I have a road bicycle that I believe dates from the 1970s. I’ve owned it more than 20 years. A badge on the frame says “Falcon - designed by Eddie Clements” and a sticker says “Reynolds 531”. The shifters and derailleurs are Campagnola. The tires are Michelin “sew-ups”. It’s in very good condition - everything works just as it should.
The roads near me aren’t very attractive - lots of traffic and few shoulders. The trails are good, so I’m now into mountain biking. I haven’t been on the road bike it at least 5 years, and I don’t see that changing.
So what should I do with this nice, but admittedly old (ancient?) bike. Is there any market for such a thing? I’d like to see it go to a good home, and possible even get something for it.
eBay comes to mind, but there seem to be big issues with the cost of shipping and the point that no sensible person would buy a used bike without inspecting it.
Not sure what you can do with that bike, it might be interesting to some collector or bike enthusiast. But I don’t think it’s a great candidate for rebuilding for current use unless that frame is something special.
You’re bike is not a typical “old bike,” it is a very nice older bike. You give a good description, but without more details I can only say so much. If the bike is in the typical size range (52 to 58cm) and in good condition it would probably sell for at least $600 or $700 in my area - Washington DC. The 531 tubing is pretty nice - a step above the standard chromo you see on the majority of bikes from that era. Campy tends to be sought after, but the market for that older componentry is softer than it used to be from what I’ve seen - but it does fluctuate so who knows. I’m guessing you have campy cranks - that would be a plus. Sewups used to be much more popular on high end road bikes but technology has advanced to the point that clinchers are very nice and make using sew ups not worth the hassle for most people - so the might detract a little from the value.