These guys have flawless customer service and are very friendly. The Paramount was developed for track and road racing by Emil Wastyn, a 6 day racing frame builder, mechanic and Schwinn dealer in Chicago, who immigrated from Belgium. The Chicago Schwinns were among the most bomb-resistant bikes ever built, and they were built with unique technology .
For more than 130 years, the Schwinn name has been synonymous with bicycles. This is still true almost 30 years after bankruptcy ended the Schwinn family’s ownership of the brand. After the bike-boom of the early 1970’s, Paramount was in a poor state of affairs in regards to competition and advancing technologies. In 1979, Edward R. Schwinn Jr. was made president of the company and promptly closed down all of the Paramount operations until they could be brought up to date. In time, the Paramount came in a variety of models but remained expensive to produce and purchase. We do our best to find replacement parts, but keep in mind that parts may be difficult to find, especially for older models.
Schwinn said he didn’t shutter his company because demand for high-quality craftsmanship has dried up. He said the main reason was that three of his seven employees were at or nearing retirement age, including himself at 69. In the 1980s, Waterford Precision started building cyclocross bikes.
The new company produced a series of well-regarded mountain bikes bearing the Schwinn name, called the Homegrown series.[62] In 2001, Schwinn/GT declared bankruptcy. We proudly serve all types of cyclists, including new and veteran riders, road and mountain aficionados, and recreation schwinn dealers and transportation cyclists. Whether you prefer to shop on our website or to come visit us, we’re here to help you with all of your cycling needs. Learn more about what makes us unique, and visit us today to meet our friendly staff and experience our incredible product selection.
Mountain bikes were originally based on Schwinn balloon-tired cruiser bicycles fitted with derailleur gears and called “Klunkers”. A few participants began designing and building small numbers of mountain bikes with frames made out of modern butted chrome-molybdenum alloy steel. Using the standard electro-forged cantilever frame, and fitted with five-speed derailleur gears and knobby tires, the Klunker 5 was never heavily marketed, and was not even listed in the Schwinn product catalog. Unlike its progenitors, the Klunker proved incapable of withstanding hard off-road use, and after an unsuccessful attempt to reintroduce the model as the Spitfire 5, it was dropped from production. Schwinn was soon sponsoring a bicycle racing team headed by Emil Wastyn, who designed the team bikes, and the company competed in six-day racing across the United States with riders such as Jerry Rodman and Russell Allen. In 1938, Frank W. Schwinn officially introduced the Paramount series.
Although shopping online for a vintage Schwinn may net results, you may have better luck if you look at local shopping resources. Bicycle stores and repair shops often carry used or vintage bikes, and they may have some beautiful Schwinn models available. Additionally, you can find vintage Schwinn bikes at garage sales, estate sales, antique shops, and flea markets. Old Roads specializes in vintage bicycles from several different brands, including Schwinn.
Our service center swiftly handles repairs, ensuring you spend less time waiting and more time enjoying the ride. In the late 1960s, the Varsity and Continental pioneered the use of auxiliary brake levers, which allowed the rider to rest hands on the straight, horizontal center section of the ram’s horn handlebars, yet still have braking control. This feature, attractive to older riders, soon found its way to other Schwinn models, especially those intended for senior citizens. Ignaz Schwinn was born in Hardheim, Baden, Germany, in 1860 and worked on two-wheeled ancestors of the modern bicycle that appeared in 19th century Europe. In 1895, with the financial backing of fellow German American Adolph Frederick William Arnold (a meat packer), he founded Arnold, Schwinn & Company. Schwinn’s new company coincided with a sudden bicycle craze in America.
We’ve got a wide selection of bike sizes and styles, including electric, to fit a wide variety of riders. If you find an old bicycle at a flea market, yard sale, or thrift store, it’s important to be able to identify what you have. Knowing how to tell if a Schwinn bike is vintage and how to tell whether your old bicycle is made by Schwinn can help you determine whether you have found a valuable transportation treasure. The manufacturing equipment and the building were sold and the last remaining seven employees were laid off, each with a “little severance,” Schwinn said. The original factory in Chicago that once employed as many as 2,000 people is long gone. The Schwinn brand is now owned by a Dutch conglomerate that manufactures bikes overseas and sells them to big box stores such as Target and Walmart.
Developed from experiences gained in racing, Schwinn established Paramount as their answer to high-end, professional competition bicycles. The Paramount used high-strength chrome-molybdenum steel alloy tubing and expensive brass lug-brazed schwinn dealers construction. During the next twenty years, most of the Paramount bikes would be built in limited numbers at a small frame shop headed by Wastyn, in spite of Schwinn’s continued efforts to bring all frame production into the factory.
In addition to the fond memories these beautiful bicycles inspire, enthusiasts praise their quality workmanship and enduring value. Whether you’re considering a vintage Schwinn for personal use or want to invest in a piece of American popular history, you’ll have a lot of options. The ownership of Schwinn-branded bikes has changed hands several times. In October 2021, a privately-held Dutch group called Pon Holdings bought Dorel Sports from Dorel Industries, the parent company for Schwinn, Cannondale, GT and Mongoose. The deal included acquisition of Pacific Cycle, which still manages the Schwinn brand and others from its headquarters in Madison. Schwinn authorized dealers flourished in the fifties and around 500,000 bikes were sold almost every year from 1950 to 1959.