Nice start! Those lobdells look like they’d clean up pretty decent, and be a expensive set of wheels if you buy a porkchop for it along with the shoes. This would probably be the correct chainring for your bike and if its a 41 you could look for a deluxe guard or a relatively easy to find feather guard.
Someone said it's 40 because of the serial number, but wouldn't it have to be really late 40 because of the Lobdells? I may be shopping for at least one at some point. I know one of them is clobbered and I can't remember about the other one. It is usable, but has insane tension on some of the spokes, and hardly any on others, at least thats what I remember. I had an early mountain bike at one point. The frame broke, I kept the rims because they look a lot like Lobdells, and I figured the Lobdells might be beyond help. No internet then. I need to decide how deep I am going to dig in, but would like to collect whats missing either way... at least if it turns out that most of the parts I have are the same year.
I have another similar bike all in pieces, or at least i did. It may be a year or 2 older. When I drug the bike this thread is about home, I couldn't find the frame. I hope it is still around. Sometime soon I will post a thread about that one.
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