I 've run across three different rims on W123s. All 14"
1) alloys or "bundt"
2) steel
3) Aluminum, which look just like the steel rims (except for four dabs of white paint) but are of course much lighter. I actually thought I could feel the difference when I put them on my "79" .

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1985 Euro 240D 5 spd 140K
1979 240D 5 spd, 40K on engine rebuild
1994 Dodge/Cummins, 5 spd, 121K
1964 Allice Chalmers D15 tractor
2014 Kubota L3800 tractor
1964 VW bug

"Lifes too short to drive a boring car"