could be a bearing preload question. or a bearing seal drag issue.
I'd lean more towards bearing seal drag, personally. sealed cartridge bearings have more seal drag when they're new. as they age and get worn, those seals get worn, and the bearings will spin more freely.
older high end cup-and-cone bearings, especially (stuff found especially on older road bikes), are well known for free spin. free spin isn't necessarily the best gauge of bearing condition/quality all said.
I'd lean more towards bearing seal drag, personally. sealed cartridge bearings have more seal drag when they're new. as they age and get worn, those seals get worn, and the bearings will spin more freely.
older high end cup-and-cone bearings, especially (stuff found especially on older road bikes), are well known for free spin. free spin isn't necessarily the best gauge of bearing condition/quality all said.