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I don't think incredibly steep. Seems like it's all there and not too bad of shape. Small CL pictures hide a lot of flaws though. I'd have to see it and would probably offer $200, but pay $250... if I was in the market. I already have my wife's 60's cool bike though.
Its shows it sold for $82 which even at that price it would be good for parts
 
Can anyone explain this hub to me? Never heard of it before:

http://appleton.craigslist.org/bik/4741893547.html

Is it like a flip-flop 2-speed/3-speed hub (which sounds awesome)? Is the 2-speed side a kickback hub?

Or is it a 5-speed hub that distributes 2 of the gears on one side of the hub and the other 3 on the opposite side?

Or is it supposed to approximate having 2 front chainrings and 3 rear sprockets to choose from?

In any event, it sure sounds intriguing. Interesting paint job, especially given the era I'm guessing it's from.
 
Cool little muscle / pig bike
http://savannah.craigslist.org/bik/4750587304.html
00505_k36NuKasrUA_600x450.jpg
 
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