Look a little more at the Waterford site as to serial number P220.
"
The Earliest Serial Numbers The very first Paramounts seemed to have had serial numbers starting with "A" followed by two or three digits. This seems to have been a system started by Emil Wastyn. We found a very early Paramount - claimed to be a 1938-9 vintage - with serial number A545. Little is known about serial numbers for bikes built after World War II. Unfortunately, an office fire in 1948 destroyed the Paramount records. Numbers mostly followed a three-digit format - often but not necessarily with a "P" as the prefix. By early 1959, serial number 949 had been reached, necessitating a new system. " So by looks and number I would say this is an early 1950's Wastyn built bike. It is a great example of a simple fishmouth (or keyhole) lug pattern, usually roughed out in a blank or large lug with one hole on either side and some saw cuts. Joe Bender-Zanoni Great Notch, NJ
> I have now posted pictures of my Paramount Track bike on
\r?\n> wooljersey. I
\r?\n> know little about it as the serial number P220 matches up with
\r?\n> nothing(Waterford website says its a much later bike than it is
\r?\n> based on
\r?\n> the serial number) What I do know is my Dad traded for it in
\r?\n> 1963 and it
\r?\n> hung in his shop until 1985 when he retired.
\r?\n> Probably 1965 when I had grow enough to fit on it he took me to
\r?\n> Helyer
\r?\n> Avenue and we rode some reconnasence laps (Him Girardengo is
\r?\n> also here
\r?\n> in my folder)
\r?\n> with him showing me the ropes, I never did develop any
\r?\n> enthusiasm for
\r?\n> riding with a pack of maniacs (with no brakes) and went back to
\r?\n> Baseball. Some where along the line it was switched to FB
\r?\n> cranks and hubs.
\r?\n> Anything else you can fill in would be appreciated.
\r?\n>
\r?\n>
\r?\n>
\r?\n> BOB FREITAS
\r?\n> looking to be a beautiful day in
\r?\n> MILL
\r?\n> VALLEY,CA
\r?\n>
\r?\n> http://www.wooljersey.com/