Not-so-fun new project

Also, you might be surprised by the sound that comes out of this little turntable. I once had a dual that wasn't much different, and it was a lot of fun.

As others have noted, if the cartridge is ceramic,, un-mount it and throw it directly into the trash. Get a vintage shure M75 (with a fresh needle) and you will be pleasantly surprised.
 
Realistic was a private-label brand offered exclusively by Radio Shack.

The Realistic name was applied to a variety of manufacturers' products, such as Audio-Technica cartridges and this Goldring G800 stylus:

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The Realistic LAB-12A is featured on the front cover of the 1973 Radio Shack catalogue, where is described as having a "diamond magnetic cartridge and a custom base".
 
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Inside the 1973 cat, the Lab-12A is described as "Our lowest priced 'magnetic' stereo changer package".

The price was $49.95, including a $12.95 "value magnetic cartridge".

According to a U.S. inflation calculator, $50 is now equivalent to just over $350.

Today, just over $350 could buy you the likes of a U-Turn Audio Orbit Plus:

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Thank you, everyone, for all the advice. I really didn't expect to get this many helpful responses.

I was able to find the Youtube videos about servicing the BSR, which I probably wouldn't have found had I not known it was a BSR. I found that the root cause was a stuck cycling cam. No way would I have figured out how to remove that thing without the Youtube video. It was the "Gerrard Glue".

The turntable is well on its way to recovery - probably needs a new cartridge and maybe a new idler wheel. I probably couldn't have gotten this far without you folks!
 
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Provided the rubber on the idler wheel has not gone rock hard and is beginning to crack, it may be sufficient to clean its driving edge with isopropyl alcohol (or Vodka!). If the edge remains shiny and doesn't provide enough purchase when turning the platter, then a gentle rub all round its circumference with fine emery paper may be sufficient to restore its grip. It worked for the idlers in both of my Garrard SP25 Mk2 turntables.

And don't forget, you have that generous offer from @Drbulj in post #12!
 
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Hi @Galu you will probably know better than me;
Idlers that I have fit BSR sold in this part of world, 3mm shaft and 37mm OD.
Do you know if this is what his TT needs, I'll send it to him free, just to check if this is right part.
2 pictures, looks bit messy but rubber is good;
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Hi, I'm so sorry, I actually don't have right part.
Went to quickly open one BSR to confirm so man doesn't wait shipping in vane, it is good OD but bushing is for smaller shaft... I was 100 % sure this was for them (as for what else could it be) but it is for something else.... Bushing could be drilled to right dimension, but guess it's better to get real thing.. This must be avaliable and cheap, BSR was really mass production. Sorry once again 😞
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Have never come across one in the wild with a magnetic cartridge. They always have had a Tetrad. The last BSR I worked on was seized so bad (platter), I had to put a high wattage soldering iron down into the spindle hole and let it bake for a minute. Of course, the whole apparatus had pasty grease in it. It hadn't played a record for 20 years when I got it.