Both of these bikes are I serial New Worlds and they both have the dog leg covering the S.
View attachment 2218379
What other examples exist?
I understand there is no ephemeral evidence. I also understand the way these are done is inconsistent with how they could have, should have been done.
Then
@Miq shows the mens above (I serial), now there is this one with an I serial number also.
The thing that always rings in my head is that at first, I only saw them on girls bikes which is inconsistent with nature.
IE: How many girls are taking their bikes apart, securing a 3 piece chain and arm, creatively disassembling it with grinders and drills, making it fit to work on a one piece crank, and then putting it all back together without adding any other better parts. These are being seen on otherwise very average bikes.
Fathers and brothers doing it is a theory, and I can see that, yet there are no other mods which is also an earmark of the brother and father dynamic.
I lean towards these bikes all being sold by the same dealer, pre modified. At this point, after seeing so many, I think the most important thing is to find a bike shop decal on one of these.
On eBay today. I may ask for better pics of the crank area....
Here's your opportunity to own a very nice antique bicycle in very good condition, bicycle show to be all original, it has some age rust, tires are diamond and are both original, they hold air but they are crack on the sides, wheels have surface rust and they are solid same with the handlebars...
ebay.us