I rode it over to a local bike shop and the guy there handed me a complete new inner works to install. Now all back together, it stops fantastic but it still 'kicks back a bit, and it sounds like a cow mooing when I apply the brakes. All the splines and internals look basically new. I cleaned the hub out with mineral spirits, and relubed with Park bicycle grease. I took the hub apart and other than it having what was likely 50 year old petrified grease inside it didn't really show any wear. When I first got it, the coaster brake would kick back a bit when trying to stop and wasn't very effective. I took the whole bike apart for a full clean and regrease. The wheels needed some truing but nothing major. The bike is pretty clean, not even a ding in the chrome fenders. I picked up a fairly clean old Schwinn Typhoon a while back out of a dumpster.
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