You could do alot worse for a first find, my advice , PATINA,PATINA,PATINA, clean it with some mild soap and water and be very caucious around the decals,very light scrubbing ,PB blast all the bolts, seatpost,pedals,stem,soak the chain in oil overnight,wd -40 all the chrome and scrub with aluminum foil just make sure the chrome is up to the task (make sure it don't start flaking off) and the most important part. Enjoy it!!!!!