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@Elkie
yeah i thought this might be the case, coming from a BMX background ive heard a lot of these terms applied to the material frames are made from, didnt think it would make much of a difference but just thought i should ask first before screwing something up!
http://cyclespeugeot.com/SerialNumbers.html is the website that was referred to in this thread: http://www.londonfgss.com/thread11067.html
i also read this in the same thread: "no it wasn't french, the lady at the bike shop said when they have a UK stickers they have "standard" thread."
the stickers on my pug say "12 vitesse" and then "speed" underneath, so i am unsure if these would be american stickers or english ones?
there is very little rust on the frame, the bike was donated to me by my dad, who had received it from a friend who no longer needed it (my dad and the majority of his close friends are keen cyclists). its in beautiful condition really, but there are quite a few chips in the paint which i think are probably from storage. im thinking either clearcoating it, or maybe getting it powdercoated brown, due to the braze-ons. am i right in thinking the marks from where the braze-ons were (when i finally remove them) will be pretty obvious if i was to just clearcoat over them?
thanks for your help!