If the seat post clamp is welded the bike is pre-war/if removeable post war.The FF dropouts appeared in 1938 on the L/Ws.Schwinn was using electro welding by 1940(this I know from sandblasting and painting a pre-war frame)That front brake startes at about $150 used on ebay.
>From: "Stephen Barner"
>Subject: [CR]Neat old story or hoax?
>Date: Wed, 18 Feb 2004 18:32:34 -0500
>What a long story this guy has attatched to this Schwinn. Frankly, I don't
>believe any of it. The guy claims the bike is from the '40s, but it looks
>like a Schwinn flash-welded frame with a mish-mash of old parts to me. I
>really like the coaster brake in the front. Actually, that part makes
>sense. You could ride with the coaster, or swap it with the rear wheel for
>a fixed gear. The best of both worlds, for the flats or the hills!
>I don't think Schwinn was set up with the gas-pipe welding technology used
>in this frame in the '40s, and how did that color paint get on it, unless it
>was sent back to the factory or repainted at some point? When were the flat
>forks introduced? I thought it was in the '60s.
>Maybe one of you Schwinn experts can sort this out. I think Dad got a bit
>confused, or someone in the shop 30 years ago pulled a swap without
>mentioning it to the boss.
>Steve Barner, Bolton, Vermont, where it's almost riding season for the