Hi , a friend of mine just bought this Magnet bicycle. It was hanging from the ceiling of the shed . I helped him up pull it down and He bought it

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SchwereFaust

'Lil Knee Scuffer
Hi I’m posting pictures of a bicycle that my friend bought from these guys up north from Chicago they had it in this Old shed hanging from the ceiling. So when we got it down , it was nothing that we’ve ever seen before. So now we’re hunting for parts it’s missing the petals tires in this piece that screws into the crank as you can see is open so any information Would be appreciated

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DrRumack80

Look Ma, No Hands!
Nice find!!! The frame construction and bottom bracket shell are very unique. Definitely a worthy restoration project. The 30" wheels and that proprietary rear hub will be tough to source, though. Hope your friend does a build thread here. Thanks for posting!
 

corbettclassics

I live for the CABE
Personally I don't believe this bike is a "MAGNET" because it doesn't really appear the same in certain details. It has the same chainring but that's it.
 

corbettclassics

I live for the CABE
This bike does not look like a "Magnet" in my eyes.

1) it does not have the same rear dropouts.
2) it does not have the same seat cluster.
3) it does not have the same chain stays (center crimp along tube)
4) it does not have the same chain ring - yes it is even different (yes it's actually different if you look at the center - does not have the 5 points .. it's circular)

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corbettclassics

I live for the CABE
Let me try to solve this for you >

What you have is a "CROSBY PEERLESS" ( and not a "MAGNET" )

1) it has the exact same rear dropouts.
2) it has the exact same entire seat cluster.
3) it has the exact same crimped chain stays.
4) it has the exact same chain ring with the center having the 5 star points to each area and not circular type as on the Magnet.
5) it even has the exact same rear cog as the original ad (which actually is not an identifying feature though but does still retain the original cog).

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