If I may offer a bit of advice, extending on what I wrote above: An adult sized bike that is not wrecked should be worth at least $20 on Craigslist. Even an old Huffy or Ross. There is a ton of variables that are dependant on the local market, though. In my area, a ready-to-ride bike in an adult size is usually worth at least $75. If the paint isn't trashed, and the tires are good, you could probably push that to $100, if you sell it in the spring.
Schwinns can be tricky, and you really need to do your research to figure if you've got a $50 or a $200 bike. Some can go for over a grand, but honestly the word is out on those, and collectors like myself (or worse!) really snap these up before they see the light of day.
European brands have rabid fans, and they will often pay $1-200 for a worn frame, depending on desireability.
The easiest money to be made these days are those steel mtn bikes from the late 80s/early 90s, the ones that don't have the shocks on them. Trek and Specialized brands, with new tires on them can sell for $150 all day long on CL (or more, depending on overall condition), and can often be picked up (if not free from the curb) from a garage sale/thrift shop for $20. This is another area that is pretty well known by bike-flippers.
If you are inclined to deal with the hassle of storage and selling, bicycles are almost always worth more than scrap. They are bulky to store, though, and selling them on CL or
ebay is a pain in the a**.
I love looking at old bikes, and enjoy researching them. If somebody on here finds one that they think is worth looking into, I encourage them to ask about it. As I said, they are almost always worth better than scrap.
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