This one was a find from the local dump by the guy that currently owns the bike (I might have lost my mind with glee if this happened to me!). The parts and seat were a little beat up but, nothing really stayed on. I got it a new bottom bracket, new axle fixed gear rim, used front (both 700c from the original 27"), used specialized seat, and I cut some drop bars to make bullhorns. Better pictures soon.
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