88 is possible, probably even later. I knew 80 was way too early. That's a Fu Pao crank. It's a fairly high quality forged one (like Ashtabula, but foreign made). Fu Pao usually werent finished nearly as good as Asthtabula or even as well as Schwinn's other American sources (Wald?) they used in the earlier days. It might even be Chrome Moly, look on the other side of the center part for a mark. It's 165mm like every other 26 inch Schwinn with a one piece crank after the war. By 1988 Chicago Schwinn and Ashtabula were long gone, but as you can see the parts are still more or less to to traditional Schwinn specification. I'll bet that crank is 28TPI too.