I bought this in 2000 from the 2nd owner whom Father bought this for him in the mid 1970s when he was 12 years old. It has been in my garage since and looks to be in great original condition. No effort has been made to clean this bike except a brushing with a damp micro fiber towel. My guess would be that much of the light rust you see on some parts would clean nicely.
See pictures and make judgments for yourself but this bike looks awesome! The item "SCHWINN 1970 APPLE KRATE STING-RAY 5 SPEED Bicycle Antique Vintage" is in sale since Monday, May 14, 2018. This item is in the category "Collectibles\Transportation\Bicycles\Complete Bicycles". The seller is "miaent" and is located in Sacramento, California. This item can be shipped to United States.