This weekend I'll have the opportunity to purchase a 1974 CB750 from one of my best friend's inlaws. The bike was purchased new by the one and only owner back in 1975. Obviously, with only 3100 miles on the clock, it's been sitting idle for much of it's life. The bike has a 2007 Virginia state inspection sticker on it, but I'm told it has been ran a few times since then.
The bike is all original except for the Kerker 4-1 (grrrrr!) and paint has been described to me as being "beyond very good". If these pictures show up, you'll see that it's just dusty and a bit rough around the edges from sitting in a barn for most of it's life.
It's a no-brainer, right? Well, not exactly. Here's where I'd like to enlist the help of some of you guys who have been wrenching on these things for years. I'm told that it has a blown exhaust gasket, and carburetor problems, both on cylinder #1. Secondhand, I was told that the float pin in carb #1 was broken, so a new one was riveted on, which caused the exhaust gasket to blow. Sounds a bit fishy to me. From the pictures, you can see the discoloration around the exhaust port. To me, this doesn't look like exhaust soot, it looks oily/gassy.
At a minumum, I plan on performing a compression check, analysing the "substance" around the exhaust port, and inspecting the different spark plugs for comparison. I'll also have to ask a few more questions regarding how exactly a carb float pin caused the exhaust gasket to blow.
The other primary known problem is that the brake master cylinder is leaking. Oh, and the sissy bar has a broken bracket (dealbreaker!).
Since I'm sure that the asking price will be amongst the first questions, I'll go ahead and throw it out there that they're hoping to get $2000, which is down from the $4000 that they originally wanted a couple of months ago. I'm not inclined to pay more that $1500 for the bike, even if the exhaust gasket/carb problem turns out to not be a major problem.
I'd really appreciate any feedback regarding the potential problems with cylinder #1, and the asking price. I'll be sure to follow up with an update after I take a look at it on Saturday.
Thanks!