The Craigslist bike in question did not meet reserve at $177.50:
http://cgi.ebay.com/1976-Schwinn-3sp...QQcmdZViewItem
Guess the '76 is later in production then the musclebike fellows care for - they have their own meshuggana criteria for what details are desirable and what isn't. Guess this one didn't turn them on (particularly if it is still on the local C-List).
-Kurt