Another lucky Excelsior owner!! Hi Ron, I don't know how many teeth are on the rear sprocket but I do know that D is the 1934 identifier for Excelsior.
Excelsior started alphabetical identification of each years range in 1931 with an A prefix on all frame numbers followed by the actual model number so as your description of your bike shows, the frame identification consists of a letter, a number, and then the actual frame production number.
So. we have an A frame prefix for 1931, B for 1932, C for 1933, D for 1934 and so on.
The above makes for very simple identification of any Excelsior from 1931 up to Herr Hitler stopping play. As you can see, by this system, if you frame number reads D7/**** I think your bike is a 1934 model.
How about a photo? Always like to see photos of Excelsiors, unfinished, incomplete, before restoration, who cares. I like Excelsiors.
Cheers,