How much can is A 1987 Schwinn Paramountain worth?
08-16-10, 10:10 PM
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How much can is A 1987 Schwinn Paramountain worth?
So this past weekend i was driving and decided to stop at a yard sale. they guy had a red Schwinn paramountain for sale. so i was wondering what value this bike has?
Here are the Specs.
so its about a 54 Cm
Red has Paramountain written on the top tube
also written is Ned Overend
the Frame is a little rusted at some places but no major damage
Frame.. Prestige Cromo Double Button Tubes (Tange)
Shimano Decore XT Calipers and Brakes
Shifters 1 is a Decore XT as well but the other one is a 7 speed shifter just Shimano Decore.
Suntour XC Stem
Both Front and Rear derailers are XT Decore Shimano
Shimano Decore Cranks and Pedals
it also has a Shark Fin
Saddle.. Selle San Marco Mountain-Pro
Tire Size Standard 26 the Front Rim is Original and the rear is a Spcialized rim
I think this Bike was upgraded with the rear wheel to fit a 7 speed and the Shifter was repaced to fit the gear ratio.
So how much is it worth?
Here are the Specs.
so its about a 54 Cm
Red has Paramountain written on the top tube
also written is Ned Overend
the Frame is a little rusted at some places but no major damage
Frame.. Prestige Cromo Double Button Tubes (Tange)
Shimano Decore XT Calipers and Brakes
Shifters 1 is a Decore XT as well but the other one is a 7 speed shifter just Shimano Decore.
Suntour XC Stem
Both Front and Rear derailers are XT Decore Shimano
Shimano Decore Cranks and Pedals
it also has a Shark Fin
Saddle.. Selle San Marco Mountain-Pro
Tire Size Standard 26 the Front Rim is Original and the rear is a Spcialized rim
I think this Bike was upgraded with the rear wheel to fit a 7 speed and the Shifter was repaced to fit the gear ratio.
So how much is it worth?
08-16-10, 11:23 PM
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Whoa.
What you have there is NOT just a Ned Overend 'signature edition' there. You actually have THE bike that Ned rode to victory in the hush-hush Pikes Peak Hill Climb and Backside Bomber Race (little-known fact: they rode up starting at midnight and, upon reaching the top in the wee hours of dawn, bombed back DOWN the Peak off-road through what is now protected wilderness. It was an ad-hoc, grassroots event thrown together by Tom Ritchey and a few of his closest drinking pals).
Anyway, if you were to pull the rear hub apart, you would find the cones on BOTH sides threaded left-hand (Ned was very superstitious and, even though it went against Shimano's idea of sound engineering, they obliged him and set it up that way custom just for him. The other way you'll know for sure it's an actual Ned Overend bike is to take the fork off and, with a flashlight and dentist mirror, look inside the headtube: you will see stamped in hand-tooled cursive letters "Endoverend." Ned always had this foreboding of ill the whole time he rode Schwinn, figuring someday one of the evil-handling things would literally send him end-over-end. It was a play on words - - and his name - - that he had his chief mechanic stamp inside the frame, once again for luck.
You'll notice too that the letters on the stamping are backward. Interesting true story: mechanic bought that letter die set in Tijuana and, as things go with cheap knock-off machine shop tools, a whole lot got made up with the letters backward (!)
Hang onto that jewel; it likely could be priceless.
What you have there is NOT just a Ned Overend 'signature edition' there. You actually have THE bike that Ned rode to victory in the hush-hush Pikes Peak Hill Climb and Backside Bomber Race (little-known fact: they rode up starting at midnight and, upon reaching the top in the wee hours of dawn, bombed back DOWN the Peak off-road through what is now protected wilderness. It was an ad-hoc, grassroots event thrown together by Tom Ritchey and a few of his closest drinking pals).
Anyway, if you were to pull the rear hub apart, you would find the cones on BOTH sides threaded left-hand (Ned was very superstitious and, even though it went against Shimano's idea of sound engineering, they obliged him and set it up that way custom just for him. The other way you'll know for sure it's an actual Ned Overend bike is to take the fork off and, with a flashlight and dentist mirror, look inside the headtube: you will see stamped in hand-tooled cursive letters "Endoverend." Ned always had this foreboding of ill the whole time he rode Schwinn, figuring someday one of the evil-handling things would literally send him end-over-end. It was a play on words - - and his name - - that he had his chief mechanic stamp inside the frame, once again for luck.
You'll notice too that the letters on the stamping are backward. Interesting true story: mechanic bought that letter die set in Tijuana and, as things go with cheap knock-off machine shop tools, a whole lot got made up with the letters backward (!)
Hang onto that jewel; it likely could be priceless.
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08-17-10, 06:04 AM
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He just wants to know how much can it is worth...I'd say at least a sixer.
08-17-10, 08:37 AM
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Dminor thanks for the history lesson it was quite interesting I had no idea
Chelboed: so round 600 bucks?
Dam then I got a steal I paid 45 bucks for it
Chelboed: so round 600 bucks?
Dam then I got a steal I paid 45 bucks for it
08-17-10, 02:52 PM
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Was that a trick question?
All bikes, collectible, cheap or expensive, are worth EXACTLY what someone else will pay for them. To the penny.
It's amazing that someone did not know this.
All bikes, collectible, cheap or expensive, are worth EXACTLY what someone else will pay for them. To the penny.
It's amazing that someone did not know this.
08-17-10, 03:05 PM
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Repack RIder.. so your saying i buy a bike that has a $2,000.00 Value off of someone for 100 bucks. its only worth 100 bucks? and not the 2,000? ha i think not.
08-17-10, 03:56 PM
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I think not.
04-16-11, 07:44 AM
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Back in 1988 when I was in graduate school in northern California, in a little town called Eureka, there was a small bike shop where I found only the frames of this famous bike....a canary bright yellow frame and a red one (actually a orangish red). I believe this limited edition was sold as frame only. It had PARAMOUNTAIN on the top tube too and Ned Overend's signature on the bottom. I took the red frame and customized it with some deeply discounted Shimano and Suntour parts. All total it cost a cool thousand bucks back then. Rode it all over the fire roads in the mountains in Humbolt County and believe it or not I still own it.
04-16-11, 09:49 AM
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Back in 1988 when I was in graduate school in northern California, in a little town called Eureka, there was a small bike shop where I found only the frames of this famous bike....a canary bright yellow frame and a red one (actually a orangish red). I believe this limited edition was sold as frame only. It had PARAMOUNTAIN on the top tube too and Ned Overend's signature on the bottom. I took the red frame and customized it with some deeply discounted Shimano and Suntour parts. All total it cost a cool thousand bucks back then. Rode it all over the fire roads in the mountains in Humbolt County and believe it or not I still own it.
04-16-11, 12:10 PM
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Vandalized since 2002
Here's some more info. As far as what it's worth, repack rider is correct. It really doesn't matter what we tell you the bike is worth, ultimately it's value is up to you if you keep it, and up to you and the buyer if you sell it. If you keep it for yourself, it's worth $45 now, maybe more if you decide it's worth more. If you sell it, you and the buyer agree on a price and that is the worth of the bike at that moment.
As for the $2000 bike you buy for $100 scenario. People may be stupid and sell a bike for $100 that they could get $2000 for, but that doesn't change the fact that at the time of the transaction the worth of the bike was $100 because that's what you paid for it. Turn around and sell it for $2000 and it's worth that.
For an appraisal post it up in the C&V appraisals thread and see what comes up.
As for the $2000 bike you buy for $100 scenario. People may be stupid and sell a bike for $100 that they could get $2000 for, but that doesn't change the fact that at the time of the transaction the worth of the bike was $100 because that's what you paid for it. Turn around and sell it for $2000 and it's worth that.
For an appraisal post it up in the C&V appraisals thread and see what comes up.
04-16-11, 06:48 PM
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Whoa.
What you have there is NOT just a Ned Overend 'signature edition' there. You actually have THE bike that Ned rode to victory in the hush-hush Pikes Peak Hill Climb and Backside Bomber Race (little-known fact: they rode up starting at midnight and, upon reaching the top in the wee hours of dawn, bombed back DOWN the Peak off-road through what is now protected wilderness. It was an ad-hoc, grassroots event thrown together by Tom Ritchey and a few of his closest drinking pals).
Anyway, if you were to pull the rear hub apart, you would find the cones on BOTH sides threaded left-hand (Ned was very superstitious and, even though it went against Shimano's idea of sound engineering, they obliged him and set it up that way custom just for him. The other way you'll know for sure it's an actual Ned Overend bike is to take the fork off and, with a flashlight and dentist mirror, look inside the headtube: you will see stamped in hand-tooled cursive letters "Endoverend." Ned always had this foreboding of ill the whole time he rode Schwinn, figuring someday one of the evil-handling things would literally send him end-over-end. It was a play on words - - and his name - - that he had his chief mechanic stamp inside the frame, once again for luck.
You'll notice too that the letters on the stamping are backward. Interesting true story: mechanic bought that letter die set in Tijuana and, as things go with cheap knock-off machine shop tools, a whole lot got made up with the letters backward (!)
Hang onto that jewel; it likely could be priceless.
What you have there is NOT just a Ned Overend 'signature edition' there. You actually have THE bike that Ned rode to victory in the hush-hush Pikes Peak Hill Climb and Backside Bomber Race (little-known fact: they rode up starting at midnight and, upon reaching the top in the wee hours of dawn, bombed back DOWN the Peak off-road through what is now protected wilderness. It was an ad-hoc, grassroots event thrown together by Tom Ritchey and a few of his closest drinking pals).
Anyway, if you were to pull the rear hub apart, you would find the cones on BOTH sides threaded left-hand (Ned was very superstitious and, even though it went against Shimano's idea of sound engineering, they obliged him and set it up that way custom just for him. The other way you'll know for sure it's an actual Ned Overend bike is to take the fork off and, with a flashlight and dentist mirror, look inside the headtube: you will see stamped in hand-tooled cursive letters "Endoverend." Ned always had this foreboding of ill the whole time he rode Schwinn, figuring someday one of the evil-handling things would literally send him end-over-end. It was a play on words - - and his name - - that he had his chief mechanic stamp inside the frame, once again for luck.
You'll notice too that the letters on the stamping are backward. Interesting true story: mechanic bought that letter die set in Tijuana and, as things go with cheap knock-off machine shop tools, a whole lot got made up with the letters backward (!)
Hang onto that jewel; it likely could be priceless.
Back in 1988 when I was in graduate school in northern California, in a little town called Eureka, there was a small bike shop where I found only the frames of this famous bike....a canary bright yellow frame and a red one (actually a orangish red). I believe this limited edition was sold as frame only. It had PARAMOUNTAIN on the top tube too and Ned Overend's signature on the bottom. I took the red frame and customized it with some deeply discounted Shimano and Suntour parts. All total it cost a cool thousand bucks back then. Rode it all over the fire roads in the mountains in Humbolt County and believe it or not I still own it.
Here's some more info. As far as what it's worth, repack rider is correct. It really doesn't matter what we tell you the bike is worth, ultimately it's value is up to you if you keep it, and up to you and the buyer if you sell it. If you keep it for yourself, it's worth $45 now, maybe more if you decide it's worth more. If you sell it, you and the buyer agree on a price and that is the worth of the bike at that moment.
As for the $2000 bike you buy for $100 scenario. People may be stupid and sell a bike for $100 that they could get $2000 for, but that doesn't change the fact that at the time of the transaction the worth of the bike was $100 because that's what you paid for it. Turn around and sell it for $2000 and it's worth that.
For an appraisal post it up in the C&V appraisals thread and see what comes up.
As for the $2000 bike you buy for $100 scenario. People may be stupid and sell a bike for $100 that they could get $2000 for, but that doesn't change the fact that at the time of the transaction the worth of the bike was $100 because that's what you paid for it. Turn around and sell it for $2000 and it's worth that.
For an appraisal post it up in the C&V appraisals thread and see what comes up.
So how do you know it's THE bike he ran?
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