Some advice from the 50's bike guru's please(see picture)

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A good friend came up with this bike and called me,hes not a bike guy but says its a 1957 hiawatha.I havent seen it in person but it looks to be in fair shape.He'd like to get 200.00 for it,is it worth it? I get a little dumb outside of schwinn territory and would really appreciate some help.
57hiawatha.jpg
 
Looks more like a 1953. If someone offered it to me for $200 I wouldn't hesistate. Only things missing are chainguard, light, grips and corrrect seat. Chain appears to be apart but there.
 
Naw......don't do it...just pass along my name to him...I'll take care of it for you... :mrgreen: :mrgreen: Nice find!
 
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