Offers of 100k for this bike

NEWPORT NEWS, Va. (AP) - July 1, 2008

Tom Mault says he found a rare 1963 red Sting-Ray leaning in a corner at a Virginia Beach bike shop.

It's one of the first made, with the distinctive "banana seat."

Mault paid 350 bucks for the Sting-Ray.

Now, he's getting offers of up to 100-grand for the bike.

But the Virginia contractor says his Schwinn isn't for sale.

He adds he started collecting bikes because as a kid, his parents couldn't afford to buy him one.

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