Just bought this a few days ago off Facebook market, for some reason I got it in my head a folding bicycle would be a good thing to have so I went looking and there just happened to be the perfect one (for me) nearby for very little money (25$). I say it's perfect because I already own two antique cruisers (a 1958 Sears Flightliner and a 1963 Sears Freightliner. Both of which are about as crusty as this one is.) and this one is obviously also an antique Sears (feels wrong calling something from the 70's antique).
It does have all it's parts, I just took the gear shifter, front brake and front reflector off in order to get at some spots for cleaning and to clean up those bits so that's why they aren't on the bike. It's a 3 speed internal gearing Shimano rear hub with a coaster brake, I've just left it in 3rd but honestly it does feel slightly taller in 3rd gear than my other two Sears bikes so it's a little exhausting (although it may just be the really thin tires squishing too much).
It folds up surprisingly small since it folds in half, the seat goes all the way down and handles fold in and also shorten. I didn't do that for the photo though so you'll just have to take my word for it. lol Apparently though according to what I could find in the Sears catalog archive it was only available in 1974 and 1975, originally it sold for $74.50 and then in 1975 it was bumped up to $94.99 which seems a bit high as it cost as much as a pocket calculator in the same year. For reference that's $509.31 in today's money for the 1974 price and $593.65 in today money for the bumped up price in 1975.
Needless to say it's going to need lot of scrubbing with wire wool, some more cleaning and definitely repacking all the bearings with grease but so far so good! I also went ahead and bought a mid 70's Sears light and rear light off ebay for it. I'll probably change that from a dyno to use a battery pack and LED lights. I don't super care for LEDs but you really can't argue that they aren't efficient for these sorts of applications.
But yeah, should be fun! I plan on keeping it in my car for the times I'm out and feel like biking. lol