Neko
Specialized Fan
I would reckon that the 500 figure was just frames made in 1991 (assuming they even kept their word), The 1992 and 1993 models were quite similar so I guess in a way there were far more than 500 made. I have a 1993 myself, distinguished by the rounded seatpost collar and FSX in the serial for whatever reason.Hi Neko, with the help of this thread I was able to ID this bike I think as one of the "limited-run" M2 Teams. It has a 91T serial, the riveted cable guides, and a square-topped seat clamp. Seen some abuse over the last 30 years but pretty neat. Unfortunately a little small for me.
Looks like a frame build that was later converted to cruiser. It has a mix of XT and Deore DX parts, a Mag fork, and a Spesh crank. A hole for the fork bridge is stripped, hence the missing front brake. For $25 I was willing to overlook some of these issues
I talked to the guys at my local (Bay Area) Specialized shop who were active in the day and they said there were more than 500 of those red M2 Teams floating around, also being so close to the old Spesh HQ I heard people would pull frames out of the dumpsters behind the factory? It sounds like some of the limited quantity boiled down to how many frames they could weld to pass QC.
I'm Bay Area too unsurprisingly.