Originally Posted by georgegervin44
All, hello. Been lurking awhile and may have had a diamond drop in my lap. 1965, #'s matching, 4 barrel, 389, 2 speed auto. PS. Almost zero rust, engine Nd tranny have been used in other car for a decade, car has been garaged and in pieces for 30 years. Engine had nearly 200k miles on it before it was taken apart and has been rebuilt since. All parts are present, bagged and tagged. Original paint with some touch up.
What should I pay for her???
Thanks In advance!
Looks like more than "almost zero rust" based on your photos. I would want some good photos of the frame and under carriage if you haven't got any.
I get nervous when someone else claims the engine has been rebuilt; define "rebuilt". I would rather have it as is so that I could rebuild it and know what was in the engine and what machine work had been performed on it. A rebuilt engine is not always a plus in my book.
Looks like a ground up, but not frame off, is needed. Has definite potential. With all those years on it, my guess is that dry rot has taken its toll on rubber and possibly interior pieces. Remember that these older cars do not wear like the cars of today. At 60,000 miles, front-ends become worn out, engines were tired, rear suspensions got loose, etc., so expect to rebuild most of the car. What is the original miles on the car?
Numbers matching is a good thing for someone who wants that. My opinion on its value because of numbers matching is that you would have to find a very specific buyer, especially wanting the 2 speed automatic, and along with this, a restoration back to factory original would have to go with that. To upgrade the engine with a tri-power/more HP and 4-speed/OD automatic and go after a performance build would most likely appeal to a broader buyer market and may actually pull a higher value in resale if done right, while not necessarily having to go all original and including modern upgrades like disc brakes & sway bars.
To go numbers matching and then follow up with an original resto may become costly and may not yield your investment back. Of course if you simply plan on keeping it a lifetime and are not interested in selling it once you have possession of it, then cost may be irrelavent -like most of us, they become projects that never "quite" get finished and we keep putting more money into them.