New Project Bike

pat /
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I'm going to look at a 1977 Puch Newport this afternoon for a possible new project bike. Seems like it is in decent shape from pictures I've seen but the guy says it has a "soft seized engine" (whatener that means...kinda seized?) and the last time it ran was in '07. I'm thinking throw a engine kit on and not even deal with the seized engine issue. Guy is asking $150 and everything else on the bike is in good working order. What do you think...any ideas?

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