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How old is this Cycle Truck?

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Legislator

Look Ma, No Hands!
Came upon this Cycle Truck. Looks to me to be a Prewar Schwinn, but with a few parts swapped out over the years (looks to have done some work too!)

I snapped a few pictures, including the serial number, which looks to be I 8559.

Any thoughts or knowledge is appreciated!
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Prewar 1942 “I” serial #, looking at rear drop outs and drop stand that isn’t attached to the front fork.
Best guess,
Jon
 
That's what I thought, but CT is not my specialty. Anyone know which headbadge came with this year?

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That's a great ad!

Any guess what one of these sells for usually?

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Did they ever have a CT without a badge that says CT ? I have an old CT with an Excelsior badge that looks like its been on the bike forever.
 
Did they ever have a CT without a badge that says CT ? I have an old CT with an Excelsior badge that looks like its been on the bike forever.
Saw one guy claiming got from original owner and had BFG badge, but schwinn sticker on chainguard....
 
The holes drilled through the frame ,especially the large one would be a deal breaker to me.
 
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