FIRST OFF, CONGRATS!
NICE FIND FOR A RIDER OR TO REHAB IT.
I WOULD CONCUR, THAT IT IS POSSIBLY A '46. (BASED ON SERIAL NUMBER).
DOES THE KICK STAND TAPER FROM THE TOP TO THE BOTTOM? (OFTEN CALLED A PENCIL POINT STAND THAT WAS EARLY '46).
THE RIMS ARE PROBABLY FLAT TOP LOBDELL RIMS USED ON DELUXE BIKES BY SCHWINN
IN LATE PREWAR WWII AND EARLY '46.( BEFORE THE S-2 RIMS IN '48)
AS FAR AS THE FENDER GOES IT IS INDENTED FOR A TUBULAR TRUSS ROD FORK. (USED FROM '46 - '48).
NOTICE THAT THE FORWARD MOUNTING HOLE FOR THAT STYLE FORK. ALSO THE 'DOUBLE INDENT' IN THE FENDER AT THE FORK ARMS. THERE IS ALWAYS THE POSSIBILITY THAT THE FRONT FENDER WAS PUT ON AT THE FACTORY
IN THE ABSENCE OF THE CORRECT ONE JUST TO KEEP PRODUCTION GOING. IT WILL NOT AFFECT THE RIDE.
THE BLUE FENDER PIC POSTED WAS USED FOR THE KNIFE BLADE TRUSS ROD FORKS USED ON THE LESS DELUXE BIKES. (OFTEN CALLED ASHTABULA )SP?
THERE IS NO REASON YOU CANNOT ENJOY CLEANING AND DETAILING THE BIKE AND ENJOYING A GREAT RIDE.
THE US ROYAL MASTER TIRES WERE ALSO AN EARLY POSTWAR DELUXE FIVE RIB TIRE.
ENJOY!