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  1. I *think* that is one of the nicer ones with a Reynolds 531 frame. I can see a tubing decal on the seat tube, but can’t read it. If so, it is definitely absolutely worth fixing up. I have a Raleigh Gran Sport from a different year that is one of my favorites. It came to me with destroyed wheels, so I rebuilt it as a 3 speed, and it’s a great city bike.

    Here’s mine: https://imgur.com/a/YKFyb

    Even if it’s not a 531 model, it’s still a totally decent bike and worth fixing up.

  2. I believe the commenter above is correct. I believe this is a Reynolds 531 frame. The decal under the saddle tells all. Reynolds 531 can be straight gauge or butted. Either one is great stuff. It has a history dating back to the 1920s and was the premier tubing for over 50 years. It was was the standard for the Tour de France bike for more than a half century. It still is considered absolute top quality stuff for a steel frame.

    To answer your simple question, yes! Fix it up.

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