If you're interested and local, why not go take a look at it? I was following Riv very closely in the late 90s to early 2000s, much more so than I do now, and there is nothing in the ad (or the fact that it's been up and down so many times) to suggest that there is something wrong with the bike.
The LLs were being made right around the time Riv transitioned from Waterford to Joe S so it could be either, and there are probably some details that will tell you which. For instance, I know Waterford used its own serial numbering system (which you can find on their website). I suspect Joe S used a different system. Also, around this time may have been when Riv started using its own "Rivendell" casted bottom bracket shell (tho I'm not too sure about that). A close up look at the lugs would also be helpful, as I think Waterford didn't do any custom modified lugs, and Riv was starting to do it. As for the price, if this is a Waterford, it's a little high (I personally think if you like the bike, the color, and it fits, then around $1K is a fair price for a Waterford Riv). If it's a Joe bike, I can see myself paying close to this price if I had the money and the bike fits. It's true that to get something similar for anywhere near that price (handbuilt in the US with fancy lugs, Riv pedigree, by a well-respected and reputed builder --- and I'm not commenting on whether any of that affects the ride or build quality, but perceived value being what it is). Greg -- You received this message because you are subscribed to the Google Groups "RBW Owners Bunch" group. To view this discussion on the web visit https://groups.google.com/d/msg/rbw-owners-bunch/-/dI-rrdXPmtwJ. To post to this group, send email to rbw-owners-bunch@googlegroups.com. To unsubscribe from this group, send email to rbw-owners-bunch+unsubscr...@googlegroups.com. For more options, visit this group at http://groups.google.com/group/rbw-owners-bunch?hl=en.