Wow; that almost looks like original paint. I'd look at it really closely. Check to see if any bearing cups are purple or any signs of a repaint because I've never seen a purple W/H like this. Decals and pinstriping sure make a case for it being original. The bike dates around 53-54.
All parts on it appear correct and it's complete sans guard. The paint is the big question, but if it's OG, I'd say midwest value would be in the 4-500$ range.