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Catalog illustration does seem to be very similar, but the description indicates the regular 131/132/133 'Racer' to have arched fork crown versus the plate fork crown on the 'Special Racer'. For that extra 10 bucks you also got upgraded "special tubular hubs" instead of the "flanged barrel...
Regarding paint, I am inclined to think that there are several coats of red/carmine over black. May have an original factory applied carmine coat, with later additional touch up coat added in areas of wear. This is evident in the particularly thick paint with craquelure at top of seat tube...
Congrats on your beautiful Pierce 'Special'! I believe, as Shawn suggested above, your bike to be a non-Racer Pierce Special, based upon frame size. From the photos it appears the frame is 24" or even 25", a taller frame than Pierce would have used on Racers, which were only available in 21"...
Hill climb cycle racing was popular in Europe in the 1880s, as evidenced by the oldest continuing cycle race in the world, the Catford Hill Climb:
http://www.catfordcc.co.uk/hillclimb/history.aspx?sm=21_4
The Catford Cycling Club history refers to the particular popularity of hill climbs...
Glad you are not parting the tank on this splendid bike and survivor, Amanda! Tank is absolutely correct.
http://https://share.shutterfly.com/share/received/welcome.sfly?fid=6bec497e50f943da&sid=0AZNmLVi5ZN2KibM...
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