So the bike has been sitting since about 1984 right where you see it. It's a climate-controlled garage in a very nice house, and there's not a lot of visible rust. Forks look pretty clean, too. The back story is this:
He had a chopper with this motor in it (didn't know what year, but I'm guessing '73 or '74), but wanted to ditch the chopper and he bought the frame you see the motor in now from a local yamaha dealer without the motor in it and had his motor installed.
He says that the motor was totally gone through at that point and hot-rodded. He says high compression overbore pistons, very tall cam, the works, all built by a reputable local hod rod engine builder for the drag strip. It had an aftermarket clutch in it but he said the clutch went out while he was shifting gears one day due to the power. At that time he parked it and it hasn't been fixed or driven since. As you see from the pictures, the clutch is removed and needs to be replaced. Other than that, the bike is pretty much complete. The manufacture date on the neck tube is 5/'75.
Who can tell me what they think I'm looking at, here, and would you haul it off for $300, too?