Schwinn Varsity 10 Speed Bicycle 70's - early '80's . Needs front brake and rear derailer adjustments. Brakes work fine , although the front brakes need to be adjusted. Front derailer works fine , rear needs adjustment . Tires hold air , but are old.
This bike rides very nice. I waxed the chain and rode it recently. It is an all original Schwinn Varsity from approximately 1972 , but not much later. The photos tell the story.