You’re talking about the Schwinn “Krate” series. There was an Orange Krate, Apple Krate (Red), and maybe some others. I remember Captain Kangaroo hawking them on his show when I was a kid. They’re highly sought after by collectors today; I’ve heard of some examples selling in the thousands! Me, I had the Ross Apollo 5-speed. It also had a stick shift and banana seat; not as fancy as the Schwinns, but a cool ride. I wish I had it today, although I’d look pretty silly riding it!
Original author: Spanky