We just completed a custom build for our friend. It is a 1954 Schwinn Ladies Cruiser. It was in bad shape, but we got it refinished with new colors and some new parts.
The frame and parts were sandblasted and then powder coated. The frame received a matte black finish and the chain guard and rear rack both got florescent green. The handle bars had lost much of their chrome, so we had them blasted and then clear-coated over the raw steel. New chrome wheels, fork and cranks and matching grips completed the bike. Here is what it looked like before:

