Guys... I bought a Competition brand new in 1972 in Greensboro, NC... It had the Heron badge, Zeus dropouts and crank set w/bb, full 531 db tubing, Bocama lugs, Simplex derailleurs, Weinmann CPs, GB bar & stem, Brooks B-15, straight aluminum seat post, Weinmann dimpled rims on Normandy high flange hubs, and was painted white with Carlton Lagoon blue head tube and seat tube bands (ala Gran Sport) I think in those bike boom days, any new Raleigh in a box you opened might have a surprise.
Dale Brown
Greensboro, NC