$20 pickup, not sure what it is, but it's halfway done.

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Just found a $20 bike on OfferUp. It said "vintage bike", and it certainly has all of the parts to account for that. He painted it though, so I don't know what it is. I haven't taken it off my bike trailer so I haven't really looked it over.

It says falcon on the rear der. Looks like a ten speed.
3 piece cotter cranks.
26" just numbers on the hubs.
Friction shifters.
Rear rack that looks very factory to the bike.
Serial number on the bb.

Got some pictures of the cranks and der. More once I get it in the stand. Anyone have any ideas?
 

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