Join Date: Nov 2006
Location: NJ, NYC, LI
Bikes: 1940s Fothergill, 1959 Allegro Special, 1963? Claud Butler Olympic Sprint, Lambert 'Clubman', 1974 Fuji "the Ace", 1976 Holdsworth 650b conversion rando bike, 1983 Trek 720 tourer, 1984 Counterpoint Opus II, 1993 Basso Gap, 2010 Downtube 8h, and...
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Photos aren't working for me! I'd like to see them, though.
AW is Sturmey Archer's most common three speed hub (not two speed), introduced in 1938 . The shifter is probably marked L, N, H for low, normal, high gears. Post-war hubs have a two-digit date code that's pretty obvious; 48 = 1948. Earlier ones have a one-digit code, so 0 = 1940.
That tire size is obsolete, and now very hard to find, but agrees with a 1940 date.
Sounds like a very nice bike! Unfortunately (for you), American "lightweights" are not highly sought after. People who collect American bikes tend to go for the balloon tired ones.