Thank you all for your responses and confirmation that it is a Paramount. I remeber saying a few weeks back that the only way I could own one again is if I purchased one for someone that had no clue what it is. Well looks like that has come true. I just imagined it would be an old man who had one hanging in his garage since 1973 all covered in cob webs.

I stripped off the parts and found that it was indeed originally Opaque Blue. It is my size as well. This will be my most extensive project if I decide to go through with a full restoration. I have Schwinn Rando bars and the proper Weinmann Brakes that would be original to this model. I got period correct wheels as well.

The chrome lugs are perfect, crown looks great, chrome on the forks is a bit scratched but shines. The rear chrome is dull. Looks like it was hit with coarse steel wool. I used aluminum foil and WD 40 to clean it up a bit but it needs to be polished up a bit.

I used some steel wool on some rust spots and it does not seem to be deep. That is a plus. Will need a respray because, well, what good is there riding an ugly Paramount?

I am not sure how much it will cost to fix the top tube cable stop? Any rough estimates anyone?