The Ford Mustang was in its fifth full year of production in 1969. The car received its most extensive restyle that year, but it was still clearly a Mustang in appearance. Out of 300,000 Mustangs built for 1969, just 10,464 came with the S-Code 390 cubic inch V8 that produced 320 hp. According to the seller, he has a Marti Report for this auto indicating that it’s the only one built with the combination of equipment and colors on this fastback. It has more than its fair share of rust but may only have 44,000 original miles and is in semi-running condition. Located in Las Vegas, Nevada, this Ford is available here on craigslist for $29,800 or the closest, serious offer. Our appreciation to T.J. for sending his tip our way!
This Mustang was only in service for a handful of years, being titled last in South Dakota in 1974 and registered in 1976. From then until the seller acquired it, it resided in a South Dakota barn which was complete with a dirt floor. It’s a verified numbers-matching car, with the 390 and 4-speed manual transmission. It’s not a Mach I nor does it have the biggest of the big motors available at the time in a Mustang, the 428 Cobra Jet. But, according to the seller, everything adds up on this Lime Gold Mustang as having been the only one built as you see it.
Some work has been done since the car was discovered, sporting a new gas tank that’s already installed. The car runs badly now and a rebuild or replacement of the carburetor may cure that. The seller has the correct carb and will swap those so it’s a running machine before loaded up for its trip to a new home. The original carburetor will be retained so that the drivetrain’s authenticity can be kept. The brake pedal is frozen, but that doesn’t prevent the car from rolling and the seller has run it through its gears.
Mother Nature and the storage facility have contributed to a rusty project, but one the seller says is fixable. He’s both a Mustang collector and restorer and has dealt with examples in far worse conditions. The undercarriage is quite crusty and the floors, torque boxes, portions of the frame rails, and other places along with some sheet metal are going to need replacing. The car was equipped with the standard Mustang interior, and it looks decent with only some split seams and the carpeting being standouts needing attention.
If this car checks out to be what the seller says it is, do you agree that it’s a $30,000 car in its present condition? By the time you get done, you’re going to have considerably more than that amount invested, but then you may have a car that only one example like it traveled down the assembly line in 1969.
Whoa! – Looks like you’d need a shot,
or a haz mat suit to work on this thing.
I like 1969 Mustangs (had one). I can visualize this example when new, it would have been cool in a more-understated way (390 4-speed but not a Mach 1). Not sure how viable it is to return to its former glory…. especially at the asking price. I’d like to see the Marti Report. The craigslist ad does have quite a bit of info and several pictures, but if I was interested I would be half afraid to contact the seller based on the distinct ‘attitude’ at the beginning of the ad.
Ok, it’s rare. Sounds like it was ordered this way for towing, not performance though. For the same or less money, I’d rather have the Mach1
This is also an “SR’ code Mustang..for Serious Rust
my bodyman would call cars like this maggots lol. He drove rig and did the bodywork on the side. He fixed up some minor stuff on my 77 150 4×4 . He told me people would constantly come to him with old h.s dream cars that were bombed and beg him to fix them .. open wallet often. His dilemma was the time, immense work, and the exorbitant cost to repair said maggots, so he almost always refused. He did a few and showed me his picture album. The amount of work blew me away. Somewhat of a lost art these days a good bodyman.
If a Mustang collector and restorer wants to get rid of it, you know he thinks it’s a POS.
That’s why they are called ”Rustangs”
I asked owner if it was still available, he said yes.
We all know someone is going to buy and restore this at any cost. That’s really not a bad thing either
The regular 69 sportsroof is my Favorite Mustang.
Another RUSTANG. She’s in sad shape. Might need put out to pasture to finish life grazing.
What a beater, i think the seller forgot “Hey You Kids Get Off My Lawn” in the ad.
Anyone is looking at $15- $30k for new metal on qtrs, rockers, rails, torque boxes and floors before he even gets to paint. And with the asking price at nearly $30k yore going to be immediately underwater on what the car is worth. No thanks
Not a rusted out basket case, just needs all the regular mustang stuff, you know, just the floors and every body panel and hood, trunk lid, and doors? Did I forget anything? Oh yeah, only $30k too. Where do I sign 🤔?
Never realized that Rust was considered a color.
This is a great candidate for Rusty Gillis.
Take a look at this link if you are considering buying something like this:
http://www.spiuserforum.com/index.php?threads/1969-mach-1-restoration.3418/
I wonder how many Stang owners over the years had to redo body work in those days the Ford cars no matter what type they all rust especially in Canada its a Ford lol yes I am up there in age but i did own a 69 Mach1 beautiful car and still it rusted out very cheap Metal or what even today I do not understanding why there is so many Stang lovers out there just do not get it
Done over correctly it would be a keeper but once again the price to buy it and restore it is not worth it.
This car has 1970 rear side marker lights on it. I wonder why? Perhaps it has a partial 1970 rear clip on it?
I once road in one of these. Owner’s name was Gear? I shoulda’ known better!
Looked over at me at about 80mph and rolled the throttle down and started fishtailling past 100!
I guess it was tough to grab the twenty spot that was taped to the dash also, huh?
I don’t see how this makes any sense. There are several nice Mach I’s priced below $60k on eBay. I don’t see how you can restore this car for less than $50k with all of the rust involved. The really scary rust is in the subframe rail photo of the front.
Brian: Not everyone is trying to flip or ‘make a profit’ on every car they do! I know you never thought about that?
Its a hobby not a business opportunity!
If you want a nice car why invest 60 or 70 grand in this and wait a year to drive a very low option car. You can spend $55k and be driving a nice Mach I tomorrow. Not only will you not make a profit you will be like me with $45k invested in a car worth $25k
Many of us here are experienced enough, and been burnt before so as not be be burnt on a project again. Some cars in poor condition needing expensive repairs, and being sold for too much need to be avoided. Not really a business opportunity issue. But avoiding expensive headaches and mistakes.
This is a hobbyist car. “S” codes were competitive at the track back in the day.
If anyone remembers most cars of the ’60s were 3 year/36,000 mile cars and manufacturers expected the public to get rid of them before or after they reached whatever came first. Therefore, unless these cars of that era were garaged kept, had limited exposure to the winter elements they all rusted. Some repair shops in those days used anything, in addition to bondo, to repair cars to make them look okay. We are currently working on a ’70 Mustang Fastback that had the rear transition piece destroyed by air shocks and a electrical 3 wire extension cord as part of the dash wiring. The restoration of this car is not for the flipper.
Brian you are ‘da man! Own it drive it and if its about the money then get a cheaper hobby! Its not about the $$#%&%$$!The money,the money, ohhh the money oops I’m dead! Shoulda spent the money???
It is not one of one, unless the current wheel and tire combination , rear gear ratio is a part of the original build. A similar Car, same engine, transmission, interior, with poverty caps was purchased new by my father in Northern California, and was registered in California, to the same person he sold it to, as late as 1983, where I lost track of it.