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1980 vintage Nishiki Ultimate which I found languishing in my LBS.
Originally equipped with a full Campagnolo Nuovo Record group and
once top of the Nishiki line, it had fallen upon hard times and
its rims were somewhat buckled. Happily after cleaning and lots
of TLC, it was in far better condition that I had imagined.
equipment retained: 57cm frame and fork, Campy Nuovo Record crank
set and 42" chainwheel (plus Sedis chain), seatpost, headset and
some of the now redundant Campy hardware for a new TA bottom bracket
thanks to Mike Barry (of Mariposa fame).
CXP 21 rims, matching pair of Vredestein Fortessa Tri-Comps (-snared
in a two for one sale), cheap and cheerful TX Quando flip/flop hub,
Surly 17tooth flip, Shimano 17tooth free wheel flop, Shimano XTR
(NOS) front hub. Shimano 323 pedals; Specialized Body Geometry saddle.
Outland (Diamondback/Raleigh) anatomic bars with Profile tape. Yellow
Coolstop Eagle 2 brake pads.
good Dupli-Color charcoal paint job (thanks to Canadian Tire!)
handles beautifully and is very responsive, thanks in part to the
tight rear triangle. A really fine machine for less than $CAD500