I've read this entire thread and find it incredible that Schwinn Varsity bikes in working or semi-working condition are being thrown out. Last week I picked up a beater Columbia Calais 10 speed at a yard sale. These bikes were low lever with turned down bars and chromed steel 26" wheels. At about 35lbs, they are about as heavy as a Varsity or Continental. I had picked up a ladies version of the Calais earlier for parts. So I combined the two and came up with one men's version that I posted on Craigslist for $25. I could have sold a half dozen at that price based on the e-mail response I recieved. I would rate the Columbia way below a Schwinn Varsity. My guess is a Varsity in good working condition would bring about $40, maybe more. I'll gladly pick-up any used Varsity bikes in my neighborhood, but I doubt that anyone is giving one away.