Somebody sure messed it up as a collectable bike with that horrible paint job. If it's really a '74 Paramount, it should have chrome plated head lugs, fork crown, and rear dropouts plus 10 inches or so of the seat stays and chain stays from the dropouts. It's highly doubtful the repaint was done by Waterford or any other high end frame painter as the down tube decal font is not correct and the chrome plated lugs, fork crown, and rear triangle have been painted.
Correct starburst decal font for down tube.
What is the serial number on the left (non-drive side) rear dropout?
