Just finished rebuilding a Retro MTB - a Raleigh Peak - about 1994 I think. K2 Cromoly tubeset, lugged frame. Blue with orange transfers (worn off thank goodness). 7 speed XT gear train with Xt thumbies.
Bought it for £15 from a local charity shop.
If I hadn't bought it the local chavs would probably have bought/stolen it and wrecked it within a couple of days.
Had to fit new bottom bracket, saddle and handlebar grips and swapped the bar-ends. Readjusted/serviced headset and rear wheel bearings. Frame has been stripped of components, washed down with degreaser, and T-Cut.
The XT brake levers had had the rapid-fire gearshifters sawn/snapped off so I filed the raw edges smooth and blended in and resprayed them satin black. also sprayed the stem as it had surface rust and seatpost as paint was worn.
The front wheel is not original - a Vuelta Airline on Acera hub.
I bought the purple LX equipped version of this bike new BITD, but it got nicked from my garage. >:(
Photos when I've had a chance to ride out on it.