Does this abandoned 1976 Murray Alpine 26 I found have any significance or worth? So earlier this week behind a local school I discovered something remarkable. Someone had put a old, wrecked women's bicycle in a pond.

The wheels toast, the chain rings are useless, rust in many spots and the handle bars take some effort to get them to turn. The frame itself isn't too bad, just has some rust and chipping paint everywhere.

Here are some photos of how I found it initially:











After closer inspection i noticed a decal on the top tube that read "Alpine 26" which I can only assume implies 26" wheels. Also there is a sticker on the down tube that reads:

"Lawrenceburg, TN 07 76"

Made July, 1976 in Tennessee?

I know Murray doesn't make bikes anymore and I heard that there quality of bikes went south in the 80s. I couldn't really bring myself to leave it there so I have it now and would simply like suggestions as to what to do with it.

Scrap/recycle?

Wall art?

I really don't think there is any point in restoring this unless I find another bike that has working components that could fit but a damaged frame or something for free/cheap. 

So could this be significant at all? I don't have a clue as I can't find this model anywhere on the web.

Personally I feel like it's not, but just checking.
Murray was a pretty cheap brand to begin with, and the bike in the pictures is clearly rusted beyond the point of reasonable repair, even if you found suitable wheels for it.

It's only value is as steel scrap, or perhaps as an "art object" for a local sculptor.  There are no usable parts visible in the pictures that would be worth salvaging.