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I've got a black Kalloy Uno (one of these) if that's any use.
£5 collected from somewhere near central London, or I can post if needed.
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It's not dangerous, only a problem if you need to service or replace the headset or you want to replace the stem (too long, short, etc).
i got a peugeot recently too, stems stuck in there too.. tried everything
i doesnt really bother me that much just dont like the finish on the metal, but i was wondering if its dangerous just to leave it stuck in there? are there any risks? -
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Argos charge £90: http://www.argoscycles.com/renovation-pricelist.htm
but you can get it cheaper (£65) eg. http://www.apibikes.com/
I'm on the verge of buying one of these myself - pity it's not a 54. This is a bargain for somebody who needs a 50cm. Good luck with the sale.