Just picked this out of Mike's trailer at VBS, it's for my wife. Got it for $75 with everything except a chainguard. Mike said it was 40's maybe prewar but i think maybe late 40's since she has a 1/2" cog on what appear to be the original set of New Departure wheels. Then again i dunno too much about this stuff, i'm new to the hobby. Quick update, i was going to start taking it apart for paint at the end of this month, the stem was rusted in solid. I actually bent the forks while holding them down to hit it with a very large hammer (no, i didn't start like that, it was an escalation of force). In desperation to disassemble i cut the old stem off with a hack saw so i could loosen the headset... that's rusted solid too. I left it at the bike shop when i felt like throwing the frame out of frustration, at least they will have a vice and more patience. On to the pics>
IMG_4829 by sabbparrish, on Flickr
IMG_4831 by sabbparrish, on Flickr
IMG_4829 by sabbparrish, on Flickr
IMG_4831 by sabbparrish, on Flickr
