I'm submitting a second entry in the build off in whatever category is appropriate. Not too sure what the categories are.
This is a 1951 Schwinn with a cantilever frame, a Harbor Freight 79CC Greyhound engine and Qmatic transmission. I have a build thread on it located here...
http://motorbicycling.com/f37/greyhound-51-schwinn-cantilever-build-25200.html
I was only able to put 25 or 30 miles on this bike before winter spoiled the fun with snow and cold, but even without being broken in it has a lot of power from a dead stop on up and with the 65T driven sprocket it walks right up hills. This was meant to be a kind of utilitarian, low budget, do everything good looking bike and so far it is everything I hoped it would be. The frame was free and the springer fork required repair at a cost of $25.00. Another $20.00 was spent in paint (Wimbledon White Duplicolor rattle can, primer and clearcoat I had the tires and tubes, old handlebars and heavy duty front wheel. Got a low budget heavy duty rear wheel from bikeworldusa for about $50.00 if I remember right. Seat was free junk which I rebuilt and covered in elk hide, new foam grips also covered in elk hide. I had the set of Wald fenders which had been purchased for another bike last year, arrived bent by UPS from bikeworldusa and were replaced by them. I bent these out as well as I could and they are good enough for this bike. The engine was on sale and with a 20% off coupon came to $81.00. I made the cantilever front brake from a plate scavenged off a dump bike( new pads and hardware came to $13.00, made the front fender copper and jewel running light (clear faceted glass lens) and in back a combination brake/ taillight/ turn signal unit modeled after those on motorcycles. This unit is also made from copper and has three ruby stained glass faceted "jewels" as lenses, each with nine LED lights inside. I have a great fondness for copper and once had a stained glass window business, so do love the glass jewels. These lights are an extravagance and I don't like to admit that with everything I have around a hundred bucks just in materials invested in making them and many hours of fussy labor. But I like 'em and they are like a signature saying "Silverbear was here". Ha! Rear baskets were free from a dump bike. The behind the seat gas tank I made from a juice can and covered it in harness leather. The rear rack was free and came originally as a front rack on a girls Monark bike from the sixties. This winter I intend to make an in frame copper gas tank for this bike, but that won't likely be done before this build off is over. When I have that in place the rear tank will be auxiliary with it's own shut off petcock. Between the two it should have good range. The flex exhaust is from EZMotorbikes and is around $40.00. What transforms the inexpensive industrial motor into a cool bike motor is the Qmatic transmission. it might seem an extravagance, too, considering the low cost of the motor, but it is where the magic is on this build and makes an old bike and an industrial motor into a smooth running, dependable, fast motorbike capable of eating up hills. The transmission costs around $250.00 and in my opinion is worth every penny. It is very well made in America, has the best clutch out there and is guaranteed. It's bullet proof. I think the drive system is the one area where you don't skimp unless you are capable of making your own. I'm not. I got an adjustable pulley from Granger (about $25.00) for it so that I can fine tune the gearing for when I am in the mountains in the winter or in more level country in the summers. I wanted for this bike to be dependable transportation to take the place of my truck as much as possible. Now I have two very neat four stroke bikes and as weather permits, they will be primary transportation extending the life of my truck and reducing by a lot what I spend on gas. At one time I would have compared the costs with those of a China girl build and thought they were expensive, but it is apples and oranges and two very different things. For me, my two strokes are bicycles with motors. The four strokes feel more like light motorcycles. They are just different and what I imagine a Whizzer must be like. So, lets see what this bike came to. I'm adding in $10.00 for #41 drive chain. The rear sprocket came from an exercise bike and the rag joint hardware from an unused China girl kit. I made the motor mount using a couple hockey pucks and U bolts so add in another $15.00. I get a total of $596.00 which in my world is still a lot of money. But I think I ended up with a lot of bike for the money. If I hadn't done the lights it would have come in under $500.00. Pretty good. Hope you like the bike.
SB