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06-12-2020, 11:37 AM | #1 |
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Are Mustangs still collectible?
Mustangs used to be a car that folks bought, restored and collected. It seems like unless it's a special car, fastback or related, nobody wants them. I believe the market for any of our early Fords is very soft, however.
So the question is, what about a plain old first generation mustang coupe or convertible? Are we now just throwing these cars out with the trash? It seems like you'd have to nearly give one away if you had one to sell, project or finished car. If you wanted to purchase one you'd have quite a bit of leverage on negotiating if the seller was motivated. Thoughts? Seth |
06-12-2020, 11:56 AM | #2 |
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Re: Are Mustangs still collectible?
rust is the worst problem.i havent seen any being given away yet.
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06-12-2020, 01:30 PM | #3 |
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Re: Are Mustangs still collectible?
Yup, especially structural rust in the cowl area. Not the end of the world but costly to fix depending on the extent due to the unibody construction.
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06-12-2020, 04:42 PM | #4 |
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Re: Are Mustangs still collectible?
If you are going to buy one, at least get a convertible. Find one from NM or AZ, Colorado is not bad either.
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06-12-2020, 05:10 PM | #5 |
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Re: Are Mustangs still collectible?
Run of the mill Mustangs may suffer a little from "Model T syndrome"; i.e., an attractive, desirable, iconic, historically significant and generally all around good car that has somewhat deflated values because they made so darn many of them. Mustangs have an advantage over the T, however, in that they're much more usable on today's roads. Based on what I've seen, Mustangs just might be restored more than any other old car - in part because of their affordability and vast numbers - but it seems that Camaros of the same vintage have a somewhat higher value, even the plain jane models.
I actually don't know much about Mustangs, but I know the mid-60's Thunderbird I picked up a couple of years ago has a related dilemma: affordable as a vintage car, so it's easy to get into one, but it's also hard to justify putting a lot of money into one, values being what they are (even for restored cars.) But the T-Bird isn't alone in that regard within it's genre (personal luxury.) Mid-60's Buick Rivieras and Olds Toronados are also cool looking cars that don't seem to bring a bunch of money. Part of the problem with with personal luxury cars of the era is that, despite their sporty looks and big engines, they're heavy cars that really aren't designed around performance. That can't help value. Frankly, I'm expecting to see the values of most 40's, 50's 60's and early 70's American cars start heading south...in a big way and permanently. The people who remember the era are becoming fewer and fewer. And beyond that, it seems like young people just generally don't have the interest in old things like we did when we were their age. |
06-12-2020, 07:12 PM | #6 |
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Re: Are Mustangs still collectible?
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Thats my thoughts.
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06-12-2020, 07:20 PM | #7 |
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Re: Are Mustangs still collectible?
Seth - the answer to your question has several facets: as others have pointed out, and you surmised, the market is somewhat soft right now - and not just for "collectibles." In particular the Mustang world is filled with "Mustang nuts" (I am one, having "cut my teeth on Mustangs" and campaigned a blown '67 fastback for years) who are constantly buying and selling. The selling market is hot, for the right car and buyer, just exactly as is the EV8 and the A Model. For the average, run of the mill car, the prices are much lower but when the car and buyer match expect to pay a premium. Couple cases in point: I sold a 1966 Mustang Sprint 200 Convertible last year, totally rust free and a very nice cosmetic refresh for $15K. It was EXACTLY what the lady was looking for, and her husband (also a Mustang nut) was only too happy to write the check. My current, nearly finished project, is a '68 Mustang Convertible, GT Clone, that is also totally rust free, and I have a standing offer of $25K. Finally, as you know, I own the Truckstang, the only Fox-bodied Mustang Pickup in existence. My custom built Mustang just completed an 8-month tour in the Mustang Owners Museum in Concord, NC to rave reviews and a number of offers (nope - staying in my collection)!
All this to say that the market is soft in some cases, not so in others. My '31 Slantwindow went to a collector in South Mississippi for $18,500, but it was an excellent example. My '29 Tudor, also excellent, sold for $11,000 and I was happy to get that much! You are correct concerning motivation: that is always a determining factor! Not throwing them out with the trash - enjoying the restoration and reselling too much.........and besides, this way Margretha always knows where I am.....grin! Best wishes to you and the ladies of your household!
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06-28-2020, 07:20 AM | #8 |
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Re: Are Mustangs still collectible?
Marcus 'ol mate ..... I've lost your email.....
Rooboy................ |
06-28-2020, 07:16 PM | #9 |
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Re: Are Mustangs still collectible?
G'day, Rooboy!! When I retired, the agreement with the State of Mississippi was that they would leave my computer email active, so that I could assist the incoming Director: some bean counter ignored that and deactivated the email, causing me to lose all my addresses and links. I lost yours as well ...... And the new Director was highly perturbed, to use acceptable language!!
My new email (nothing to do with the government!!): truckstang01@gmail(dot)com. Send a note, Mate!!
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10-02-2023, 12:12 PM | #10 | |
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Re: Are Mustangs still collectible?
Quote:
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06-14-2020, 08:30 PM | #11 |
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Re: Are Mustangs still collectible?
I almost bought one back in 2016 for $5000. a '66 with the straight 6 and automatic. I could probably sell it with a little fixing for close to $9000 today. So, I'd say anything '69 and down with no major rust are desirable.
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06-15-2020, 08:45 AM | #12 |
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Re: Are Mustangs still collectible?
Thanks for opining everyone. I have a '67 coupe. I've owned it for about 18 years. I did a lot of work to it, floors, torque boxes, rear quarter panels, truck drop offs, outer wheel wells on rear and of course paint. All of this after I bought it, 18 years ago. It's a 289 car , C4, factory air, power steering and deluxe brushed aluminum interior.
I have't driven it much over the course of the past 8 years. I've put some miles on it this spring and have been working on small items that need attention, all mechanical. I was mostly curious. I live in a small town and there is only one other first generation mustang near me. I'm more into flathead V8 cars. Getting back into the Mustang has been a nice change of pace. I've never thought of any of my cars as an investment. I just enjoy working on them and driving them. |
06-15-2020, 10:23 AM | #13 |
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Re: Are Mustangs still collectible?
Marcus, would love to see pix of the Truckstang.
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06-16-2020, 01:19 PM | #14 |
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Re: Are Mustangs still collectible?
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10-02-2023, 12:12 PM | #15 |
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Re: Are Mustangs still collectible?
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06-15-2020, 03:32 PM | #16 |
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Re: Are Mustangs still collectible?
The ones that are harder to sell are the first generation cars with 6-cylinder drive train. Most folks know that they can't just stuff a V8 in there due to the lack of V8 structural upgrades so they go relatively cheap by comparison to the original V8 models.
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06-15-2020, 05:04 PM | #17 |
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Re: Are Mustangs still collectible?
I've thought about upgrading my engine from a 289 to 351 Windsor. But then I think it's not necessary. It'd be fun though.
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06-16-2020, 07:51 AM | #18 |
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Re: Are Mustangs still collectible?
I'd be into one with a 6 and automatic, they are nice driving cars although down on power. I had a '68 GT fastback Bullitt car for a while, factory 390, 4-speed, Detroit Locker rear, Kelsey Hayes discs up front. That was brutally fast and earned me loads of tickets.
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04-13-2024, 07:13 PM | #19 |
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Re: Are Mustangs still collectible?
Since 2016, I have a '68 "6" auto, Gulfstream Aqua/white vinyl roof '68 buckskin color interior. ('67 had its buckskin color) Very enjoyable in-town driving. power steering.
Power steering 'for the wife' owner said of this State-of-Washington car. same community its entire life.(built in San Jose.) I had a '68 "6" auto, Highland Green/black vinyl roof in '68. Missed it. Thank You! |
06-16-2020, 10:50 AM | #20 |
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Re: Are Mustangs still collectible?
58Yeoman: check your private messages.
Seth: lots of fun to upgrade to a 351; however, larger = heavier and structural / suspension changes are necessary...... However, a blast to drive, especially out in the country where you and I live..... Bobss396: my Bullitt tribute was powered by a Rousch 351, Tremec 5-Speed, blindingly fast but what a scream to hammer! Sorry to see it go, but when the fellow with DEEP pockets waves cash........Grin!
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