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The really early ones were made in Chicago but since early 80’s all were made in Waterford, same place that made frames for Rivendell and others. Sad they just closed this summer. They’re so underrated outside the US, I got a lot of love for rare schwinn’s
https://www.lfgss.com/conversations/202543/
That Schwinn is beautiful, all paramounts were made in Waterford Wisconsin, by the same guys that made Waterford Precision and Gunnar cycles.