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Restoration
From WikiPedalia
Generally, when we speak of "restoration" of a bicycle, it means restoring a bike to its original condition, with all parts, accessories and paint identical to the way the bike was originally equipped.
Restoration can get very expensive, and generally should only be done on valuable collectible machines that are intended for wall display, not for actual riding.
If you have a nice old bicycle that you actually want to ride (aside from the occasional parade) you are better off upgrading with newer parts.
