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Scwhinn Paramount Series 7 PDG

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Old 06-29-15, 10:28 AM
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Scwhinn Paramount Series 7 PDG

Hi, I'm a long time lurker, but newly registered. I mostly ride a single speed or a multi-speed tandem, but have been contemplating getting an older road bike. I see a seller in my area with a Schwinn Paramount Series 7 PDG in my size. I'm aware this was made in Asia as opposed to US, so I know it isn't considered by many to be a real "Paramount". I hear mixed opinions of these bikes. Any thoughts on what this bike is really worth? I'm guessing the seller is asking too much, but I cannot find a lot of recent sales online to compare.

Paramount Series 7 Road Bike 15 speeds

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Old 06-29-15, 11:23 AM
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15 speeds = clueless seller.

High price given average condition.

I have a Series 7 myself. Mine is the 650 version.

I think the price is strong, particularly for a local sale. At that price, you are getting close to what you could get a 1980s Waterford Paramount for.

I like my color scheme a lot better., but that's a personal taste thing. I picked mine up as a frameset on eBay, so it is missing original components. Mine is a mix of DA 7400 and DA 7700, except for the modern Ultegra crankset.


For a while, I had pretty much cornered the market around here for 1992 series Paramounts. I had a series 3, 5, 7, 9C and 70. The 3 and 5 are gone. I'll probably end up with just the 7 and the 70 (9C will move on).

[IMG]1992 Schwinn Panasonic Series 7 by bill, on Flickr[/IMG]

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Old 06-29-15, 11:27 AM
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Here's one that sold CHEAP, but had some condition issues. That era STI are repairable, so gummed up is not irreversible.

1992 58cm Schwinn Paramount Series 7 650c TT Tri Bike Bicycle Road Barn Find 600 | eBay
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Old 06-29-15, 12:45 PM
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Originally Posted by wrk101
15 speeds = clueless seller.

High price given average condition.

I have a Series 7 myself. Mine is the 650 version.

I think the price is strong, particularly for a local sale. At that price, you are getting close to what you could get a 1980s Waterford Paramount for.

I like my color scheme a lot better., but that's a personal taste thing. I picked mine up as a frameset on eBay, so it is missing original components. Mine is a mix of DA 7400 and DA 7700, except for the modern Ultegra crankset.


For a while, I had pretty much cornered the market around here for 1992 series Paramounts. I had a series 3, 5, 7, 9C and 70. The 3 and 5 are gone. I'll probably end up with just the 7 and the 70 (9C will move on).

[IMG]1992 Schwinn Panasonic Series 7 by bill, on Flickr[/IMG]
Ha! 2 chainrings, and 15 speeds! I didn't even notice. The Paramount is a re-post - he's had it on Craigslist on and off for a few weeks now. Maybe I'll send a low-ball and see if he bites. But I'm guessing the ad will still be up for a long time.
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Old 06-29-15, 12:57 PM
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Very cool bike, but I agree that the price is too high. Wait it out. See if he comes down. Unless you gotta have it.
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Old 06-29-15, 01:00 PM
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Overpriced by $250-$300 IMHO.

Here is a very nice Miyata:
Miyata Seven Ten, fits 5'5"-5'10", update tires&cable, nice condition

Close enough to try it out for size:
TREK 400 ROAD BIKE

Ironman bargain
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Old 06-29-15, 01:27 PM
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everyone is spot on...1/2 the price.
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Old 06-29-15, 01:34 PM
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I feel the same, nice bike but price seems real high, especially sine it will likely need the bearings service and tuneup.





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Old 06-29-15, 01:49 PM
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Originally Posted by oddjob2
Overpriced by $250-$300 IMHO.

Here is a very nice Miyata:
Miyata Seven Ten, fits 5'5"-5'10", update tires&cable, nice condition

Close enough to try it out for size:
TREK 400 ROAD BIKE

Ironman bargain
Centurion Dave Scott Ironman Master
Thanks Oddjob - I like the look and ride of older bikes, but I'm no expert by any means, so I don't know how all those bikes compare.

I saw the Miyata 710, but I don't know much about those bikes.

The Trek may be nice, but besides being a tad small perhaps, I've also dealt with that seller before, and he was a real SOB. I visited him once while looking for a commuter, and he got rude when I didn't like anything he had and wouldn't buy the old, steel rimmed POS that he was trying to push on me.

I also saw the Ironman, but one of the pics showed the bottom bracket and it looked like it was starting to rust, so it scared me a bit.

There is also a Schwinn Premis for $280 - I hadn't heard of that bike until I saw it on Craigslist, and it says it has Columbus tubing: 54 cm Schwinn Premis / Columbus Tubing / Weinmann / Suntour / Aero Compe

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Old 06-29-15, 02:52 PM
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I got $350 for my mint series 2
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Old 06-29-15, 06:30 PM
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You can't go wrong with either the 710, Ironman, or Premis. They are all priced about the same as well and all appear to be in clean condition and good repair. I currently have several Miyatas (912, Team) , Centurion (Comp TA, 2 Ironmans), and several 1980's Schwinns (Tempo, Prelude, Super Sport, and Voyageur). I would not worry about rust on the Ironman, they are prone to show rust a little earlier than some bikes, but will last another 30 years easy.

The Ironman has the most favored component group, Shimano Tricolor 600. It has no clearance for fenders.
The Miyata has rack eyelets, but also has limited or no fender space.
The Premise has Suntour Cyclone components, also highly regarded. No fender space either.

Go ride each of them and at least one will feel better than the rest. Or buy two and then decide.
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Old 06-29-15, 07:28 PM
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Ironman for the WIN!
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Old 06-29-15, 08:34 PM
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Originally Posted by Steve Whitlatch
I got $350 for my mint series 2
Yes, but IMHO, you got a premium to market value of around $100 relative to what most series 2s are worth, due to the absolutely pristine condition yours was in. My take is, in the condition the bike in the ad looks to be in, it's worth $350-400. As I own one that I built up myself from the bare frame (which I paid $120 negotiated down from $150) in similar condition to the one in the ad, I can only say that I WISH they were worth what the CL seller is asking for it - but it's not, at least not in terms of market value. But that being said, IMHO, the market undervalues these bikes relative to the underlying quality of the frames, simply because they are not U.S., Schwinn-built Paramounts. IMHO, they are actually amongst the best steel bikes that you can generally get for under $400 or so. My short list of steel bikes that I would say one should look for in that price range would be:

A properly priced Paramount PDG Series 5 or 7,
A Trek 500 or 700 series bike from back when they were steel frames
A Centurion Ironman (If the one you saw was in good condition, I'd jump on it)
A Bridgestone RB-1
A Raleigh Competition (this might go for more than $400, although was recently listed in Tucson for $175).
The Miyatas are nice too, but they tend to be more relaxed geometry touring bikes, whereas the others here are more performance sport geometries.

The Paramount Series bikes are the newest of these, and the only ones that were factory equipped with Index-shifting.
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Old 06-29-15, 09:06 PM
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Originally Posted by D1andonlyDman
Yes, but IMHO, you got a premium to market value of around $100 relative to what most series 2s are worth, due to the absolutely pristine condition yours was in. My take is, in the condition the bike in the ad looks to be in, it's worth $350-400. As I own one that I built up myself from the bare frame (which I paid $120 negotiated down from $150) in similar condition to the one in the ad, I can only say that I WISH they were worth what the CL seller is asking for it - but it's not, at least not in terms of market value. But that being said, IMHO, the market undervalues these bikes relative to the underlying quality of the frames, simply because they are not U.S., Schwinn-built Paramounts. IMHO, they are actually amongst the best steel bikes that you can generally get for under $400 or so. My short list of steel bikes that I would say one should look for in that price range would be:

A properly priced Paramount PDG Series 5 or 7,
A Trek 500 or 700 series bike from back when they were steel frames
A Centurion Ironman (If the one you saw was in good condition, I'd jump on it)
A Bridgestone RB-1
A Raleigh Competition (this might go for more than $400, although was recently listed in Tucson for $175).
The Miyatas are nice too, but they tend to be more relaxed geometry touring bikes, whereas the others here are more performance sport geometries.

The Paramount Series bikes are the newest of these, and the only ones that were factory equipped with Index-shifting.
I have an 87 and 88 Ironman with OEM Suntour GPX on one and Tricolor on the other, most definitely index shifting.
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Old 07-01-15, 06:33 AM
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I think the 5s and 7s were made in Japan vs Taiwan for the lower numbers. I paid $600 for a 7 like this one a couple of years ago but it had a 10 speed 105 set up. I probably overpaid $100 or so but the frames are very nice. The internal routing for the rear brake and the diamond bottle cage mounts are fancy details. The purple paint is very pretty. The unicrown fork is an odd and not too attractive feature. Can't imagine why they thought that was a good idea.
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Old 07-03-15, 06:30 AM
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So I met a guy with a Schwinn Premis, and I liked it. I'm supposed to meet again today to buy, but now I'm feeling a bit uneasy. Here's the ad for the premis:
Schwinn Premis / Columbus Tubing / Weinmann / Suntour / Aero Comp

I noticed this ad for a Prelude as well:
Schwinn Prelude Columbus Tubing, Suede Jaguar saddle, Weinmann wheels

When I asked him last night about buying the Premis, I asked if he was selling a Prelude as well. He said no, and I mentioned that I saw an ad for a Premis with a picture that looks like it was taken in the same spot. He said, yeah, he had seen that Prelude too. Now this morning, I'm looking at both ads, and they have to be by the same seller. I searched for some terms he used in the ads, and I found these as well:
Trek 400 Series USA / 49cm/ Campy / Campagnolo / TrueTemper Frame
Trek 400 Series USA / 49cm/ Campy / Campagnolo / TrueTemper Frame

Actually, for each bike, he has two ads - if you search for those bike models, you'll see 2 almost identical ads for both. So, I'm pretty sure he's selling all 4 of these bikes, but I cannot fathom why he would have lied to me last night about the Prelude. Am I just being paranoid, or is this some indication that the bikes might be stolen, or is something else shady going on? I'm supposed to meet him in 1.5 hours, so not sure what to do.
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Old 07-03-15, 07:47 AM
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Originally Posted by dejfatman
So I met a guy with a Schwinn Premis, and I liked it. I'm supposed to meet again today to buy, but now I'm feeling a bit uneasy. Here's the ad for the premis:
Schwinn Premis / Columbus Tubing / Weinmann / Suntour / Aero Comp

I noticed this ad for a Prelude as well:
Schwinn Prelude Columbus Tubing, Suede Jaguar saddle, Weinmann wheels

When I asked him last night about buying the Premis, I asked if he was selling a Prelude as well. He said no, and I mentioned that I saw an ad for a Premis with a picture that looks like it was taken in the same spot. He said, yeah, he had seen that Prelude too. Now this morning, I'm looking at both ads, and they have to be by the same seller. I searched for some terms he used in the ads, and I found these as well:
Trek 400 Series USA / 49cm/ Campy / Campagnolo / TrueTemper Frame
Trek 400 Series USA / 49cm/ Campy / Campagnolo / TrueTemper Frame

Actually, for each bike, he has two ads - if you search for those bike models, you'll see 2 almost identical ads for both. So, I'm pretty sure he's selling all 4 of these bikes, but I cannot fathom why he would have lied to me last night about the Prelude. Am I just being paranoid, or is this some indication that the bikes might be stolen, or is something else shady going on? I'm supposed to meet him in 1.5 hours, so not sure what to do.
I do not think they are stolen. Both look to be in great condition. Haggle with him. He is asking top dollar for them. They have been listed for a while now.
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Old 07-03-15, 08:00 AM
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I like this one if it fits.



This is nice too

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Old 07-03-15, 08:33 AM
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You're overthinking the whole thing. Multiple ads are common in large metropolitan cities that have submarkets.

That Premis is in VG condition. Make your best deal and enjoy the ride!

Last edited by oddjob2; 07-03-15 at 08:38 AM.
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Old 07-03-15, 09:27 AM
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I agree that you were overthinking the CL thingie...so...did you end up with the Premis (my choice)...or the Prelude?
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Old 07-03-15, 11:46 AM
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Originally Posted by D1andonlyDman
The Paramount Series bikes are the newest of these, and the only ones that were factory equipped with Index-shifting.
The Series 7 had STI, if I recall correctly, 6400.
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Old 07-03-15, 02:07 PM
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Originally Posted by daf1009
I agree that you were overthinking the CL thingie...so...did you end up with the Premis (my choice)...or the Prelude?
I understand the multiple ads for a single bike so you can refresh them at intervals to keep your ads near the top. I was more perplexed about why he would lie about being the seller of the Prelude when I asked.

Anyways, I bought the Premis. He wouldn't come down from $280, but I really liked the ride and the fit. I've been looking for a nice roadbike for a few months and was tired of doing the Craigslist thing. Now, we'll see how I take to the road bike experience. I haven't ridden anything besides my single speeds for years. If I don't like the shifting experience, it should make a nice single speed.
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Old 07-03-15, 02:24 PM
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Congrats!! Enjoy.


Let us know how it is going. https://www.bikeforums.net/classic-vi...roved-293.html

BTW there are a lot of great guys in here from around the area maybe you can hook up with a few of them on there occasional rides.
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Old 07-03-15, 02:29 PM
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Originally Posted by dejfatman
I understand the multiple ads for a single bike so you can refresh them at intervals to keep your ads near the top. I was more perplexed about why he would lie about being the seller of the Prelude when I asked.

Anyways, I bought the Premis. He wouldn't come down from $280, but I really liked the ride and the fit. I've been looking for a nice roadbike for a few months and was tired of doing the Craigslist thing. Now, we'll see how I take to the road bike experience. I haven't ridden anything besides my single speeds for years. If I don't like the shifting experience, it should make a nice single speed.
Congrats and nice bike. You do not have to shift the bike just because it has shift levers. Find your favorite gear and mash on! The only thing I did not like about the late 80`s Schwinn`s are those saddles. They hurt my rear end real bad after a couple miles. When I had mine, the original saddle went in a box and was replaced with a comfortable one. Enjoy!!
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Old 07-03-15, 02:30 PM
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Originally Posted by D1andonlyDman
Yes, but IMHO, you got a premium to market value of around $100 relative to what most series 2s are worth, due to the absolutely pristine condition yours was in. My take is, in the condition the bike in the ad looks to be in, it's worth $350-400. As I own one that I built up myself from the bare frame (which I paid $120 negotiated down from $150) in similar condition to the one in the ad, I can only say that I WISH they were worth what the CL seller is asking for it - but it's not, at least not in terms of market value. But that being said, IMHO, the market undervalues these bikes relative to the underlying quality of the frames, simply because they are not U.S., Schwinn-built Paramounts. IMHO, they are actually amongst the best steel bikes that you can generally get for under $400 or so. My short list of steel bikes that I would say one should look for in that price range would be:

A properly priced Paramount PDG Series 5 or 7,
A Trek 500 or 700 series bike from back when they were steel frames
A Centurion Ironman (If the one you saw was in good condition, I'd jump on it)
A Bridgestone RB-1
A Raleigh Competition (this might go for more than $400, although was recently listed in Tucson for $175).
The Miyatas are nice too, but they tend to be more relaxed geometry touring bikes, whereas the others here are more performance sport geometries.

The Paramount Series bikes are the newest of these, and the only ones that were factory equipped with Index-shifting.
Funny you mention the RB-1. I once saw a bike listed on Craigslist as an RB-7 for $150. It was in good shape (looked basically new), but I didn't know anything about it and couldn't find anything online either. Then I looked carefully, and realized the '7' was really a '1', kind of written in cursive. I saw that there were other RB-1s on Craigslist asking for $350 - $500. Unfortunately the bike was very small (48cm?), so I contacted the seller and told him it was really an RB-1 just to be nice. He thanked me and said he'd let me have it for the original asking price, otherwise he was going to relist it. He got it at an estate sale, and it looked hardly ridden, but he didn't know what it was.
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