The Racer is a real classic Chicago Schwinn cruiser bicycle. It is considered a lightweight touring model with a budget price by Schwinn. Diamond steel frame with tubular rims, fenders, and foam-cushioned saddle. These came in two sizes, 19” or 21” with the option of coaster brake, 2-speed, or 3-speed. 3-speed was the only version to have handbrakes. This example has a 3-speed rear hub and black paint.
Models
K11 19”
K12 21”
Colors: black, radiant sky blue, or flamboyant red.
Retail price in 1966 was $43.95 for coaster brake version or $51.95 for 2 or 3-speed.
Links
Schwinn Bicycle Company History
Frugal Average Bicyclist 
Hey, Jim. I always enjoy reading your posts, but I thought I should mention that something is wonky with your new format. I’m unable to like your posts, instead getting a “loading” message in the “Like this” section. I’ll still keep reading, of course, but I thought I should mention it…
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Thanks for letting me know.
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how much are one of these bikes worth. I’ve got one other than the tires. 100% original. Thanks
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In good condition I usually see them priced $100-200 around here.
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