A friend called me recently about a 69 GT500 in need of a total restoration. Been sitting in a barn for 40 plus years in Indiana. As far as I know, its supposed to be a numbers matching car. Its all there, but pretty rough. Havent talked numbers yet. Not sure what a good price to pay would be if it checks out to be what its supposed to be. Any thoughts on that, or tips ? Would love to bring another one back to life. Thanks in advance
Hi, and welcome to the Forum!
I would definitely have a Shelby professional inspect the car. Not only will that enable you to know if it's real, but you'll also know the condition and how much of the car is original; which will help in determining a value.
Best of luck!
In Indiana? How did Ed not find this car????
Quote from: Rickmustang on February 11, 2020, 05:20:27 PM
In Indiana? How did Ed not find this car????
Good question. :o
Seems to be alot of pricing data out there for restored ones out there. But for project cars, not seeing much info.
Assuming everything checks out to be 100% legitimate and complete, whats a fair ballpark offer for one in need of a total proper restoration? I dont wanna lowball anyone, nor shoot myself in the foot. I mean, 10k, 20k, 30k +?
Eds not looking for anymore 69-70 shelbys got too many now and plenty of restoration work. What part of Indiana is the car in? 69 70 shelbys are very hard and expensive to restore with more unique parts than any other mustang made so do your homework first or get some good advice before making offer.
thanks for the replies. Figured this would be a good place to get some info.
The problem is definitions
You might call a car "in need of some work" and others might say "complete basket case" for the same car.
Without seeing the issues its very difficult to put a price on a project
Its not unreasonable for a restoration to be over 100k
Its a very rare day when you can buy a big block under 50k. When you do, one has to start asking some ethical questions
From what it sounds like, based on the information I have been given, it sounds to be more of a basket case, rather than just needing some work. Meaning, likely some varment defecation, some body rust , and so on. Pretty much put away four decades ago in a barn, and left to fend for itself.
Big difference in value between a parts car(body not restorable,basically value is what the parts will bring individually)and a restorable core(body not so far gone that it can't be brought back) imho.....Most cars are somewhere in the middle ,which gets complicated.Photos would help for sure....
Agreed with all of the above cautions.
I'd also want to learn why that particular car was put into a garage (and left there for 40 years) when it was only ten or so years old.
Bummer. Found out today the original 428 is gone. Now has a 390.
Quote from: MsLucy on February 12, 2020, 01:34:41 PM
Bummer. Found out today the original 428 is gone. Now has a 390.
That would be a chunk of money that would have to be figured in.
I certainly don't want to discourage you.
Someone should save the car. My post was its a lot more expensive than most would intially expect and really only an in person inspection can pin down some numbers
I dont mind spending to do it right, even if I have to spread it out out several years.
Is it a matter of simply finding the correct proper date code 428 block, heads, and other items , to get it back to par? Or were the engines in these vin matched from the factory ?
The engines were stamped with VINs
Many Shelbys do not have their original engines
It doesnt change the value significantly
Maybe this will help with Pricing.....This one is for sale at Cape Cod Mustang for just $45,000........
http://capecodmustang.com/photo.php?directory=cars/2019_inventory/1969_red_gt350/
I love barn finds and project cars- been tempted recently to find a 68 GT350/500 big project myself. Over the last year I've seen disassembled to running 69/70's that were savable from 25-45k (including that most recent one at capecodmustang that's been for sale for awhile). I've only run across one GT500 project within the past year or so and it was on craigslist in the North East and facebook (some may remember that maroon one). It had lots of rust and a non original motor but was complete for I believe 25k. I spoke to him and I believe he paid under 20k and was flipping it (I think both numbers on the car were lower than I've seen in awhile). If I was forced to put a number out there for a non-original motor car that was otherwise complete but needed a full resto including unibody and body rust I'd say it would probably bring in the 30's. You would have way more into it than its worth if you did a full blown restoration but I also know people are willing to pay up on projects because they cant make the financial leap to a finished car. If you can afford what they want and believe you can restore it go for it!
It would help if you got the vin to make sure it's an original Shelby.If it's not it's value is based on it being a pretty mustang,which has significantly less value....
First and foremost welcome to the SAAC forum and congratulations on your find.
You should contact someone to assist you through this process and someone already provided the link to Cape Cod Mustangs ask for Brett
Also post some pictures as the suspense is killing us
for just $45,000........good luck
http://capecodmustang.com/photo.php?directory=cars/2019_inventory/1969_red_gt350/
Just so MsLucy isn't confused...the car she is looking into is said to be a GT500
The one Bret at Cape Cod is selling is a 350.
There is some difference in value...a 500 being more.
Well, went to see it yesterday. What a poor poor car. Original 428 is gone, was replaced with a 390. Floorboards rotted thru. Missing passenger door. Interior was trashed. Animals were definitely nesting in it. Raccoon seems to have gnawed thru a part of the hood. Interior dash and trim extremely corroded. It had 4 flat tires and was on a gravel floor, was hard to see but the frame looked questionable as well. Only thing saveable to me, looked like the trunk lid, front fenders, hood could prob be repaired, roll bar , and maybe a few other items. Driver door wouldn't open, it was frozen in place. Looking at the gaps on the door, wouldn't be shocked if the frame was starting to buckle. Been in a barn since 1980, pretty much neglected and left to rot. It was grabber blue, then painted red, then painted a dark blue at some point in its life.
Owner doesn't think its all that bad. He said if he doesn't get 30k, he will restore it himself. I just don't think this one can be saved.
Quote from: MsLucy on February 17, 2020, 08:49:07 AM
... What a poor poor car. Original 428 is gone, was replaced with a 390. Floorboards rotted thru. Missing passenger door. Interior was trashed. Animals were definitely nesting in it... Interior dash and trim extremely corroded... was hard to see but the frame looked questionable as well... It was grabber blue, then painted red, then painted a dark blue at some point in its life.
Owner doesn't think its all that bad. He said if he doesn't get 30k, he will restore it himself...
??? ::) :o :-\
Hopefully you can report the VIN fo the Registry
Quote from: MsLucy on February 17, 2020, 08:49:07 AM
Well, went to see it yesterday. What a poor poor car. Original 428 is gone, was replaced with a 390. Floorboards rotted thru. Missing passenger door. Interior was trashed. Animals were definitely nesting in it. Raccoon seems to have gnawed thru a part of the hood. Interior dash and trim extremely corroded. It had 4 flat tires and was on a gravel floor, was hard to see but the frame looked questionable as well. Only thing saveable to me, looked like the trunk lid, front fenders, hood could prob be repaired, roll bar , and maybe a few other items. Driver door wouldn't open, it was frozen in place. Looking at the gaps on the door, wouldn't be shocked if the frame was starting to buckle. Been in a barn since 1980, pretty much neglected and left to rot. It was grabber blue, then painted red, then painted a dark blue at some point in its life.
Owner doesn't think its all that bad. He said if he doesn't get 30k, he will restore it himself. I just don't think this one can be saved.
As Pete said I hope you got a pic or wrote down the VIN of the car for the registry. Vinny Liska(Mongo) does the 68-70 registries. Please register the VIN with him if you have it. In reality if you were to buy a complete 428CJ(assuming the car isnt a SCJ car-do you know the difference?) it is 10K easily if missing all the pertinent parts and I would bet the smog, s tube and heat shield are gone. 4 speed or Auto? Trans there? Gary
Quote from: MsLucy on February 17, 2020, 08:49:07 AM
He said if he doesn't get 30k, he will restore it himself.
He should get a start on that.
Sounds like another one may have"bitten the dust" :-X :'(