This is a standard quality aluminum wheel. It's not the lightest weight you could get, but the weight difference between this and much more expensive options is smaller than you might think. This is a great replacement for old bikes, commuters etc. Bearings have been properly boxed and adjusted. The bike was ready to use without any adjustment. Be aware that all machine made wheels need a little tweaking to be nice and real. Transportation can confuse them a bit, and the wheels fall out of order after the initial assembly. The new wheels are fairly easy to step on, all you need is a proper spoke wrench and a basic understanding of what to do. Something like http://www.amazon.com/Park-Tool-Wrench-Nipples-0-127-/dp/B000NOPWWY/ref=sr_1_2?ie=UTF8&qid=1371835376&sr=8-2&, all with size .127. This will smooth out any wobble; You don't have to worry about falling.
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