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December would be the date frame was made but, on the badge, next to the 'I' in Schwinn is the actual date the bike was built. It'll be a 1978. Cite those 4 numbers right next to the 'I' from highest to low.
My guess is $300-$400. List it in here or on eBay and see. True value is determined in what someone will actually shell out for it. Not what a handful of people who have no intention in buying it say.
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