First off, the Paramount could be ordered with any component in the Schwinn parts bins. So brake lever extensions, which were very popular, may be original.

That makes them easy to restore. Nearly anything goes.

Before we go any farther, pls send photos. A full shot from the drive side will do fine.

If it doesn' have Campagnolo parts, it's still kool. Fewer were made w/o Campag parts.

If it has Campag parts, here's the catalog from that time:

http://www.campyonly.com/history/1974/record.pdf

And value is a function of the condition of the frame.

I personally like production frames over custom. Frames like the Eisentraut Limited and 'production' models from Sachs and Gordon are more 'working class'. A good thing in my book.

And keep in mind that Waterford Precision Bicycles can restore your frame to like-new condition for reasonable rates.

Paramounts are very classy bikes. Very American. If you do it right, it'll be like owning a '72 Shelby.

Have fun and thanks for taking care of a piece of American bicycle history.