Stove, frying pans, then old bikes (5-9)

I believe the answer is:

penny-farthings

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'old bikes' is the definition.
I don't know anything about this answer so I cannot tell whether this works.

'stove frying pans then' is the wordplay.
'frying pans then' anagrams to 'PENNY-FARTHINGS'.
Though, I'm unsure how the anagram is indicated.

Can you help me to learn more?

I've seen this clue in The Times.

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