It's a mid 80s vintage Giant RS940. According to what little info I can find online, it has a lugged, triple-butted 4130 chromoly frame. The component spec is low end, but functional (biopace rings anyone?). Even with the old, heavy parts, the bike only weighs 25lbs. That's heavy for a road bike these days, but was average to slightly above average for the time. A full bore, aluminum race bike was in the 19-21lb range during the same timeframe. To get it rolling, I needed to replace a spoke, true the rear wheel, adjust the bottom bracket, and adjust the headset. I'm eventually going to replace the wheels due to flat spots in the rim and a bearing issue. No worries though, it rolls as is and upgrading the wheels will let me upgrade from a 6spd freewheel to a 7spd or greater cassette.
With new wheels and a new crankset, I could easily drop 2lbs off. I'm eventually going to replace just about everything with used/NOS Shimano 105sc or better. I thought about going with used/NOS Campagnolo stuff (very cheap on ebay), but that means more brand specific tools and I'd like to leverage the Shimano specific tools I already own. Besides, Campy tools can be expensive.
I rode it to the grocery store this afternoon. It has a nice ride.
Chris