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1991 Schwinn Paramount Series 5 PDG Oversized steel.

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1991 Schwinn Paramount Series 5 PDG Oversized steel.

Old 10-28-17, 01:54 PM
  #1  
rcommbikes
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1991 Schwinn Paramount Series 5 PDG Oversized steel.

This bike was donated to our all-volunteer charity. For the past five years we have given over 2500 (yes, 2500) refurbished bikes each year to the needy in the Rochester, NY area. We sell items like this to help to pay our expenses, so I'd like opinions about selling it.

These photos are in as-received condition. The Brooks Professional saddle is in nice shape. The bike needs some TLC, but I think it will look great when cleaned and tuned. I found rather quickly that it is a 1991:

PDG Series Bikes ? 1989-94

Any suggestions as to value?
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Old 10-28-17, 02:01 PM
  #2  
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$300-$325 when all cleaned and overhauled.
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Old 10-28-17, 02:24 PM
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Nice bike. I wonder if you could make more raffling it off. If you can sell 100 tickets at $5 ea that is better $300+/-
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Old 10-28-17, 02:35 PM
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That's a great bike. Compares well with Centurion Ironman bicycles made in the late 80's. Probably has a Tange or Ishiwata frameset. Nice size for smaller riders. Brand new replacement parts readily available. Bike needs a deep cleaning & complete overhaul in order for it to be worth something. (Hopefully that brown stuff will wipe off & that's not surface rust on there). If you can properly refurbish it with all new wearing parts it could go for $500.
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Old 10-28-17, 03:22 PM
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I have the same bike, 92 version though. Very nice ride, should easily make 350 all cleaned up. Tim
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Old 10-28-17, 04:14 PM
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I'm at $600 all-in (shipping included) on this one --- and didn't bat an eye --- granted, its not the same bike- this was the "frameset-only" PDG from 1991 -- but (and I could be wrong) I thought they used the same frameset across all models, just different parts kits were the difference in the different models

I readily admit I paid what I consider a hefty premium for the patriotic themed paint job, -- but with a nice bit of rejuvenation - I don't think $400 is not out of the realm of possibility -- I usually see 105 equipped PDG's on CL for 300-325 or so

You might consider selling the Brooks separately and putting a take-off Turbo lookalike seat on this one --- not sure if the Brooks would add appreciable val;ue to the complete bike, but may be worth $75 alone to someone on here or elsewhere



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Old 10-28-17, 06:08 PM
  #7  
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While they all had the same frame tubing, they were not made by the same company. The lower models were made in Taiwan and then by 1992, China. The higher models were made in Japan by Panasonic/National. This is a Panasonic build, so thats good news.

I don't agree with all the values above. I had a 1992 Series 5. While it had a nice frame, it was under-equipped with Shimano 105 bits. And the construction/fork/decal work is underwhelming compared to earlier Panasonic built Schwinn (like the Prologue).

I would consider the Series 5 to be a $300 bike in pristine ready to ride condition. The OP bike is dirty and might have some rust issues (I can't tell for sure). As is, its a $100 bike. Sell the saddle for $75, replace with a decent saddle, and it should maintain its value. Repost after cleanup. Maybe it will become a $300 version.
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Old 10-28-17, 08:02 PM
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Originally Posted by wrk101 View Post
The OP bike is dirty and might have some rust issues (I can't tell for sure). .

I thought it was rusty too until I noted the same type of brown spotting on the crankset and bottle cages, leading me to think it might be some type of insect excrement or something

spokes look like they have grease residue on them or something --- my back spokes looked like that on my MTB when I used to use heavy motorcycle chain lube

---- for the sake of the OP's charity, I hope he can clean it up and re-grease it and get a decent return for the effort
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Old 10-28-17, 08:08 PM
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DMC707 I like your red white & blue Paramount
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Old 10-29-17, 08:37 AM
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Originally Posted by wrk101 View Post
I don't agree with all the values above. I had a 1992 Series 5. While it had a nice frame, it was under-equipped with Shimano 105 bits. And the construction/fork/decal work is underwhelming compared to earlier Panasonic built Schwinn (like the Prologue).

I would consider the Series 5 to be a $300 bike in pristine ready to ride condition. The OP bike is dirty and might have some rust issues (I can't tell for sure). As is, its a $100 bike. Sell the saddle for $75, replace with a decent saddle, and it should maintain its value. Repost after cleanup. Maybe it will become a $300 version.
+1

Sold this Paramount back in August. Took me 3 weeks to sell at $250. The Scott Drop-In bars probably weren't helping my cause even though I put NOS purple Benotto tape on them to match the 'purple slime' paint job.

From my experience I just don't think there's much more than $300 in these early 90's PDG Paramounts
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Old 10-29-17, 11:08 AM
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Originally Posted by trainman999 View Post
DMC707 I like your red white & blue Paramount
Thanks you



Originally Posted by rideandgoseek View Post
+1

Sold this Paramount back in August. Took me 3 weeks to sell at $250.
Ouch ! -- that's a nice bike too -- I actually like those bars on a period piece from the early 90's --- matching 105 component pedals too
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Old 10-29-17, 03:47 PM
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Well if it cleans up well, and if all that brown is dirt and not rust I'd still be surprised from what I've seen if it draws more the $300. These are usually undervalued and disparaged as not real Paramounts in a lot of biking circles.

Like DMC707 I paid a premium for mine but these Red, White, and Blue ones are a bit special. I can't speak to the build quality on most the PDG bikes though. My Panasonic built one is on par with both my Panasonic Prologue and the Prologue TT.

And of course a pic. This is how mine is right now except for the Fabric Scoop I'm trying out on it.

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Old 10-29-17, 03:56 PM
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The Red, White and Blue version is definitely the pick of the litter and I would gladly pay a premium for one.
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Old 10-29-17, 08:22 PM
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Originally Posted by jamesdak View Post
. These are usually undervalued and disparaged as not real Paramounts in a lot of biking circles.

]

-- sounds like my tastes in bicycles in some ways roughly mimics my tastes in vintage Chevy's - ive found that I like what I like and continually have to explain myself to my other car buddies because I'm spending so much time working on something they don't like

--for instance, I actually prefer the early 3rd gen Corvette models over the 2nd gen - and I like longbed trucks over the short bed varieties from the 60's and 70's


It even comes down to cycling --- I have a Pinarello that this group would think is pretty modern (one of the steel frame Operas with carbon rear end from 12 or 12 years ago) - its become kind of a "go to" ride for me when its time to try to go fast --- but my riding buddies say I need to get a new S-Works or a Venge instead , or even cash in my vintage stash and buy a new C-60 ------ I've ridden theirs, and I still prefer mine though - LOL
Anybody who can criticize a clean Dura Ace 7800 equipped Pinarello Opera and say I should get a new S-Works something or other is psychotic -- LOL

Last edited by DMC707; 10-29-17 at 08:29 PM.
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