Very Early Schwinn Excelsior

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Dearborn heights Michigan 48125
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I have this old school schwinn , i cant find any info on the serial number to tell me the year of production , was hoping to find some knowledgeable clues to fingd the production year....
sch_zps836baa1e.png
 
Serial? It's postwar and it could be 46-48 if it doesn't match any later serials, when Schwinn records were lost. I've never seen the ribbon badge on a postwar bicycle though, but it's possible.

Pre-48 used drop centers before the S-2 was introduced that year. It looks like you have one of each so that'll make it hard to narrow down by the parts alone.
 
The crank may or may not be date stamped. If you list the serial, we can probably give a date even if it's not in the records. Parts are missing and a restore would cost far more than its value (as is the case 98% of the time anyway). Ride as is or even respray it however fancies you!
 

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