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  1. #1
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    Schwinn Paramount

    I just bought a Schwinn Paramount, and i have been doing a bit of research, and i think i vastly underpaid for this bike. I have no idea what year it is, but i saw the same exact bike with a different saddle for 1200 bucks, I paid $25.




    its got its scrapes, but it is a sweet bike. please help me with a bit of advise. im about to turn it into a fixie if i dont get advised to sell it and make a small fortune

  2. #2
    K2ProFlex baby! ilikebikes's Avatar
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    I'm not 100% on this but I think thats not worth 1200, I know the sweet older ones are, but I really don't think that one is, I know its worth something, but not $1200.00!?
    You see, their morals, their code...it's a bad joke, dropped at the first sign of trouble. They're only as good as the world allows them to be. I'll show you. When the chips are down, these...These "civilized" people...they'll eat each other. See, I'm not a monster. I'm just ahead of the curve

  3. #3
    bikes ride
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    well, ive seen them for around 300-500 as well, so i assume there are different models of the Paramount...

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    If it's an early Waterford built model, it would fetch quite a bit. Even the later "series" models seem to fetch a few hundred, for what it's worth.

    Check this out too see if its a Waterford:

    http://www.waterfordbikes.com/site/c...ara_dating.php

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    This seems to have the same decal set, which sounds to be from Waterford.

    Tell you what, I'll give you $100 for it and I'll do the legwork. :-p


    http://cgi.ebay.com/Vintage-Schwinn-...d=p3286.c0.m14

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    An '86 Waterford Paramount frameset just went for less than $500.00 on ebay.

  7. #7
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    What kind of components are on it? Dura-ace?

    If it is indeed a waterford paramount you should be able to get a lot of money for it. Is the seatpost down so low because that's the only way you can ride it?

    Sell it to someone who will appreciate it with gears on it and it fits. And use the money to buy a nice real track bike (that fits you). Then everyone will be happy.

    You're close to SF right? You could sell it on craigslist.
    Last edited by prof2k; 08-17-09 at 01:07 AM.

  8. #8
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    Schwinn's top of the line bike. You paid $25 for it? I have to say some people don't know the value of a Paramount! Its a sweet bike!

  9. #9
    bikes ride
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    the seat is down becasue it is a bit too big for me, my dad literally slammed on the brakes in the middle of the road and bought it from a garage sale. i was thinking the same about selling it, but it is just a cool bike, i really like it. maybe a trade for a similar bike that is too small for someone

  10. #10
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    Yes, 25 dollars is a major bargin for any Paramount. As it was mentioned, there are big differences in between the many versions of the Paramount.

    Condition is a big part of the value and is very important in the +1000 range. I am guessing you probably saw an earlier Paramount go for those prices. Still, it's a fine bike and worth a good chunk more than what you paid. How much? I have no idea myself.
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    There is a Paramount just like that selling in the bike shop down the street from me for 900 dollars. So you SCCCOOORREEEDD.

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    Senior Member rumrunn6's Avatar
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    I saw one for sale near me for $800. this week. Too bad it's too big for you. If it's not the rght fit to ride then refurb it and sell it for top dollar. I almost had the bike I wanted shipped from CA and wound up driving 7 hours round trip to get another. Even if your market isn't hot for this bike - someone somewhere will want it. Be prepared to ship it too ...
    cycling is like baseball ~ it doesn't take much to make it interesting

  13. #13
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    Please don't turn this bike into a fixie!

    If you need a frame for such pursuits and joys, I'm certain a C&Ver will gladly give you a more appropriate candidate and throw in a sweet powder coating in the color of your choice, plus pay you a very nice profit on your bargain find. Be patience and you will be awarded with what you desire. Thanks!
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  14. #14
    DRF aka Thrifty Bill wrk101's Avatar
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    How about providing a link to where a Paramount just like that one sold for $1200? That would be a new benchmark for sure.

    $300 to $500 bike, depending on condition. I passed on one for $375 in really good condition.

  15. #15
    car dodger norskagent's Avatar
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    what is the serial # on the bottom bracket? what are the components and their condition? Is the frame scratched, dinged, chipped, straight,etc. All this helps determine value.
    1989 Schwinn Paramount OS
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  16. #16
    Old Skeptic stronglight's Avatar
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    Late 1980s Paramounts as well as other high quality bikes seem to sell for fairly bargain level prices - that is, considering the high overall quality. They are too new to be considered serious "collectibles" by many people. And, they lack the fancy old lugwork and flashy chromed head lugs which many people seem to love. So, they are sort of lost in a vast sea among many other good quality imported steel racing bikes of the period.

    Paramount was having tough times justifying their top level prices and sales were falling. They were struggling to change their racing image during the PDG (Paramount Design Group) era. Unfortunately, this was a period when much lighter weight aluminum and titanium racing bikes were gaining recognition in serious racing circles. So, they were mainly appreciated by die hard, often nostalgic, Schwinn fans. I think the plain looking style was an attempt to simulate the plainer looking Italian racing bikes (Masi and such) which were noticed as having much better sales success - at least during the first half of the 1980s.

    The components on the Paramount were still top quality, so if those are still on the bike they would be a definite asset and may even be more valuable parted-out for someone's recent era restoration of another bike. Don't get me wrong, the framesets were still fine quality and well made. So, a good choice for someone content with a heavier weight racing bike... But, who is (or was) seriously looking for a heavy bike with racing geometry? A tough period for steel racing bikes - perhaps a last ditch hope at the end of the Steel Era.

    Steel bikes are making a comeback today. BUT... they are a very different style and a different geometry - generally bikes which are used for more general purpose recreational riding, rather than the short wheelbase racing style bikes. Most Rivendell bikes would be typical examples of this.

    Apart from modern multi-thousand dollar custom built bikes, high-end steel bikes of the 1970s and earlier are holding their value or even appreciating. For fixed gear conversions, any thoroughly cheap bargain finds which can then be pimped out with flashy colors from a nice cheap powder-coat seems to be the general preference. So I think the Paramount would not be a very desirable choice for cashing in on this trend.

    Personally, I'd say first go ahead and find out the date from the Waterford website... then place the bike on eBay or Craigs List. And be happy if you get a quick $500... which is still 20 times! what was paid for the bike. And this should definitely finance you a top rate completely new fixed gear/single speed bike actually made for and better suited to that intended purpose.

    Good Luck!

  17. #17
    Senior Member vincev's Avatar
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    $25 is a steal no matter what paramount it is
    [IMG][SIGPIC][SIGPIC]http://i263.photobucket.com/albums/ii125/vincev_2008/idiotpic.jpg?t=1226942548[/SIGPIC[SIGPIC]][/[/SIGPIC]SIGPIC][/IMG]

  18. #18
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    it was mad in may of 1985 and it is the 80th bike made, the rear wheel needs trueing and a new tire, but it had dura-ace cranks, brakes, shift levers on the frame, gears, and everything else that isnt on the frame, accept the seat. it is too big for me so i am going to post it up for sale.

    http://www.schwinnparamountfactory.com/bikes.htm
    scroll almost all the way down to the bottom.

  19. #19
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    Quote Originally Posted by stronglight View Post
    Paramount was having tough times justifying their top level prices and sales were falling. They were struggling to change their racing image during the PDG (Paramount Design Group) era. Unfortunately, this was a period when much lighter weight aluminum and titanium racing bikes were gaining recognition in serious racing circles. So, they were mainly appreciated by die hard, often nostalgic, Schwinn fans. I think the plain looking style was an attempt to simulate the plainer looking Italian racing bikes (Masi and such) which were noticed as having much better sales success - at least during the first half of the 1980s.
    I really respect your opinion and historical knowledge. But I'm having a little trouble making this add up. Steel bikes were prevalent in the pro peloton well into the 1990's. Titanium and carbon-fiber were becoming more common, yes, but were still not "everyday wear" for most pros or amateurs. I think the OS frames were pretty up-to-snuff as serious racing tools - they were very stiff for one thing. Paramounts were also used prominently by domestic pro squads - first Schwinn-Icy Hot and then the Wheaties Schwinn team (and by a young Lance Armstrong). Aluminum frames didn't become dominant in the pro - or other - ranks until Paramount had become Waterford, AFAIK. If Schwinn was fighting for market share for the Paramount, they were doing it for the most part against other steel designs. And I believe the Paramounts actually sold pretty well - they created enough demand for Schwinn to outsource production of some of the frames. (I'd love to own a Paramount frame built with Reynolds 753 OS).

  20. #20
    Senior Member miamijim's Avatar
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    Awhile back there was an inquiry in the appraisal section in regards to a 93/4-ish Paramount with full Dura Ace STI. It sold for $1200 on Ebay.

    In general full Dura Ace bikes start in the $450 area and go from there. I cant make out many detaisl but the OP's bike has cheap pedals, no DA dust caps and non-DA brake levers and its BIG. Realisticly its a $500-700 bike.
    WWW.CYCLESPEUGEOT.COM 2005 Pinarello Dogma; 1991 Paramount PDG 70 Mtb; 1976? AD Vent Noir; 1989 LeMond Maillot Juane F&F; 1993? Basso GAP F&F; 1989 Terry Symmetry; 2003 Trek 4700 Mtb; 1983 Vitus 979

  21. #21
    bikes ride
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    what is an OP bike, sorry for total noob question, but just getting into this. i dont want to rip someone off, but id like to get what the bike is worth, that way someone who really wants the bike will get it too.

  22. #22
    Super Moderator BillyD's Avatar
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    OP, I hate you!

    How's that for "what's it worth"?
    Where else but the internet can a bunch of cyclists go and be the tough guy? - - jdon
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  23. #23
    Senior Member miamijim's Avatar
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    OP = Original Poster Its usualy the person who started the thread, in this particular instance OP = apexwagon
    WWW.CYCLESPEUGEOT.COM 2005 Pinarello Dogma; 1991 Paramount PDG 70 Mtb; 1976? AD Vent Noir; 1989 LeMond Maillot Juane F&F; 1993? Basso GAP F&F; 1989 Terry Symmetry; 2003 Trek 4700 Mtb; 1983 Vitus 979

  24. #24
    K2ProFlex baby! ilikebikes's Avatar
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    My response would have been something along the lines of: "Does your bike have computer controlled suspension? Then shut your piehole, this baby is from the future!"
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    Quote Originally Posted by NormanF View Post
    Schwinn's top of the line bike. You paid $25 for it? I have to say some people don't know the value of a Paramount! Its a sweet bike!
    No doubt it's way more than a deal at $25.00, but I'll live the rest of my life in the deepest darkest corner of satans bowels if that Paramount is worth $1200.00! BTW, some people do know about Schwinn Paramounts, at least more than some people.
    You see, their morals, their code...it's a bad joke, dropped at the first sign of trouble. They're only as good as the world allows them to be. I'll show you. When the chips are down, these...These "civilized" people...they'll eat each other. See, I'm not a monster. I'm just ahead of the curve

  25. #25
    Senior Member miamijim's Avatar
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    Quote Originally Posted by wrk101 View Post
    How about providing a link to where a Paramount just like that one sold for $1200? That would be a new benchmark for sure.

    $300 to $500 bike, depending on condition. I passed on one for $375 in really good condition.
    Paramount full DA, valuable?
    WWW.CYCLESPEUGEOT.COM 2005 Pinarello Dogma; 1991 Paramount PDG 70 Mtb; 1976? AD Vent Noir; 1989 LeMond Maillot Juane F&F; 1993? Basso GAP F&F; 1989 Terry Symmetry; 2003 Trek 4700 Mtb; 1983 Vitus 979

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