I had been having 2nd thoughts about my assertion earlier that this was not a Paramount. The serial # is spot on. I wondered it the Chicago factory would do a build this radically custom. I have heard of such things but not encountered one before. The answer is apparently YES they would and did build this bike. Below is communication from the seller:
"Hi, thanks for the help and interest.Waterford states this is a custom rare made schwinn paramount.The frame has 3 serials: #L73611-L73117-19866 Im not sure what is the last number but the steertube also has the letters HART - P4 .I WILL BE CONTACTED BY WATERFORD WITH FURTHER INFO.The serial L73611 is not visible seems the chrome was polished at some point.Thanks,CALEB.
- caleb8381"
The seller had contacted Waterford at my urging. This may be more special than I had thought.
Tom Sanders
Lansing, MI USA