1981 S12-S LTD 23"/58cm Frameset Made In Japan, with 331 Double Butted Ishiwata Tubing (Stamped on the steerer)
It has Suntour GT Dropouts stamped Front & Rear. This would make a great restoration or 650b Conversion.
It looks black & silver, but it's actually faded midnight blue metallic & silver. 
The paint has scratches & scuffs, but the frame is straight, with no dings. The chain stays are flattened slightly from a kickstand.
The chrome on the stays have slight rust specks, mostly on the non drive side chainstay. 
The chrome on the fork looks pretty good, but the left side has a scuff.
All the threaded areas are in great condition.
Please examine all photo's for condition. I'm selling this in as-is condition.

I pack well & ship fast.

Shipping to the lower 48 U.S. States or international thru eBay shipping service. Local pickup is welcome.