Re:
Nice. I'm a sucker for French bikes of this era and this one's got a lovely look about it – neat looking with a great crisp colour.
Here’s my non-expert thoughts:
I think it's a fair asking price but don't forget the P&P and what else you may end up spending (I learnt this buying a £70 bargain which cost me around £100 to get on the road and is currently worth about £120 on a good day!). If you can't pick this up it's real price is £130-40 (depending on where you are) and the minimum you'll need is a replacement saddle (name your price!) and some brake hoods (if the levers are CLB/Sulky then Rustines Mafac hoods are an ok fit - about £20). So you could be looking at closer to £170 which starting to get a bit over the odds to me.
If the frame is double butted I'd say it's only 3 tubes due to the lack of re-enforced brake bridge and the straight cut seat tube (or whatever the proper description for that is). Being French it might also be 3 tubes Vitus 172 (not a bad thing but less “cool” than 531 or Columbus).
Looking at the little bit of surface rust on and around the seat post I'd ask them to confirm the seat post and stem move freely.
Part wise aside from the Mavic rims it’s standard French entry-level gear; basic Simplex, Huret and solida. I have those CLB calipers on my non-bargain bike and I like them - they’re light, work pretty well and look good but they’d not fetch much on ebay.
Here’s a Meral catalogue:
http://forum.tontonvelo.com/viewtopic.p ... ilit=meral
To me it’s most likely a Detante or Course Amateur model.
Here’s a Detante with Reynolds SMS tubing that looks very similar:
http://forum.tontonvelo.com/viewtopic.p ... ad&start=1
As a comparison, if you’re near Cirencester this mid-70s Peugeot PR10 (not mine) looks like it could be a nice deal (though notice it’s only 5 speed – no front mech, small front ring or LEFT shifter) :
http://www.ebay.co.uk/itm/Peugeot-Racin ... 2172547123