One nice thing about these Schwinns is the rock hard paint and sturdy chrome- they clean up amazingly well. On your tank and areas of light surface rust, I would use naval jelly to eat that off, should not hurt the paint, but can damage decals, just check it after 10 minutes or so, may need to leave on a lot longer. If you want to bring any faded color back, use a light polishing compound and 0000 steel wool- avoid the pinstriping, it's not as tough. Then I usually go over it with WD40 and 0000 steel wool, removes the residue from the compound, and shines it up- plus will help keep those bare metal areas from re-rusting.
Just spent 2 days cleaning/servicing this recent buy, a 1950 B6, took it completely apart, scrubbed and shined every part, and put in new bearings- hadn't shined the chrome rear wheel yet in the pic but have since, it cleaned nicely as well. We need a rack for this one too. Good luck and have fun
Darcie
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