We can start by narrowing down the era and the country of origin. For that, we need to know:
1) number of cogs on the freewheel;
2) sidepull or centerpull brakes;
3) width of bottom bracket shell (70mm usually indicates Italian; 68mm can be anything else);
4) chainring tooth counts (ca. 1970 Japanese bikes frequently used half-step ratios, such as 54-48);
5) any decals or labels indicating frame tubing pedigree;
6) cottered steel cranks would indicate production before the late 1970s;
7) the serial number could help, but I have never seen one quite like it. Someone else, perhaps?
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"Far and away the best prize that life offers is the chance to work hard at work worth doing." --Theodore Roosevelt
Capo: 1959 Modell Campagnolo, S/N 40324; 1960 Sieger (2), S/N 42624, 42597
Carlton: 1962 Franco Suisse, S/N K7911
Peugeot: 1970 UO-8, S/N 0010468
Bianchi: 1982 Campione d'Italia, S/N 1.M9914
Schwinn: 1988 Project KOM-10, S/N F804069