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Ain't that the truth! If it had a tapered stand it would be a 1946. Ha! That's a weird serial number too. Looks like some of the stampings were before paint and some after paint. Not sure what Schwinn's practices were at that time, but when the numbers were machine stamped they were stamped on the shell before it was used in building a frame.
So that makes sense on stamping shell before frame build. Great info that maybe starts making sense of Schwinn prewar numbers ! When Fender guitars were built, the serial number plates were pulled randomly out of a box and put on guitars as they were finished. David Gilmour (Pink Floyd) owns Fender Stratocaster serial #1. But it is agreed that there is no way to tell what production number that guitar or others actually were. Think you may have solved the 35-37 Schwinn serial number dilemma !!!
Schwinn seems to do it that way all along, tell the end, I've had a few 77-83 Spitfire/Cruisers with the #'s on the head tube and when assembled #'s were upside down on the wrong side!
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