I've been refurbishing vintage bicycles for about 8 months now, and I just finished this one.
It's a 1969 Hercules 3-speed -- it needed a good scrubbing and polishing, as well as a bit of paint work. I took it completely apart, cleaned and serviced everything, re-packed the hubs, headset and bottom bracket, of course new tubes, tires, brake pads and inner brake cables. A few period accessories finished it off.
Definitely makes me want to don my finest Tweeds when I ride it!
1969 Hercules Vince Lupo, on Flickr