rms37 wrote:Serial number is 312769.
I believe you are reading the serial number incorrectly, it is likely B12769 with perhaps an incompletely struck letter. That would be an appropriate serial number for what is an early 1937 Cleveland Welding built Roadmaster. It looks like the bike should clean up nicely and it is generally complete and original as it sits.
The special piece on this bike is the reasonably rare version of the standard 1935/37 rack with the built in tail light. Most of these racks only have a reflector without the battery light. The lighted rack is valuable on it's own but be especially careful of the glass lens, it is next to impossible to replace.
I'll check the number again carefully tomorrow but that would make sense. And yes my aunt said that everything on it is original. The only thing that is missing is the mesh guard that would have gone over the back tire (notice the holes on the back fender). She said since girls would always have dresses on they didn't want them getting caught. Makes sense! Reasonably rare for the back light huh? Yeah that is something that definitely stood out to me, hence it being one of the pictures I quickly took. What does having something like that do to the value on a bike like this?