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FS: NOS 56cm Schwinn Paramount Limited Edition 50th Anniversary frame with gold plated fork

Started by Frank · · Last activity · 2 posts · 1,350 views

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rec.bicycles.marketplace
Published
17 April 2005
Last activity
17 April 2005
Original author
Frank
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  1. Yes, I said new and 1988 model...a rare combination indeed! This 56cm
    (measured from the center of the bottom bracket to the top of the seat tube)
    with a 55.5cm top tube Schwinn Paramount 50th Anniversary Limited Edition
    built by Waterford is the most beautiful frame and fork I have ever owned.
    Even if you are not interested in buying it, you owe it to yourself to at
    least look at the pictures. You simply cannot believe how stunning this is!

    Richard Schwinn, formerly the head of Schwinn but now at Waterford, told me
    this 1988 model was the 47th frameset built in this Limited Edition series
    that celebrated Schwinn's fifty years in the bicycle business. It is already
    a highly sought collectible, with an especially strong following overseas.
    In fact, I am aware of at least one bike collector who has two of the more
    common (a relative term since there are not many of these Limited Edition
    50th Anniversary frames around) black models hanging on his wall as art.

    The frame is painted a gorgeous candy apple red metallic with gold decals
    and the fork is gold-plated. This combination of color is so rich and
    brilliant it truly looks like royalty! It also has the original Paramount
    Stronglight headset that came with the frameset, as well as the red velvet
    bag that the gold-plated fork came in. It has never even been built up and
    looks as brilliant and regal as when it was first built.

    As to the details, this bike is built of Columbus SLX tubing with Shimano
    dropouts both on the fork and frame. There are two sets of water bottle
    bosses, a braze-on front derailleur tab, pump peg, chain hanger, horizontal
    rear dropouts (no dropout screws in them) spaced 126mm apart, brazed-on
    downtube shifter bosses, and the rear brake housing is routed on the top of
    the top tube.

    There is only one paint chip that I could find on the entire frame or fork,
    and that is toward the rear of the non-drive side chainstay. This is indeed
    a spectacular frame and fork in near-mint condition...I have never seen
    better in this model.

    I recently sold a black one with several paint chips on the frame and some
    small pitting of the clear coat on the gold-plated fork for over $900. This
    red one is in significantly better condition and well worth the asking price
    to someone who values the historical significance, workmanship, and
    exquisite ride this rideable work of art offers.

    $950, which includes professional packing, shipping and insurance to the
    lower 48 United States.

    Pictures are free for the asking.

    Thanks

  2. Frank said:

    Yes, I said new and 1988 model...<snip>...Schwinn Paramount 50th
    Anniversary Limited Edition built by Waterford ...<snip>...
    Richard Schwinn, formerly the head of Schwinn but now at Waterford,
    told me this 1988 model was the 47th frameset built in this Limited
    Edition series that celebrated Schwinn's fifty years in the bicycle
    business.

    These are nice frames, I had a NOS black/gold one hanging on my wall as
    art for a while too. Seems like potentially more of these ended up as
    collector wall art, than actually getting built up. In any event, a
    few factual corrections (as I understand them anyhoo)... This
    Paramount 50'th Anniversary frame celebrated (oddly enough) Paramount's
    50 years in the bicycle business, not Schwinn's 50'th. Paramount was a
    division of Schwinn, but Schwinn had been in business for much longer
    than 50 years by 1988 when this frame was produced. Also, the
    Paramount 50'th Anniversary frames were produced (oddly enough) by
    Paramount. Waterford didn't even exist in 1988. Waterford evolved out
    of Schwinn's Paramount division several years later when Schwinn went
    bankrupt (the first time). Richard Schwinn headed up Paramount, not
    Schwinn.

    Seems like a decent price on a quality NOS frame with some historical
    significance and collector value. Can't buy anything with lugs from
    Waterford for close to that price.

    Cheers,

    -Jack

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