As the previous owner found it
https://www.bikeforums.net/classic-v...ount-year.html
As I got it+ a bonus photo for those who like Paramounts
more photos here https://flic.kr/s/aHsmbnrftq
100_3978 by galon783, on Flickr
Frame: After Chrome polish , rubbing compound ,polishing compound and 7 coats of wax. an a extra
more polished photos here https://flic.kr/s/aHskwJa49s
100_4036 by galon783, on Flickr

What a classic!

It is definitely a grail bike for many C&V enthusiasts! Looking forward to seeing it completed and hearing about your ride impressions!

Love the blue and chrome!!

I am a sucker for chrome socks and lugs, add my favorite color blue and it was love at first sight the only way it could have been better was if it was a 1956
pastorbobnlnh it is chromed under the paint, but as the tubes weren't buffed completely before plating I think it was meant to be painted. Freewheel says "Regina. G.S. CORSE S.I.C.C. MERATE" 13-26 do you know if this freewheel is from the right era? Do you know any way to tell what tube set was used, 531 or Eccles & Pollack?

[MENTION=437933]trainman999[/MENTION], I'm pretty certain that 1959 was the first year for the second generation Paramount when Schwinn started building them from Reynolds 531. This era would run 20 years until 1979.

In 1980 production moved to Waterford, WI, and eventually would become Waterford Precision Cycles. Richard Schwinn is a co owner and maintains the old Paramount records. For a fee of $50 he will research the archives and provide a written report on what information they have on your specific serial number.

Two important Paramount Links.

Paramount History at Waterford

The Paramount Registry Database maintained by BF member cudak666 (only one other '59 listed)

As far as your freewheel is concerned, it could very well be original. I've worked on freewheels with the same or similar lettering and they were definitely from the early '60s.

1961 catalogue page states 531 , 1956 says customers choice of tubing, in several previous posts on 59’s say choice of tubing, just wondering.
Ordered provenance report on it day I received it will be interesting to see what it says.
Use those two links often researching Paramounts, considering summiting a few of mine to add to his registry.
There is a 59 on Ebay, good paint, bad chrome, optimistic price.

Let us know what the report says. Someday I'll order ones on my '71 and '83 Paramounts.

The '59 on ebay appears to be the non-chrome model. Up through the early '60s having chrome lugs and stays was an option. That one appears to the basic model, maybe a P10, but I could be mistaken.

[MENTION=42162]pastorbobnlnh[/MENTION]
Did you look at this one C 31 its definatly chrome but in poor shape
https://www.ebay.com/itm/Vintage-Sch...MAAOSwr2xajkOf

Or this one G 17
https://www.ebay.com/itm/SCHWINN-PAR...cAAOSwALhaanhs

And now that I am out of bike cash, this comes up a carbon 9C
https://www.ebay.com/itm/Schwinn-Par...4AAOSw6eZakynN

What I found so cool about yours is the chrome bottom bracket shell.

What an interesting bike! I wonder how many were being built per year back then?

I hadn't seen Serial #C31. So sad that it is passing through the hands of storage locker raider. Hopefully it finds a loving new owner. It appears to not be Reynolds 531 tubing and wears the same Chrome Moly decal as do early '60s Superiors and Super Sports. I wish there was a better picture.

Serial #G17 is almost my size, and good thing it isn't because the price seems fair to me.

For shame! To cast your eyes upon a CF Paramount is one thing--- but to mention it in a discussion about your classic '59 beauty--- well, that is just poor C&V manners! Hahaha

As [MENTION=312220]Kactus[/MENTION] mentions, does the BB appear to be intended to be chrome or was it first painted? I've never seen this before. A close-up picture please!

Fairview; about 270 in 1959, link to Paramount production
https://waterfordbikes.com/w/paramount-stats/
pastorbobninh, yes BB and seat lug meant to be chrome sun shining here today will get pictures when you see the glow in the sky you will know I got the pictures. Did you look at the pictures in the albums in the first post? I hid 2 bonus Paramounts among the 25 pictures just for you.
As to the CF Paramount I am an equal opportunity Paramount collector 39-99 and beyond I like them all. Road, Track, Lady’s, and Tourist, Accles and Pollock, 531, Slx, True Temper, 753, 853, Titanium, and CF. Some day hope to have one of every flavor.
At 26 is it not vintage? At less than 1000 going to be a harder one to acquire

I figured out the link to your album later and appreciate seeing more pictures. Chrome on BB and seat stay cluster is certainly a sweet bonus!

I was just pulling your leg about the CF Paramount.

Bright shiny pictures,
I am glad previous owner decided to sell and liked my offer. Thoughts anyone, on a Waterford repaint and decals, or do you like the patina as is
100_4057 by galon783, on Flickr
100_4058 by galon783, on Flickr
100_4059 by galon783, on Flickr
100_4060 by galon783, on Flickr
100_4062 by galon783, on Flickr
100_4064 by galon783, on Flickr

That looks a lot better than I thought from the original pics.

trainman999, did you get my PM?

@ Kactus no on the PM, try again.
I was pleased with how well it cleaned and shined up.

If you have the funds, I vote repaint. Though I imagine it'll be expensive given all the pinstriping of the tubes and lining of the lugs.

PM sent.

Kactus no Pm on this end ,sent you one with my email address, maby will go through

I don't see patina, I just see a nearly-stripped frame. I'm okay with a lot of scrapes and scratches and a bit of rust that I can touch up, and I've restored some that initially looked almost hopeless, but in this case it just has too much large areas of missing paint to do anything but a repaint. Love the frame though.

Beautiful bike. I'd say that a repaint which would do this frame justice would run somewhere north of $1000 with masked and lined lugs, masked dropouts, box pin-striping, restored decals etc. I think anything less would lower the value. I'm not allowed to post links yet, so paste this into google for a good series of articles on the topic from My Ten Speeds [should i paint my bike site:www.mytenspeeds.com]

Beautiful bike- I love the box lining!

With as much of the paint gone, I would want it repainted- but all the exposed chrome has to be preserved and you HAVE to do the box lining. Those chrome lugs and crown and socks are all extras that the owner paid for- same with the lining. This isn't anything you can do half-assed.

Outrageously cool bike.

I for one think that it looks pretty fantastic as-is. You did a great job with buffing and waxing, and as others said a repaint would have to be a no-expense-spared job. At least you can build it up and ride it while saving pennies for a proper restoration and still have the coolest bike around.

[MENTION=437933]trainman999[/MENTION], WOW! The condition of your chrome is just amazing. I can hardly see any pitting. The fork crown appears to be the worse for wear, but even then it is still great considering it is nearly 59 years young!

Personally, I'm torn on whether to paint or simply clean, polish and leave as is. I'd say I'm leaning more towards [MENTION=395146]tiredhands[/MENTION] advice, to build and ride now and consider painting later.
[MENTION=38510]Scooper[/MENTION] here on C&V had his late '30s track Paramount restored by Waterford. The work was fantastic! Stan might share what the cost ran a few years ago. I imagine it would be comparable.

My two cents of caution is this: If you paint, you will probably never recoup the cost if you feel as if you need to sell sometime in the future.