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Schwinn Paramount Olympic

Old 08-21-17, 05:25 PM
  #1  
evonhess
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Schwinn Paramount Olympic

This was my father's bike and I am looking for help to identify the year, model and value. Most of it is original although the wheels were replaced.

Thank you for your help!
Eric
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Old 08-21-17, 05:31 PM
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C902 1969... Schwinn Paramount Registry Database
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Old 08-21-17, 05:54 PM
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Wow!! That's a beautiful Paramount!!
Pretty much my picture of what an ultimate classic Paramount would be!!
Your dad had good taste and looks to have been quite a cyclist with the bar and saddle setup on that bike.
Hope you get to ride that classic a lot as it will definitely stand out amongst other classics you might encounter.
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Old 08-21-17, 06:03 PM
  #4  
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It looks like G902 to me, but still 1969. The model is P-13. The Brooks Professional saddle has seen better days and the "PARAMOUNT" decals appear to be missing from the downtube, other that it looks to be in very nice condition. Early Paramounts in good condition always bring good money and the chrome ones seem to bring a premium. It is in a good size (looks like a 22" frame). Depending on how you intend to sell it (eBay, Craigslist, etc.) I would estimate the price to be $1300 to $1800.
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Old 08-21-17, 06:10 PM
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It's just an old Schwinn. I'd say maybe worth $5, but I'll give you $10.

Seriously though, beautiful bike!
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Old 08-21-17, 08:39 PM
  #6  
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You have the original wheels? It does look like G.
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Old 08-21-17, 09:33 PM
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That's quite the angle on that track stem. Makes the L5 vertebrae hurt just looking at it. Very nice bike though.
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Old 08-22-17, 01:31 PM
  #8  
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Thanks everyone for all the info! Unfortunately I do not have the original wheels. My Dad really did enjoy this bike. I was unsure what I was going to do with it, but people that really know cycling and it's history would probably appreciate it more.
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Old 08-22-17, 01:44 PM
  #9  
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You could just clean, polish, and hang on the wall as a tribute to your Dad. But otherwise a professionally photographed auction would certainly realize the price range expressed by @Kactus in post #4.
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Old 08-22-17, 08:52 PM
  #10  
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I would agree with the others here that it is a 1969 P-13c which was the very top of the line road model sold with full deluxe options barends, full show chrome with hand stripped red accents. I would put the value with the current wheels at about $1500.
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Old 08-22-17, 10:58 PM
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Because of the missing original wheels, less desirable Prugnat lugs, small size and rough shape of the Brooks Pro saddle I'd estimate the value at between $700 to $1000. The correct saddle would be relatively easy to find, the wheels unfortunately not so much. Here is the original 1969 P13 catalog page:

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Old 08-24-17, 09:55 AM
  #12  
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I'm a long way from a Paramount expert...but the wheels are easy to find at a fairly low price. There's a strong market for chrome Paramounts. I'd be shocked if, wheels or not, it didn't break 1500 on the bay with a reasonably good ad. There is no way on Earth that bike goes under $1000.

I wouldn't be surprised if it crept towards the 2k mark...depending somewhat on your ad.
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Old 08-24-17, 01:55 PM
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Very nice, agree with others, I would say $1,200 minimum, if listed poorly...much more if done right. If it were larger, I would be hounding you.
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Old 08-24-17, 07:26 PM
  #14  
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Thank you! Do you have any tips on how to list it right?
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Old 08-24-17, 07:56 PM
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Originally Posted by evonhess View Post
Thank you! Do you have any tips on how to list it right?
Your photos look pretty good so it appears you could take the photos for an ad, use good lighting and a plain background. To start, you'll want to THROUGHLY clean it; remove any signs of dirt, grease and rust (if possible). I would lower the seat post so your fist can barely grip it, about 4". Get a good measurement of the frame; Schwinn measured seat post from center of bottom bracket to top of top tube in inches. Look at some successful eBay ads for ideas on what kind of photos to post.

As for pricing, personally I'm put off by high starting prices (everyone likes to think they might get a bargain) or nothing but an overly optimistic "Buy it Now" price. If I was trying to sell it, I would post a reasonable starting price (say $500) with a reserve price you could live with. Then post a "Buy it Now" price of maybe $1800. Others who have sold a lot more bikes than I have will give you some other pointers, but that would be my strategy.

It's a nice bike and as Vonruden said, if it were a 23" frame I would be VERY interested!
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Old 08-24-17, 08:04 PM
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Originally Posted by evonhess View Post
Thank you! Do you have any tips on how to list it right?
Well photographed. Close up shots of the bike, and it's components. Close, but not blurry. And take many pics. Highlight the great, and if so, the not so great in those pics.
And an accurate description.

Do you really want to pack this bike? Or have some so called expert do it?

Usually Ebay local pick up doesn't work that well for bikes, but this one it could. 10 Day Auction Local Pickup Only.

Also list it on Craigslist, and put it on CL Cities that you think it could sell. Multiple Cities. Large, well off metros near by, and not so near by. If they want you to ship, no thanks.

A bike this nice/in demand, rare in this condition, and in this very desirable size should sell well without having to ship, and the extra piece of mind that you have a nice transaction where the bike doesn't get damaged in shipping.

I would ride this bike on sunny dry days and enjoy it.

Also a thought, and this may sound silly to some, but do you know an enthusiast, or relative that would be deserving of this bike. Make an enthusiast friend a deal, or a relative a super nice gift. A niece (A women could ride this bike), nephew, grandchild.

If you are selling do you want a fast nickel, or a slow dime. Best of luck.
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Old 08-24-17, 08:32 PM
  #17  
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Originally Posted by evonhess View Post
Thank you! Do you have any tips on how to list it right?
Sparkling clean first and foremost. Google searches offer many examples of the photography expected by discerning collectors. Here is just one of many examples:

https://www.raydobbins.com/ebay/bike-...-paramount.htm

Garage doors and fuzzy back lit cellphone pics are of course de rigueur on Craigslist local pickup adds if a quick sale is what you want.
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Old 08-25-17, 07:39 AM
  #18  
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Don't use ANYTHING abrasive on rust, I would rather have a bike with minor rust than the scratches that come from abrasive rust removal (and end up speeding up the entire rust cycle).

Basically, ebay pricing will be about double local pricing depending where you live (hot market pricing will be closer). Of course, you will pay 15% in fees to ebay and you will have to pack and ship which is a lot of work. So it depends on you.

I bought a 1973 Paramount last year, it had been on Albany, NY C/L for about 3 months, at a below ebay kind of price. I eventually took a trip to the NE and picked it up then. Bought it at the half price mark, and it came with some juicy extras.

I would lower the seat from the nose bleed height to about 2 inches higher than stem. I would remove the rusty clamp on pump stop. I would get a better background for your bike. A white garage door just doesn't make the chrome pop.

Local pickup only on ebay = complete waste of time.


Very, very, market dependent. But the collectible high end stuff like this, in my market, just doesn't sell at FMV or anything close to it. So I tend to be a buyer. I stopped buying the cheap stuff locally and focused on the under valued high end stuff. Of course, that means I have to go ebay to get my value back out of it (or keep it which I am prone to do). Locally I would lose money, as I can't sell to myself.


If you are new to ebay, do not underestimate the hassle and work it takes to sell there. Once you get established on ebay, its not nearly as tough. I am working a friend through the "new to ebay" process right now. When its new, its confusing and frustrating. Having sold on ebay now for over 17 years, its no big deal.

And the companies that will sell on ebay for you? Forget it. First they deduct all of ebay fees, then they are going to charge you $$ to pack the bike, and then they charge you 33% to 50% of the net after that. It puts the $$ below a local sale!!


Your current pictures WILL cost you several hundred dollars on ebay. Buyers have no imagination, and lousy pictures = lousy results. Figure the time taken to get great pictures will pay you $200 an hour or more!

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Old 08-25-17, 09:35 AM
  #19  
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Also if we knew your location that could be very helpful for selling as the best methods and pricing can be greatly effected by location. There may also be some potential buyers or members here on the forums that could give you some leads depending on you location.
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Old 08-25-17, 06:50 PM
  #20  
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Originally Posted by wrk101 View Post
Don't use ANYTHING abrasive on rust, I would rather have a bike with minor rust than the scratches that come from abrasive rust removal (and end up speeding up the entire rust cycle).

Basically, ebay pricing will be about double local pricing depending where you live (hot market pricing will be closer). Of course, you will pay 15% in fees to ebay and you will have to pack and ship which is a lot of work. So it depends on you.

I bought a 1973 Paramount last year, it had been on Albany, NY C/L for about 3 months, at a below ebay kind of price. I eventually took a trip to the NE and picked it up then. Bought it at the half price mark, and it came with some juicy extras.

I would lower the seat from the nose bleed height to about 2 inches higher than stem. I would remove the rusty clamp on pump stop. I would get a better background for your bike. A white garage door just doesn't make the chrome pop.

Local pickup only on ebay = complete waste of time.


Very, very, market dependent. But the collectible high end stuff like this, in my market, just doesn't sell at FMV or anything close to it. So I tend to be a buyer. I stopped buying the cheap stuff locally and focused on the under valued high end stuff. Of course, that means I have to go ebay to get my value back out of it (or keep it which I am prone to do). Locally I would lose money, as I can't sell to myself.


If you are new to ebay, do not underestimate the hassle and work it takes to sell there. Once you get established on ebay, its not nearly as tough. I am working a friend through the "new to ebay" process right now. When its new, its confusing and frustrating. Having sold on ebay now for over 17 years, its no big deal.

And the companies that will sell on ebay for you? Forget it. First they deduct all of ebay fees, then they are going to charge you $$ to pack the bike, and then they charge you 33% to 50% of the net after that. It puts the $$ below a local sale!!


Your current pictures WILL cost you several hundred dollars on ebay. Buyers have no imagination, and lousy pictures = lousy results. Figure the time taken to get great pictures will pay you $200 an hour or more!
Not for that bike. Again does the buyer want a fast nickel, or a slow dime. Albany New York might as well be on the Moon.

I forgot to add you may have to relist this to sell it for higher dollars on CL, and Ebay. Pound the hell out of it on those sites until it sells for you price. It's the slow dime, but it will sell. And don't be surprised if a non bike person buys it.

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Old 08-26-17, 02:10 AM
  #21  
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Dude that's a beautiful bike.. That's my size too.

I'm NOT an expert, but if I was serious about buying one, I would have no remorse forking over 1500 bucks.

Too bad I'm broke....
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Old 08-27-17, 02:11 PM
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Yeah, I would not sell as local only or local pickup. If you have never shipped a bike before, I would suggest offering to drop off at local bike shop at buyers expense. I have bought bikes and happily paid more for professional shipping.
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Old 08-27-17, 05:30 PM
  #23  
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Originally Posted by Vonruden View Post
Yeah, I would not sell as local only or local pickup. If you have never shipped a bike before, I would suggest offering to drop off at local bike shop at buyers expense. I have bought bikes and happily paid more for professional shipping.
Yep. I have bought on ebay when it was local pick up only and got good deals but would not sell that way. Believe or not plenty of ebay sellers will sell you a bike or frame and have no clue how to get it to you. I bought a frame 2 months ago and asked the seller if he had ever packed a frame and if not did he need some advice. He mostly followed my advice, I sent photos and web links and the frame arrived in good shape.
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Old 08-29-17, 06:04 PM
  #24  
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Originally Posted by zukahn1 View Post
Also if we knew your location that could be very helpful for selling as the best methods and pricing can be greatly effected by location. There may also be some potential buyers or members here on the forums that could give you some leads depending on you location.
More great info, I really appreciate it. I am in Phoenix, AZ.

I am not looking to make a quick buck but I would be interesting in listing it and seeing if someone could meet the higher point over time. Again not in a hurry to get rid of it.
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Old 08-30-17, 05:32 AM
  #25  
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Originally Posted by evonhess View Post
More great info, I really appreciate it. I am in Phoenix, AZ.

I am not looking to make a quick buck but I would be interesting in listing it and seeing if someone could meet the higher point over time. Again not in a hurry to get rid of it.
If you go the CL route to meet the higher price, prepare your self for months of lowball offers, trade suggestions, and requests to ship the bike. Ask me how I know
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