Picked this up yesterday at a local Swap for $80AU (approx $65US)....They retail for around $800 here. Alloy frame Raleigh Retroglide with Nexus 4 speed. Every steel/chrome part is/was rusty.....I'd guess this really was used as a beach cruiser . The Nexus worked great after a good WD40 bath. I also had to cut off the fenders and front brake as they were rusted too much to save. I'm thinking about doing a 700c wheel build with this.
Bike pictured with single speed rear (trying to clean the rust off the Nexus)
Bike pictured with single speed rear (trying to clean the rust off the Nexus)