Put a scale on that thing! 38 pounds of cycling there, and I do not mean the cost. Very durable bike, though, joined together by internal lugs, made of regular steel, no chro-moly or such. A very common bike in the U.S., even to this day. Probably most Schwinns were this model. Reliable and heavy. Schwinns were marketed on Tv by a children's show host called "Captain Kangaroo". Some bizarre YouTube viewing, there. Especially all interactions with "Mr Moose". My last interaction with a Varsity went like this-
I bought for $15.00
Sold for 30.00 to a reseller
Who sold it on for 60.00.
That one appears to be in good condition, in a popular color, (Kool Lemon) and I would say $60-75 American all the live-long day at retail in the States.