Since Howie Cohen's passing, no items are for sale.
The serial number is E-15201 which is located on the underside of the BB tube. This bike is probably a New World produced in 1952. It is incomplete (as shown) and in rough condition (rust). The handlebar stem is forged. There is a front caliper brake with the lever on the handlebar. The chainwheel has the letters A S and CO (Arnold Schwinn and Company). See the picture gallery. This bicycle is no longer in my collection, it has been sold. I have decided to sell almost all of my collected bikes because I no longer have the space they require.
Picture Gallery for this Item (click images to enlarge)