To determine the year and month of your Varsity, locate the serial number under the headbadge and just above the fork crown. It will begin with two letters. Let's say "CG" followed by 6 or so numbers. The letters are the Date Code. The first equates the month and the second to the year.
For instance C=March and G=1971. A-M for months skipping I, and F=1970, H=1972, etc.
Hope this helps.
1971 Varsity Specs
1971 Varsity Catalog Page