Do you want to host webpages for others, or just test things out for yourself? There are quite a few ways to do this, but if you explain I'll list the best options
It would be not such a great idea to host pages for other people on an old PC at home.
Why? Your internet connection is probably only 256k upstreak - v slow. Also if it goes wrong or you have a powercut or anything then it wont work... people would be let down...
using your PC as a server really isn't a good idea (as chris* mentioned) unless you already know you are going to make mega $$ from it for whatever various reason. This is because in order for it to be worth while, you would have to invest in @least a fractional T1 line, for which you would have to lease a CSU/DSU and DVM modem from telco - making really big monthly bills.
if you wanted to do it, you would have to be hosting quite a few websites for clients to make it worth the $$.
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