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@TGR
My first 'racer' - a Raleigh Rapide, bought for a Christmas present in 1982 - used, abused and put in the attic for 20 years until last year when I cleaned, polished and oiled it to get it back to its' original condition.
Before cleaning -
After cleaning etc
I think the bike has covered over 10,000 miles and still runs well. The only thing that needed changed was the headset. I have the original wheels back on now.