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Need to know value of 80's Schwinn Paramount...

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Need to know value of 80's Schwinn Paramount...

Old 09-24-12, 02:42 PM
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rickandroo
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Need to know value of 80's Schwinn Paramount...

Hello all,
I am helping a friend list his possessions on ebay, and he wants to sell this bike. All he said was it is expensive, and was custom built for him in Wisconsin back in the early 80's. Can someone give me a ballpark figure where I should list it at? Thanks in advance....














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Old 09-24-12, 03:32 PM
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Depending on where you list it, you should get $725 or more for it. I paid $825 for mine last year, it's newer and low miles.
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Old 09-24-12, 03:42 PM
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Originally Posted by rickandroo View Post
was custom built for him in Wisconsin back in the early 80's.
Assuming that's the original rear derailleur, the bike was not built before 1986.
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Old 09-24-12, 03:43 PM
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What is the serial number? The decals, head badge, and lugs point to early eighties, like 1981, made in the Waterford facility.
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Old 09-24-12, 03:50 PM
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Originally Posted by Scooper View Post
What is the serial number? The decals, head badge, and lugs point to early eighties, like 1981, made in the Waterford facility.
I will report back with the serial number...he did say it was from the Wisconsin plant in the early 80's. I will post when I get the number. Thanks
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Old 09-24-12, 04:16 PM
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Originally Posted by oddjob2 View Post
Depending on where you list it, you should get $725 or more for it. I paid $825 for mine last year, it's newer and low miles.
Pretty ambitious level for an early 1980s Shimano 600 Paramount. I sure hope you are right, as I have a DA equipped 1985 Paramount right now. The 1970s Paramounts typically bring quite a bit more than the later years.

Paramounts from the 1980s show up on ebay regularly. Do you have the skill and time to pack and ship a bike, at a reasonable cost? Thats kind of the PITA part of ebay. It gives you wide exposure, but you have to be ready to ship.

Well the closest I could come to a recent sale was a 1991 Waterford Paramount, very attractive (to me) purple bike, some mixed up components (mainly tricolor 600, but some 105 bits as well), sold for $550, with realistic, $75 shipping on top of that. Seller got 26 bids, took a chance starting it at $9.99. Seller has already gotten positive feedback, looks like he did a good job.

Hopefully your bike was not "custom" built, as that could mean odd frame geometry (custom sizing means fits original owner well, may not fit others too great). By custom, he may just mean he picked out the components and color.

Looks like he updated the bike later, to add indexed DT shifting, a common upgrade back then.
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Last edited by wrk101; 09-24-12 at 04:47 PM.
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Old 09-24-12, 04:36 PM
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I just took it in to the local Schwinn shop, was told this was made in Italy, and it is extremely rare. Said the frame was the 545th one made, whatever that's worth. Guy offered me $3,000 for it on the spot. I guess it could be worth even more to the right buyer. Owner will be happy with $3K.
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Old 09-24-12, 04:49 PM
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Originally Posted by rickandroo View Post
I just took it in to the local Schwinn shop, was told this was made in Italy, and it is extremely rare. Said the frame was the 545th one made, whatever that's worth. Guy offered me $3,000 for it on the spot. I guess it could be worth even more to the right buyer. Owner will be happy with $3K.
All wrong, but grab the cash and smile!

Now if they don't come up with the cash, then its the typical bike shop BS. We see it here all the time, shop tells some newb owner that his bike is super valuable, with some unbelievable price. Then the newb tries to get that price, and of course, can't get it, and posts here: Why can't I get $xxxx for my rare bike?
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Last edited by wrk101; 09-24-12 at 05:28 PM.
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Old 09-24-12, 04:57 PM
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Unlike any lineage story I've heard, but $3K would be an offer you couldn't refuse. Hope for you it's for real.
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Old 09-24-12, 05:05 PM
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Definitely take the 3K!

Even with the Italian, limited edition back story, it's not worth that kind of coin.

A run of 545 does not = rare.
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Old 09-24-12, 06:38 PM
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If he is willing to give you 3K go back and get it.

What was custom made for your "friend"? the frame? or was it taken out of a box and assembled for him? I do not know much about paramounts but I am with DooHickie the rear derailleur, shifters, brake levers, seat and dark anodized rims were installed int he late '80s. so the bike is not original, not that a true custom bike can be original since there is nothing to compare it too.
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Old 09-24-12, 09:12 PM
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Originally Posted by rickandroo View Post
I just took it in to the local Schwinn shop, was told this was made in Italy, and it is extremely rare. Said the frame was the 545th one made, whatever that's worth. Guy offered me $3,000 for it on the spot. I guess it could be worth even more to the right buyer. Owner will be happy with $3K.

Local Schwinn shop? Would that be Target or Wallyworld?

Obviously the Schwinn shop guy is a genius, saying that it was built in Italy and all, when every Bikeforum member knows WATERFORD is in Wisconsin.

Yes, the Columbus tubing is Italian, but that's it.
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Old 09-25-12, 09:26 AM
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Originally Posted by rickandroo View Post
I just took it in to the local Schwinn shop, was told this was made in Italy, and it is extremely rare. Said the frame was the 545th one made, whatever that's worth. Guy offered me $3,000 for it on the spot. I guess it could be worth even more to the right buyer. Owner will be happy with $3K.

Did he then ask you to spend hundreds of dollars in upgrades & maintenance? Or did you actually sell it to him?
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Old 09-25-12, 10:23 AM
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I would love to know where this shop is located that offers up $3K on the spot for old bikes---an even better question would be: why didn't you take it?
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Old 09-25-12, 10:30 AM
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Originally Posted by oddjob2 View Post
Local Schwinn shop? Would that be Target or Wallyworld?

Obviously the Schwinn shop guy is a genius, saying that it was built in Italy and all, when every Bikeforum member knows WATERFORD is in Wisconsin.

Yes, the Columbus tubing is Italian, but that's it.

That is Waterfordo in Wisconsinii It is up by Green Bambino!
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Old 09-25-12, 12:03 PM
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Originally Posted by jet sanchEz View Post
I would love to know where this shop is located that offers up $3K on the spot for old bikes---an even better question would be: why didn't you take it?

Must live around the corner from BBC?
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Old 09-25-12, 04:24 PM
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Any chance this bike is still in the WI area?

If you can't get $3K out of that bike shop, I might be interested. But realize I'd only be willing to pay a sane price for it.
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Old 09-25-12, 05:01 PM
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I wonder why the brakes are still nutted......
$3K will certainly buy a lot of other, maybe more interesting C&V goodies........
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Old 09-25-12, 06:39 PM
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Obviously, the Schwinn dealer didn't know what he was talking about since no Schwinn Paramount was ever made in Italy.

The serial number would tell us what month and year Waterford made the bike, but since it has the Henry James lugs, it has to have been after production moved from Chicago to Waterford in 1980, and Waterford only used that head badge for a year or two before dropping it in favor of a decal.

Here's the '81 Waterford Paramount. Note the world championship stripes on the seat tube and the different top tube and down tube decals than the c. 1979 decals on the OP's bike.

Serial number?







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