Also tore this one completely down, regreased all bearings, parts, etc. Did a total chrome polish, frame polish with cleaner wax - lotsa scrubbin and polishin'. Also put a smaller front chainring on, it was wicked hard to pedal before.
My wife and I love this one, it's our baby. Not quite a "rat" , it's too perdy.
We are hanging on to it forever. The bike is a '56 Corvette. We bought that at College Cyclery (where Karfer67 works) back in about 97 or so. My wife rode it when we were younger and then it got stuck in storage untill just recently when I got back into bicycles in a major way. Just got it back in working order this week. I took the rear fender reflector/housing off so it does not get damaged when I am riding aound, the plastic is pretty brittle.
Too bad you aren't near Chicago, or are you? Anyways, if I remember correctly, there is a green corvette for 100 bucks for sale at Working Bikes. I am going there today to get some parts and can check it out a little more for you.