jc higgins?

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just bought it today and all i know is it says jc higgins on the chain gaurd lol

serial # 502 45171-271225

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just curious of the year/model/type im not sure if the bike is worth much or worth restoring...i only gave $20 for it

started takin it apart some and the rear hub says RENAK and the handle bars say SCHWINN
 
...looks like a 26 inch frame with 20 inch rims...neat bike tho.
 
4517 is the catalog # for a 1951-53 Color Flow model, also called "Regal DeLuxe"! It would've had a tank, springer fork, skirt guards, and rear rack originally! How the mighty have been humbled! -Adam
 

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