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New Worlds were two notches down in the Paramount/Superior/New World line. Honestly they are really nice riding bikes. Instead of the Cr/Mo tubing of the Paramount and Superiors, it uses "Schwinn Seamless" tubing. Serial numbers as far as I know follow the usual Schwinn format. I have a 1947 that was allegedly a velodrome rental bike (dural hubs, fixie, drop bars, flip-flop stem and a Persons "racer" saddle"), and have seen a couple of articles on the web that said they were not "real racing bikes". Any Paramount or Superior parts were available on them, and I haven't seen the cranks that are on the picture before. An Ashtabula with flutes? A-OK in my book. These are nice bikes with comfortable geometry but fall in the black hole of "classic balloon era diamond frames". Don't tell anyone how nice they are! more threads are at: http://thecabe.com/vbulletin/showthread.php?8809-Age-on-Lightweight-Schwinn-New-World&highlight=1940
and http://thecabe.com/vbulletin/showthread.php?4216-1940-schwinn-new-world&highlight=1940
Ride it, you'll like it!
Edit- with the rear-facing drop outs and welded seat tube clamp, its probably pre-1940/1941, and I think they started building them in 1937 or 1938. Forward facing drop outs were used on New Worlds (at least) before WWII. And that is all I know.
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