Unless you are setting up a museum, it is worth thinking very carefully about expenditure. I see at least one shop offering a new 2009 Galaxy for GBP 863. The sensible course with an old bike, assuming it fits, is to do the minimum upgrades possible.
A thirty year old bike probably cost about GBP 250, and started to depreciate as soon as it left the shop, so its written down value is rather low. As an example, a few years ago I bought a ladies 531 Raleigh Royale from a local bike shop for GBP 55. This may be about the minimum you could expect to pay for such a machine, but bearing in mind depreciation, the inability to check thoroughly for wear and rust, it is also close to the maximum I would expect to pay. I thought the price appropriate to the possibility that it might only serve as as source of spares for our other bikes of similar age. In fact it has turned out to be in very good condition, and is now my wife's preferred machine. It now has butterfly bars (about GBP 40 with brake levers), and a triple chain set (GBP 35), also new kevlar belted tyres, but you can see how the cost begins to develop.