TINY Schwinn Paramount road frameset - 48.5cm - Waterford-built!
Man, I love these things....Schwinn Paramounts are the most fantastic steel bikes, yet never really get the props they should, despite a cult following. The detailing is incredible, the ride is phenomenal, and the legacy is excellent. Plus, MIUSA to the bitter end. Here's a fine example of that in a super hard-to-find smaller size. Repainted at some point in the past with beautiful (and correct) blue Schwinn paint. Lovely lugwork too! Likely Reynolds 531 tubing, although this may have been late enough to be Columbus SLX. Awesome shape, with some chips from a dropped chain, and some general wear, but presents VERY nicely. This is a looker for sure. Shimano BB and headset included.
Seat tube: 48.5cm / Top tube: 51.5cm