I'm selling my 1940 Indian Sport Scout Motorcycle. It is fairly complete restoration project with a real nice frame, fenders, front fork, and handlebar assembly. These bikes have a 750cc (45 cubic inch) flathead v-twin motor that has good power to weight ratio and is fun to ride. The open fendered early post war Indians are highly collectible and are a work of art.
The frame is very clean and straight. Both shocks are present and complete. The frame has a very legible factory stamped VIN, making it a mid year frame.  This serial number was part of a batch of Sport Scouts sold to the US Army.  All holes are tight and have good threads. Note that this bike should have skirted fenders, but I chose to use the 1937 - 39 open skirt fenders instead because I think they look better (also I have a 1940 skirted fender scout, and the wheels are a big pain to remove or install with the skirts).  The gas tanks,rear fender, and front fender are brand new pieces from The Iron Horse Corral.  The chain guard front and rear pieces are from a military 640 scout.  The seat is an excellent recover from Heather's Leathers using a high quality black fine grain leather. 
The crankcases have excellent very early factory stamped numbers but the numbers don't match the frame.  Included are both 1940 45" cylinders, a set of factory 45" rods with "Z" metal flywheels, and both aluminum heads. The heads have a few bent and broken fins, but overall the motor parts are in excellent condition.  Also included are an excellent set of 45" cams, four NOS valve guides, and a complete set of cam followers.  The cam cover is an NOS piece.  The GAS-4166 Autolite generator has been rebuilt by Indian Frank.  The distributor is an NOS Autolite with no wear.  The transmission is an NOS piece with absolutely no wear on the gear teeth or main shaft.  The carburetor is a Linkert 641 with great threads and no damage to the bronze body.  The oil pump has been cleaned and rebuilt.
The Motolamp headlight is original, but has been converted to a sealed beam light.  The wiring harness is brand new.  The rear tail light is brand new.  The ignition switch is brand new.  The handlebars are nice and straight.  The horn is an NOS Sparton 6 volt horn.Overall the bike has great patina and potential.