Update: I sold the bike. Images replaced with URLs to save some bandwidth, or something.
http://www.flickr.com/photos/rfvt/206024980/
This is a 1980 (or, maybe, 1981) Trek 412 or 414 road bicycle. It’s a hand made, in America, steel frame. I’m selling the bike because it’s too damned big for my 30 inch inseam – I originally planned to replace all the components and convert it to a fixed gear. This nice frame and all the components attached to it are yours for $150.
The year and model were determined with the Serial Number Decoder at Vintage Trek – this bike’s serial number is M5B7D42. The frame size is 25.5 inches as per Trek’s original specifications.
The bike sat out in the weather (rain, heat, cold, who knows) for an indeterminate amount of time before I acquired it. There are numerous chips in the paint and corresponding rust spots. However, the bike is solid and rideable.
The components on the bike are most likely not original and most are not in very good shape at all. There is no front brake and the rear brake is poor. The chain and rear sprockets are very rusty; the front sprockets are in OK condition. The pedals are old Shimano 105s, without clips. The front wheel is smaller than the rear and has a mountain tire mounted on it; this will need to be replaced.
http://www.flickr.com/photos/rfvt/206024962/
http://www.flickr.com/photos/rfvt/206025142/
http://www.flickr.com/photos/rfvt/206025314/
http://www.flickr.com/photos/rfvt/206025328/
http://www.flickr.com/photos/rfvt/206025137/