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Stingray - Help with year / value?

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Unfortunately, that’s not true. The serial number was stamped on the dropout component sometime in December. And then that dropout was used sometime later to build a frame. The serial date has nothing to do with a build date of any kind.
But to be clear, the other possible dates (based on guesses at the second letter being B, P or R) were 1978 or 1980, a minimum of about six years beyond when Schwinn transitioned to the steering tube location for the serial stamping. Given that Schwinn stamped a month code letter as well as a year, they were giving themselves a month, tops, to turn that stamped dropout into a frame.

I was also going to mention that the bike also does not have the reflectorized pedals that were added in 1971.
 
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