• How much has flaked?
    If its loads, I'd be tempted to take the rest off and have a go polishing it.... Or with a wire wheel in the drill for a brushed finish. The wire will shift the rust, and even though some of the chrome will follow it, if its clean it will still look good.... Without looking properly though its hard to gauge. Paint will look a bit gash to start with, but a lot of old stems/posts were painted black when the finish got a bit tired.... I'd have a play with a wire wheel on the underside first, to see what happened.....

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