I got mine for ~$25 as well and really, really liked it.  Sure it isn't 
SMC, but unless you shoot into the sun, flare was not an issue (built in 
lens hood!).  I found it to be a great portrait lens and my example was 
clearly not as soft (even wide open) as some would suggest.  Never tried 
it on digital, so I can't say if it would have CA problems.

-- 

Christian
http://photography.skofteland.net

Godfrey DiGiorgi wrote:
> I paid $27 for a Takumar Bayonet Mount 135/2.5 in EXC shape from  
> KEH.com. It was worth what I paid for it. I replaced it with an  
> FA135/2.8 IF a couple of months later.
> 
> Godfrey
> 
> On Oct 5, 2006, at 11:46 AM, Paul Stenquist wrote:
> 
> 
>>It was the least expensive of all the Pentax 135 K-mount lenses. Some
>>of the elements aren't multi-coated. The supply of these lenses  
>>exceeds
>>the demand, so they are not worth a lot. Others have reported getting
>>good results with the lens as well, but it's only forth around $50 US.
>>I'd start the auction at $30 tops. Or I'd keep the lens.
>>Paul
>>On Oct 5, 2006, at 6:35 AM, J and K Messervy wrote:
>>
>>
>>>What's wrong with the Takumar bayonet lens?  From using it, I reckon
>>>it's a great piece of glass.
> 
> 


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