suncruiser

found this at a local co-op for $40, wondering if it's worth it. frame appears to be in good shape, the wheels need truing but don't look bad. needs bartape, tubes/tires and brake pads (and a regrease. probably hasn't been touched in years) but mechanically it feels great. size is even pretty close to perfect for me so I'm interested in picking her up.

Edit: appears to be a 73, orange in color and the fenders are still intact, if a little dinged up

Scooper

$40 is probably about right. Just bear in mind that with their straight gauge electro-forged carbon steel frames, steel rims, and lower end components, these bikes are very heavy by today's standards.

The one thing they have going for them is that they'll survive Armageddon (along with cock roaches).

lostarchitect 

They are heavy and clunky, and sometimes their construction is iffy, but people have a lot of nostalgia for them. Personally I wouldn't spend time and money fixing one up, but if you like it and can do it cheaply, I don't think $40 is unreasonable if the condition is ok.

Dave Cutter

Pictures would be nice.

+1 Nail on the head. There was countless numbers of them made. The people who owned and loved them (myself included) are nearly at a time when... well... when we won't be collecting anything anymore. So.... these old Schwinn's may be at the top of their value now. I would not expect a Varsity to be a big money maker any time soon.

But... the Schwinn Varsity is still a very ride-able and important piece of bicycling history.

OldsCOOL

Because it's orange it's worth it.

suncruiser

I pulled the trigger on it. I like the machine, and yes, she's heavy as all hell, but I'm looking forward to getting her back to working shape and on the road. (and the frame seems to fit me well! 5'9")

Metacortex

It looks like a 22" frame in Sunset Orange, pretty much all original with the factory fenders too. Well worth the $40, that's less than a dollar a pound. Here's the catalog page: