Schwinn499
I live for the CABE
Exactly. This is a really, really well-preserved bike. The presence of preserve pin stripes on these separates the good bikes, from the extraordinarily well-preserved ones. It looks like there's still a lot of original paint and pin striping on this.
The chain guard might not be original, but is probably period correct. That chain guard is a generic type sold in the early 1940s that often turns up on road bikes. I have a 1940 Westfield roadster with that exact guard in black. Leave it on (you'll pay a lot for an original in as good a condition as your bike).
The saddle is correct and is quite valuable. If you do want to ride it a lot, then I would use a substitute saddle and preserve that original one. If you're just riding it casually, you can leave it on.
What is that on the top of the rear fender: a tail light or tail reflector? Looks interesting.
Ive seen these with this style guard on Schwinns painted to match more times than is dismissable as OG. Although its more common for Columbias and Westfields, I believe the guard is correct for this bike as well.
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