It turns out the first 2 bikes I've owned were both early 1970's Schwinn Varsities. That model holds a special place in my heart.
Make and model: Schwinn Varsity
Year: early 1970's
Handlebars: Drop bars
Gears: 10 speed
Where: The back room of Rowley Press, Provo Utah
I paid: 1 metrolius hangboard
Original Condition: In need of love, but in good shape
Major modifications: converted to a fixed gear soon after I traded for it. I removed the friction light generator and added a rack as well.
Status: Stolen August 2010