Please don't make the ASSumption that on 12/31/1940 that Schwinn cleaned out all of it's parts bins and switched over all the models to the "new " styles. For anyone who has worked in manufacturing knows that quite a bit of overlap occurs, weeks and even months, especially if Schwinn had contracts with outside vendors for parts that were constantly being shipped in. Engineering changes are implemented in stages to tweek during production (called running changes and considered part of constant improvement). And frames were welded and stamped much earlier than when the actuall bike rolled off the assembly line and was "born". Think about it, painting had to occur, and curing (they didn't have powdercoat bake ovens then), decaling, parts assembly, packaging, warehouse and staging, then order pulling and master packing, shipping, uncrating and final assembly at the store. Plus the store was in business to upsell the customer and fancier assessories, maybe even the next year's new item might get to the store before last years serial numbered bike hit the showroom floor. This whole process could add months to the date it was actually stamped. Serial numbers are generalizations, model year parts overlapped, kids switched out broken items, the local Schwinn shop personalized bikes to upsell...all factors to take into account.