I think most old suspension-less mountain bikes make great All
Rounders.  Most people I run into touring have an old mountain bike
converted to All Rounder. I am not too sure about how the geometry
changed from the early 80's to about 1997 (when it became almost
impossible to get a high quality suspension-less bike), but I
converted several of them from that time period into AR's and they all
work great. I currently have a 1996 Trek 930 that I bought new in the
box in 2006. The key is to buy it WAY bigger than they would have
sized you for when it was new. Lugs vs non-lugged is much less
important to me when I am going for value-- condition and spec is much
more important. Almost everyone I know is a new stem, new tires, new
h'bars away from a great AR--oh yeah, and fenders, cant forget the
fenders.

I think this is brilliant:

http://cgi.ebay.com/BRAND-NEW-NISHIKI-CASCADE-MOUNTAIN-BIKE-BICYCLE_W0QQitemZ160361421102QQcmdZViewItemQQptZMountain_Bikes?hash=item255649192e&_trksid=p3286.c0.m14#ht_1179wt_958

I know, tinyurl, but I wanted people to know it was ebay.$259 for a
new full LX bike with thumbshifters? That is grand-- of course it is
also tiny-- but I got my Trek from the same guy-- he must have a
warehouse of old mountain bikes. The Trek was top-notch and as good as
he claimed.

Cheers!
cm
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