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Riddle me this Serial Number

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ballooney

I live for the CABE
L40683

Looking on the s/n chart reveals 6/1-6/2 of 1954 OR 8/4-8/8 of 1956. Which is it?

'56 seems more likely based on where the s/n falls but it is in the 'huge' range from '54 as well. The bike is a 20" dx ballooner.
 
Schwinn was well known for recycling serial numbers. It makes it more difficult that they did it during years that were close together. If the bike has the original crank you could pull it and check there.
 
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