I have a 1992 Cannondale M1000 hardtail mountain bike. I bought it new and put literally tens of thousands of miles on it. I finally replaced it this year with something new.
The bike is fairly ugly to look it. It also needs a full tune, a new front derailleur, and new cranks (the pedal arm is stripped).
For a number of reasons -- but mostly because this is a 24-pound bike -- I've been trying to sell it for $100 on craigslist for the past month. I've had some interest but no takers. I suspect it's too much work for someone who wants a cheap bike, and too eccentric for someone who wants a project bike.
It seems that converting this to a single speed coaster might be a suitable thing to do -- since it needs a full tune, new derailleur, and new cranks, why not just discard all those anyway? My shop in town said it could be done for about $150 total, including labor.
Does this sound like a good idea?