I remember seeing ads for the 1984 Collegiate and thinking it was a cool bike. It featured a lugged CroMoly frame built by Giant with integrated fenders & chain guard. A 3 speed Sturmey Archer coaster brake hub was laced to chrome plated steel rims. The Collegiate also had a cup & spindle bottom bracket, custom alloy crank with pressed on 1/8th drive steel chain ring, rubber block pedals, a steel seat pin, economy steel caliper front brake & lever, and cheap plastic Sturmey Archer shifter.
Now lets do it my way.
I replaced the headset with a new Tange Levin unit. I upgraded the original cup and spindle crank bearing to a SKF sealed unit - the new standard for premium crank bearings.
The drive train now consists of a Pake track crank and 1/2 link Pintle chain. A new nimbus unit replaces the cheap plastic SA shifter.
The steel seat pin is replaced with a Uno alloy pillar to support a Brooks B67 saddle and Brooks tool bag in Honey. A Jim Blackburn rack on the rear makes the bike a little more useful.
Wiring is routed internally. The front wire runs through the right side fork blade. The rear wire enters the downtube just below the lower head lug, runs through the bottom bracket shell and into the left side chain stay, and exits through the rear fender. It then runs along the inside of the fender, sealed inside a silicone bead, to the tail light. (see images below - wire circled in red)
Then on to the wheels. Keeping only the SA coaster brake 3-speed rear hub, I've added a Sanyo dyno front hub and laced both hubs to Sun CR18 double walled alloy rims using 14 guage straight stainless steel spokes and brass nipples. Finally a set of ColDeLaVie tires by Panasonic provide a soft cushy ride.
This is not your father's old 3 speed. $1,200.