Start with restoring it and then selling it! Give your old ride a rebirth and a new owner.
One of the things I love doing is restoring old bicycles - the older the better! So if you have an old bicycle and are too busy / unmotivated to fix it up, give it to me and I will fix it up and find it a new owner. [My contact info is on the upper right.]
Every old bicycle (regardless of age or how badly damaged it is) still has the potential for new life. In my experience some of the most gratifying restorations have been bicycles that were in really horrible shape, but a few new parts, a tune up and some new paint and that bicycle was gleaming like new and soon found itself a nice new owner.
Below is a lovely video of a bicycle, as told from the bicycle's perspective.
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