Tearing into an old engine for the first time is always exiting. But, it can also be stressful if the plan is to fix up, or restore the bike. With parts prices for old 2-strokes now at usurious levels, and Canada Post levying a 20% 'fuel surcharge' (as in: "not Canada Post fault sir, but our fuel cost is up 20%". Anyone who believes this I got a bridge for sale!) too many missing or damaged parts can push the project out of reach.
This latest bike on the bench is the one I picked up in 100 Mile house in October of 2022. The thinking was that this will be a parts bike for the 1975 T500 and the 1977 GT500. (The '77 was to be a parts bike too as it was seized and covered in moss when I got it. But, the moss cleaned up easily and the engine unseized after I left some diesel fuel sitting in it for a couple of weeks). Now it's in the restoration queue!
This newest bike was advertised as a 1974 T500 as indicated by old Saskatchewan registration papers. But, the steering head nameplate and serial numbers indicate that it's a 1971 model. It was probably bought in 1971 but not registered for road use until 1974. Then, some idiot bureaucrat at Sask Government insurance didn't remove his blinders and register it by the correct model year.
The bike is painted white (one color it did not come in), is missing the right side cover, no side stand, and the center stand rolls over to a much larger than normal angle. There is no ignition key and all the turn signals are missing, as are both handgrips. However, both fenders are intact and in good condition, there is no crash damage on either muffler, the seat is original, (this is important--especially the metal trim which is unobtanium if a guy wants to make a period correct bike), it has an airbox that's in good shape, and a chainguard. It has the correct 1971 gauges and the correct headlight shell--which is unique to the 1971. Finally, the gas tank inside has never been 'lined', and there is very little rust.

As a first closer look, left side engine and points cover were taken off. Several of the screws were missing but good news, nobody has tried to substitute SAE screws for the correct 6mm metric ones. Part of the casing is broken away above the chain which is usually caused by when a chain breaks and piles up in the sprocket area. The pre-insulated electrical connectors under the points cover are almost always a sign of electrical bodgery, and someone has used the airbox as a mixing surface for 2-pack epoxy. Overall, not too bad.