
Please read the complete story here to understand why my listing price is so high on this Schwinn 5 speed Krate bicycle. I have for sale a vintage 1970 Schwinn five speed Orange Krate bicycle.
The October 1970 dated original orange frame and its original chain guard are in great condition considering they're both 55 years old now. The five speed shifter is in excellent condition. I don't see very much rust on the shifter at all.
It is one of the better ones out there. The springer fork assembly is the original 1970 fork assembly. It is in good original condition. One of the forks did have some surface rust on it, but I removed most of it as best I could. It's not perfect, but it is the original fork assembly that came with this bicycle.The Orange Schwinn Krate banana seat is an original early 90s banana seat. It is in excellent condition. It almost looks like it's brand new.
The shock absorbing sissy bars is brand new. They work just as good as the original ones did. Look how nice the chrome on it shines. The rear fender is an original early 90s stingray fender. The chrome on it looks very nice and it adds that extra pizzazz on this parts bicycle.The 3 1/4 inch rear bicycle reflector is an original early 70s reflector. It is in good condition.
It still works just as good as the new ones do. The rear five speed wheel is the original 1970 dated Schwinn wheel. It is in fabulous condition. You will not find any rust on this baby.
The rear 20 inch tire is brand new. The slick 20×2.125 tire with the manufacture's orange ring on each side of it. Goes perfect with this bicycle.The front 16 inch wheel is the original drum brake wheel. It does have just a little bit of surface rust on one area of the rim and the rest of it is in fabulous condition. The drum brake works perfect on it. The front 16 inch tire is brand new. It is just like the original Schwinn superior tire except this one is brand new.
The handlebars, the gooseneck stem, and the crank are all date stamp 70. They are the original ones that came with this bicycle. All of them are in fantastic condition.
I'm including the orange glo streamers, the orange brake lever covers, the orange brake cables, the orange water bottle and bracket, the orange flag valve stem caps, the all leather utility tool bag, the chrome bugle horn, the Schwinn checkerboard mirror, and the original raccoon tail. I now want you to look very closely at the ID code number that is stamped on the bottom of the head tube on the frame in picture 14. Do you see something that stands out there? Look where the seven is stamped on it.
It is not in alignment with the rest of the stampings. This is a huge mistake here. This is something that the quality assurance personnel at Schwinn should have caught back in 1970 and rejected it. This rejection would have then sent the frame to the MRB bond room where the Schwinn Material Review Board would have either dispositioned the rejection on the frame to be reworked or they would have recommended scrapping it altogether. The one thing I know for sure is they would not have let this frame go back onto the production line with this obvious error still being intact. It was painted Kool Orange and was then made into a complete Schwinn 5 speed Orange Krate bicycle. This Orange Krate bicycle then left the Schwinn Bicycle Company in Chicago, Illinois and was sent to a Schwinn dealership somewhere in the United States with this stamping error still intact on the frame.This makes this Schwinn bicycle frame very unique here. I have never seen another Schwinn frame ID code that had this same kind of mistake on it like this one has. I challenge anyone reading this right now to find a similar stamping mistake on any of their Schwinn bicycles to see if they are stamped like this one is. I seriously doubt you will find very many of them. This is the reason why the price is high on this Schwinn Krate bicycle.
Because of this uniqueness here, it automatically becomes a one of a kind bicycle frame. Please let me know if you have a Schwinn bicycle that has a ID code stamping with the same type of mistake on its frame like the one I have on mine. I would like to see a picture of it. I seriously doubt you will find one, though. Thanks for looking at my mostly original 1970 Schwinn Orange Krate five speed parts bicycle and God bless America.