Price on a Schwinn

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So I may have the oppurtunity to buy a (seller described) "1940's Schwinn New World, diamond frame, locking fork, two speed hub, in good shape." for $150. I don't know much about old diamond frame bikes, but something tells me that this might be an okay deal. Sorry no photos. How much do these usually sell for? Thanks in advance.
 
If it has a New Departure 2-speed you are talking more like $200 for the hub alone if it's in decent shape and works. Gary
 
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