If it's not trashed it could be a smokin deal. Check the tops of the pistons, should be marked (.030) or such if its been bored out no markings should mean virgin block. Rotate it with a large socket and bar to see if its smooth and does not bind or grind. Check for a ridge where the piston rings top out. If its a virgin block snap it up, by all numbers it appears to be a RAIII motor, but i may still offer a few bucks less as its not a running engine, or at least you have never seen it run, and i rarely pay asking price. The #12 heads in 70' are good large port screw in stud heads. Specs were 366 HP, 72cc RAIII D-port heads and will need a dished piston on the re-build to get the compression down to 9.5:1 or so.
Nice car, can't go wrong with triple Black.
Last edited by Instg8ter; 07-05-2013 at 08:10 PM.