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Shelby help

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The badge is 1920’s - 1930’s Shelby. I had one on an original 1939 Shelby Nonose. The only thing I can’t picture as Shelby is the area around the pedal crank, but Shelby used a lot of different parts as they became available, so it is possible.

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I’ve checked the wheelman library they don’t have any arrow flight bikes at all and they’ve never seen a bike like it so I’m baffled.
 
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