This 1954 Ladies Varsity is a Beautiful Early Schwinn Lightweight Touring Bicycle. Typically when you think of Schwinn Varsity you think of the mass amounts of Varsitys produced in the 1970s, this Gem definitely comes from a Different Era. Classic Blue, Cream, and Red Paint, with a Sturmey Archer 3 Speed, Hand Brakes, Touring Saddle, Lightweight wheels, and Fenders.