1971 Scwhinn Grey Ghost 2 Speed Kickback?

[DjBMill]

Hi everyone. I’m new to the forum. I picked this up today for $275. I ran the serial number and it came back a 1971 Chicago Schwinn. Did they make a 2 speed Grey Ghost? I only thought they made a 5 speed with the nut buster shifter. I was hoping I could get some insight to this bike and maybe an estimated value as is and after I restore to original condition. Thanks in advance.

 

[DjBMill]

The serial number came back Feb 1971

 

[sworley]

Nice score!! The two speed kickback, rear tire, atom front hub nor the tall sissybar are stock but damn are they cool additions! They did make coaster brake Krates and this is one of em. At $275 you did exceptionally well!

 

[DjBMill]

Nice. So should I restore to original? Will that mean I’d have to change or remove all those cool additions?

 

[sworley]

Depends on your intentions. I’d just leave it as is. Stock can be cool but those period mods are badass. At the end of the day it’s just a coaster Krate. They aren’t very valuable…

 

[volksboy57]

I would leave it as is. Clean it up, rad bike!

 

[JoshCarrell]

Leave it as Found. And I don’t know what you mean by “restore” but that is an excellent survivor. Anything you do that damages that Original paint would ruin the value. As it sets it is probably $1200-$1500. Of that were a five speed, you’d be looking at $3000+.

 

[DjBMill]

Leave it as Found. And I don’t know what you mean by “restore” but that is an excellent survivor. Anything you do that damages that Original paint would ruin the value. As it sets it is probably $1200-$1500. Of that were a five speed, you’d be looking at $3000+.

Thanks Josh,

By restore I just meant to take it back to original how it came from the factory. But it is very cool with the additions.

 

[nick tures]

cool find looks like it will clean up nice !

 

[kingsting]

Probably dealer add-ons. I'd leave them on there for sure.