Condition of when I picked it up. I am in the process of restoring now. All the major parts are able to stay. Got the all the red stuff re-anodized, Cleaned up the rust, but decided to get re-chromed anyway. Reconditioned all the bearings. It will have new seat, grips, chain, brake cable, tires and I am replacing the spokes and nipples. The decals were not salvageable, so I have repops coming as well as I found repop pads. I also decided to change the chainring hardware to anodized. She is going to be beautiful!