Vintage Schwinn New World Racer frame set. Decals and paint are likely original. Frame and fork are straight. I think this is a 1939 or 1940. Some other parts also listed, was setup with fixed gear wood rims and track bars.

Bicycle frames are professionally packed and ship wrapped with foam inside a new box.  Any crank, headset and bottom bracket parts pictured are included, have not been inspected, may need service. No dents or cracks. Some scratches and marks. All parts pictured are included. 

Vintage Schwinn New World Racer Frame Set 1939 1940 Black 21 USA Track Bike

Approximate Measurements:

• 21" - Seat Tube Center to Top