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1949 Schwinn locally
May be a 49 frame. Not sure what else is "original"
http://savannah.craigslist.org/bik/4841097411.html

00u0u_fxk6rNRyt7N_600x450.jpg
 
I agree. I may go take a look at it. Never seen a single speed rear atom drum wheel. My guess is that someone swapped out the 5 speed freewheel for a single freewheel. Definitely a mix match of parts.
 

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