09-04-2014, 07:55 AM
I'm not an expert on vintage, and you'd be better off asking here: http://www.bikeforums.net/classic-vintage/ which has a LOT more traffic (129 people on right now) - also a related subforum for value estimates. I can tell you that the front wheel is not original, as Schwinn did not use decimal sized tires until the 60's or 70's. Before that their rims were a slightly larger diameter than the equivalent decimal standard, and the tires would be labeled "26 x 1 3/4" and the rim will be marked "S7" for example http://sheldonbrown.com/26.html. Saddle, rack and chain are not original as well (unsprung saddle, 1" pitch chain, no rack) and of course the reflectors. The frame is perhaps worth something, but in my opinion the bike as a whole has little value.