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1949 Schwinn New World...Yes, That One...

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BTW...here's the Serail Number on the bike @Oilit just bought. So, if we go by the letters of the alphabet, does this make mine an earlier frame...along with a lower number?

1170011
 
It looks to me like the E-series frame above is newer - it has an electroforged bottom bracket shell. The U-series looks like a traditional, smooth shell. Schwinn restarted the alphabet at some point not too long after WWII. I have a C-series post-war New World from 1947, for example.

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It looks to me like the E-series frame above is newer - it has an electroforged bottom bracket shell. The U-series looks like a traditional, smooth shell. Schwinn restarted the alphabet at some point not too long after WWII. I have a C-series post-war New World from 1947, for example.

View attachment 1170156


The three piece crank hanger shells were not electro-forged where the one piece crank shells were all electo-forged except for the chain stays to BB joints.
 
The three piece crank hanger shells were not electro-forged where the one piece crank shells were all electo-forged except for the chain stays to BB joints.
Yup. And the way I have always understood it was that the AS&CO (smaller BB) was a superior upgrade / sports-tourist option (better parts) and the typical clover style (larger BB) was the standard issue NW option (base package). You could build them however you wanted. I don't know if that is right but it makes sense. And you can't swap the AS&CO crank out for the clover and vise versa. Like @GTs58 said, they are different sized BBs designed for each respective crank assembly.
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