Mercian, but what is it...?

Tiny washer? Quick fix? Bodge? Are you all on about the indexing trim adjuster?

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http://velobase.com/ViewComponent.aspx? ... &AbsPos=31
 
I would like to think that the Mercian has good value both financially and sentimentally. (not really the word I want but...) Its restored honestly without trying to be new. I would much prefer those 531 stickers and period kit than something shiny and new. If it was my size I would be making an offer!
Clean it and ride it, don't improve it. If you sell it make the new owner promise to never restore it!!
 
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