Here's my '73 Varsity. It's always been a single speed in the time I've owned it (was pretty much a bare frame chained to a fence when I first saw it). I had regrettably let it rust up a bit from improper storage and it needed another full rebuild.

Stripped to bare, repainted rustoleum yellow (it was originally yellow too). Some of the originally chromed parts were way too far gone to do anything but paint. All in all, for what it went through, it looks great and rides amazingly well. This rebuild was done about a year ago.