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Any experts who know how old this schwinn is?

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C

campglave

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My dad who's in his mid 80's bought this balloon tire schwinn twenty some years ago (and hung it in his garage) from an older fellow who said his dad used to ride it around in the 1930's. It doesn't seem to fit with what I read on the different websites. It has a serial number stamped where the frame attaches to the back wheel on left side. Number is E382685.My dad swears the guy was telling him the truth.
What do you guys think?
 

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thanks!

thank you for your assistance! I didn't think it was as old as he thought. Maybe we'll get some new tires and chain and go for a cruise,
right through the snow..
Audrey
 
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