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1966 GT350 values, in the market

Discussion in '1965-1970 Shelby Mustang GT350 & GT500' started by ShelbyLuva, Jul 16, 2007.

  1. ShelbyLuva

    ShelbyLuva Well-Known Member

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    Does anyone have any opinions on real value or actual sale prices of '66 GT350s or Hertz cars? I'm in the market, well actually very close to a deal, and am just looking for an update in this somewhat crazy market. Where are these going to go in the short term? I'm in it for the long haul, to drive and enjoy, but of course it is nice to buy at the right time:thumbup:
     
    Last edited: Jul 16, 2007
  2. zrayr

    zrayr Well-Known Member

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    Re: '66 GT350 values, in the market

    if you find a rust free (structural rust that is) '66 GT-350 driver for under $125K, then buy it and enjoy. What are the particulars of the deal you are involved in? Post the Shelby serial number too, many of the serial numbers are familiar to the regulars on this forum. We might have info you need.

    Z. Ray
    6s1117
     
  3. ShelbyLuva

    ShelbyLuva Well-Known Member

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    Re: '66 GT350 values, in the market

    I'm looking at sfm6s724. Black/gold Hertz car, rotisserie resto in the 90's after being found in a barn in 1985. Solid, no significant rust repair history, no accident history. Auto, original trans and rearend, currently sitting with engine out of another '66 GT350 per Howard Pardee when he checked the engine VIN. Date code correct. Interior original except front seat covers and NOS dashpad. All fiberglass hood replaced was replaced with steel/glass that has slightly raised areas on the outside from the spring pressure of incorrect hood springs. Nice detailing such as red oxide, overspray, some paint markings and daubs, but not concours.

    What do you guys think? Does anyone have any additional info on the car?
     
  4. zrayr

    zrayr Well-Known Member

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    Re: Any info on sfm6s724?

    Do you have the latest SAAC registry? THe info listed for #724 is more or less consistent with what you have provided.

    Last owner listed was Gordon Sheppard. He purchased it in '85, after finding it sitting in a field since 1976. Not a barn as you were told.

    You mentioned it has had no significant rust repairs. I would be skeptical on that subject. After 11 years in a field (or barn) there would be some rust issues.

    Perhaps the repairs were very skillfully done.

    The only other issue that comes to mind would be the non original drivetrain (engine). That would bring the value down some.


    Z. Ray
    6s1117
     
  5. sfm5s159

    sfm5s159 Active Member

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    Re: '66 GT350 values, in the market

    Tough question.
    I would be pretty happy to pay $100k for that based on your info.
    Maybe I'm nuts.
    MC
     
  6. Mygt350

    Mygt350 Member

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    1965 Gt350

    Can anyone tell me who the original owner of 5S228 was and where is was sold?
     
  7. Texas Swede

    Texas Swede Well-Known Member

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    5S228 was delivered without Le Mans stripes and
    was equipped with steel wheels from the factory.
    Car was received at Shelby American on 5/7/65.
    Work started the same day 5/7/65 and was finished
    on 5/17/65. Shipped to Adamson Ford, Inc. in
    Birmingham, AL on 6/4/65.
    No owners listed in the registry, sorry.
    Texas Swede
     
  8. Mygt350

    Mygt350 Member

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    When I bought the car in North Texas back in 66 or 67, it had 1,100 miles on it. I heard a Navy/Marine chopper pilot had bought the car and left it with his mother while he was overseas (assume Nam). She traded the car in on a new Pontiac or Buick and I found it on their used car lot with 1,100 miles on it. Car had Military insigna on rear windor. Research shows it belonged to Marine Heavy Helicipter Squadrion 264 (HMM-264). I have obtained the squadron insigna and its a perfect match for the insigna thats still on the rear window to this date. Its 800 miles from the original dealership to North Texas. That means he bought it and drove the 800 miles and off to war. His mother drove it the extra 300 miles to keep it running while he was away. Car indeed did not have the Lemans stripes. I remember it having hubcaps when it was on the lot. Dealership obviously did not know what they had - nor did I. Anyway, I have had that car ever since then. Although it hasn't been driven in almost 30 years, it makes your heart pound when the LeMans cam rattles the fenders. Oh yea, it holds 50PSI at idle. Have Crager 5 spokes on it now, but still no stripes.

    5S228
     
  9. computerworks

    computerworks Well-Known Member

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  10. Mygt350

    Mygt350 Member

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    Thanks, just did the post.

    MT 5S228
     
  11. 5S284

    5S284 Well-Known Member

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    Back to 6S724, I inherited a set of Mustang Monthlys from the late 1970-early 1980's and in on of the opening section of one of them was a picture, if I remember of 724, look his last name up in the registry, he bought two of them on the same farm, at the same time, both '66 GT350's sitting outside, I sent the blown up picture to Howard Pardee,who did not have it in his file. It was not a pretty site, but at least they were "saved". I would contact the person who found them out in the field, better to hear the history and what the car was like at that time than who you may be talking to today about it.
     
  12. shelby73

    shelby73 Active Member

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    I don`t think a non -original engine hurts a GT-350 that much as long as it is a hipo, it`s not like we do not know what engine it came out with like a Chevrolet, I have had several 66 Shelbys over the years and not many of them had a serial number on the side of the block, and a lot of cars the that do have been stamped which is not hard to do. IF YOU DO NOT BUY A 65 OR 66 SHELBY BECAUSE YOU THINK IT DOES NOT HAVE THE ORIGINAL ENGINE, YOU HAVE MADE A MISTAKE, BECAUSE THE ENGINES ARE A LOT EASIER TO FIND THAN A GOOD CAR. I would take a good car with the wrong engine anyday over a bad car with a correct engine.
     
  13. zrayr

    zrayr Well-Known Member

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    define bad car. many things can be fixed to make a car "good". One thing that comes to mind that can't be "fixed", is to transform a non-original engine into the engine that sat in the engine bay the day it was delivered. There are plenty of cars for sale out there that still have original "everything". They just cost more. If that's what you want, keep looking.


    Z. Ray
     
  14. Mygt350

    Mygt350 Member

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    Gee, let me see, spend some cash for a early Shelby with a run of the mill 289/302 with a cam or spend some serious cash for the real deal. If you are happy with a car thats "close", fine. But if you want the real deal, wait for it. You get what you pay for.

    5S228 = matching number car
     
  15. 65gtfastback

    65gtfastback Well-Known Member

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    A Shelby I knew of long ago had the original engine grenade and it was long gone in the 70s. That car is now concours correct, changed hands several times and was advertised in Hemmings years later with the "real deal" matching number engine. Its now cream of the crop.
     

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