yeah, that's the way i look at it too. pretty much all the money, save for a coupla packs of smokes and a 12 pack went into the bike. and that was just for paint and stripping supplies. those 3M wheels ain't cheap. I've got the receipts from ACE, and it's about $100. i haven't even begun to add up the bike parts...
so here's how it sits as of today.
got the bike built so i could ride it, and made a rookie mistake. didn't put it all together before painting, and found out my tires are too big. they're 26x2.3, and they rub the chain stays. they'll only fit at the very edge of the drop-outs, with half the axle nuts not contacting it. i could stretch the frame, but i'd have to touch up the paint. that's not a big deal, but what worries me, is putting that much more stress on an 80 year old frame.
so i think i'll just get smaller tires.
i rode it to the local bike store to check what they have, which was nothing, and suddenly found myself as the King Of The Fixies. there was 4 fixter hipsters there, and they were all creaming their tight girly jeans over my bike. they were all wondering why i had a coaster brake on one side, and a giant sprocket on the other. i might have accidentally started a trend. they were talking about buying Jim's adapter and sprockets, and running a front wheel on the rear. if this becomes popular, remember, you read it here first. (and you're welcome, Jim, if this increases your business...

)
the bike rides amazing, even with the back wheel barely hanging on.
now i just gotta modify some fenders and the chainguard, change out some hardware, touch up some paint, build a tank and a dropstand, install a motor, get rid of the masterlink, make some cables, wait for some grips in the mail, find some tires, cut down the handlebars...
me and Happy should be riding by monday...
oh, i think i'm keeping the alloy wheels on. i'm waiting for some Worksman's, but i think they'll be too fat. dunno if i'm gonna take the wheels apart and paint them to match, that's a lot of work, and if i leave them silver, they'll match the engine. but ya never know. depends on if i'm satisfied with the look or not.