Love the Phantom! I grew up in the 60's and always wanted one of the Schwinn Krate's. A few kids in the neighborhood had them--with seven kids my parents could not afford one.
The did get me a nice knock-off bannana seat 5 speed but it did not have the springer front end. Still, it was a great bike until some jerk stole it from the school bike rack.
Funny thing is, my son who just went off to college had to have the new Schwinn OCC inspired chopper when it first came out. I went all over looking for one and almost broke down and paid way over market for one on Greedbay. Luckily, I found a Walmart that had a few. That bike got ridden less than 10 times and it now sits in almost unused condition in my basement. I guess part of the difference is that we don't live in the city where he could have ridden it all over town and the new one is not designed to be able to jump curbs and stuff like the old Schwinn's could handle. Not sure that it will bring the kind of money an original Krate brings but I hope it goes up in value.
Tim