S-Code 390/4-Speed: 1969 Ford Mustang Mach 1

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Update 7/1/19 – This big block Mustang project has popped up here on eBay with an $11,500 asking price and the option to make an offer.

From 6/9/19 – When it comes to Mustang project cars, there rarely seems to be a middle ground. They tend to either be basically complete but in need of some pretty substantial rust repairs, or they are like this one, solid, but missing a lot of important components. That doesn’t mean that this car is beyond help, but it will give the new owner the choice of restoring it to as close to as original as is possible working with what they have, or building the ’69 Mustang of their dreams. Located in Anaheim, California, you will find the Mustang listed for sale here on Craigslist. The owner is asking $12,000 for this Mustang.

Originally finished in Royal Maroon, someone at some point has chosen to give the Mach 1 a coat of black paint. I’m sure that this came under the heading of “that seemed like a good idea at the time,” but I wish that they hadn’t bothered making the effort. What this doesn’t hide is the fact that this appears to be an extremely solid car. The owner provides plenty of photos of all of the usual trouble spots, and apart from some surface corrosion, the car is as solid as a rock. It is also a case of “what you see is what you get.” If it isn’t in the photos, then it doesn’t come with the car. This means that the next owner is going to need to source items such as the hood, grille, and numerous other external trim pieces before the outside of the car could be considered anywhere near complete.

This theme continues inside the Mustang, with no seats, no carpet, and a lot of other trim items missing. The dash pad looks like it is quite reasonable, but the door trims have been cut to fit speakers, while the same is true for the trim on both sides in the rear of the car. All of these items are still available through various suppliers, but the list is going to be pretty long.

Looking under the hood is where the news is at its worst. The engine bay was originally home to a 390-4V engine, which pumped out 320hp. Coupled to this was a 4-speed close-ratio manual transmission, and a 3.25 Traction-Lok rear end. It isn’t clear whether the original rear end is still present, but the engine and transmission are long gone. Apart from the steering, suspension, and the booster for the brakes (front discs), there isn’t much there. Of course, this will leave the next owner with the decision as to whether to restore the car to as close to as original as possible, or slot in the engine and transmission of their choice.

This Mustang Mach 1 at least offers the next owner a solid base from which to commence a project. Mechanically, it is a blank canvas, so it will be interesting to see what path our readers would follow on this one.

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  1. Steve R

    That’s an awfully high asking price for a car that’s been stripped bare. This car will nickel and dime the next owner to death.

    Steve R

    Like 31
  2. JoeSelina

    Wow POS brings money .

    Look in them bone yards and dig up any carcus and list 10-12 thousand…
    Then someone one will buy and the next one will surface … then repeat

    Like 8
  3. Skorzeny

    That Coronet wagon looks like a steal compared to this carcass.

    Like 5
  4. TimM

    It WAS a 390 4 speed car!! Now it’s just another car needing to be resto-modded!! Would look sweet with a coyote motor and a 6 speed!!! Not for $12,000 though!!

    Like 12
  5. grant

    12k for a stripped bare shell. Really?

    Like 10
  6. Ken

    that’s high? Try an aftermarket Taiwan shell that doesn’t even have a title. 18k to 20k. Would rather fix the rust on the factory car.

    Like 6
  7. Ken

    Think that’s high? Try an aftermarket Taiwan shell that doesn’t even have a title. 18k to 20k. Would rather fix the rust on the factory car.

    Like 5
  8. Bill

    I could almost see 12 grand if the shell had recently been done. I put together a 70 charger that was almost complete but to make it nice, replaced some things., and before I knew it had put in another 20 large. I can only imagine what the next owner is going to spend buying absolutely everything. That said, I’d still like to do it.

    Like 1
  9. Nevadahalfrack NevadahalfrackMember

    Seller lists this as “a very solid dessert car”-yeah, most likely because the main course was the rest of the parts!!

    Like 6
  10. Paul

    Solid mustang are had to find….even in the desert after 50 years…buy this and then buy a complete rust bucket for cheap (there are lots of cheap rust buckets)

    Like 3
  11. Nevadahalfrack NevadahalfrackMember

    Dropped the BIN by $500? What a deal!! NOT. One of the readers suggested it retains some intrinsic value because he was a big block car to begin with but my retort is that the big block-and transmission!-aren’t there, plus who knows what pieces used initially for that drivetrain need to be replaced??!!?
    It’s a shell and a basket case; where does he find it’s value is anywhere near a price with 5 digits? LOW 4 digits, maybe.

    Like 3
    • Nevadahalfrack NevadahalfrackMember

      UPDATED UPDATE. Sold for $9000.

      Like 5
      • Al

        Like they say, there’s an A_S for every seat lol!

        Like 5
  12. Billieg

    Bought a 1969 428 cobra jet in 1970 for $5,200. A friend “borrowed it” and put it into a wall with no insurance. It still sits in his yard…

    Like 0
  13. Jimmy

    I swear this car was featured on Barn Finds before.

    Like 0
  14. JoeNYWF64

    Chevy sold 280,858 ’69 camaros.
    Ford sold 299,824 ’69 mustangs.
    So why are ’69 camaros seen much much more often today than ’69 stangs?
    Front subframe vs total unibody design durability?(more ’69 stangs wound up in the junkyard?).
    I always thought they sold a lot more ’69 camaros.

    Like 0
    • Roy L

      Funny, where I live we don’t see either one.

      Like 0
      • JoeNYWF64

        I meant at general car shows & cruise gatherings. Will see an older mustang, tho.

        Like 0

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