Hiding in this shed is a 1969 Mustang Mach 1 with potential. It requires a total restoration, but the original owner’s decision to order it with the beautiful 428 Cobra Jet V8 makes the effort worthwhile. There is rust for the winning bidder to tackle, but the seller provides a head start on that part of the build. The Mach 1 is listed here on eBay in Saint-Philippe, Quebec, Canada. It has attracted a single bid of $25,000, which is below the reserve.

There’s a bit to consider with this Mach 1, not the least being what is required to return it to its former glory. The Marti Report confirms its original owner ordered it in attractive Silver Jade with the traditional blackout hood treatment and tinted glass. Before the winning bidder picks up their spray gun, they have the usual rust issues requiring attention. The seller has already replaced the front rails and torque boxes and has cut out the floors. That only leaves the rear outer quarter panels, inner wheel wells, rear rails, radiator support, and valances. Phew, that’s quite a list! However, they already have the required replacement steel to cover those tasks and new door shells. That gives the buyer a starting point from which to work and is one area where they won’t need to spend money on parts. Some trim pieces require replacement, but the glass might be okay once cleaned.

The original owner’s mechanical choices for this Mach 1 mean it would have been a potent piece of equipment when it rolled off the showroom floor. They ordered it with the mighty 428-CJ V8, a C6 automatic transmission, a 3.50 Traction-Lok rear end, power steering, and power front disc brakes. It would have used 335hp to scorch through the ¼-mile in 14.5 seconds in its prime, running out of breath with the needle hovering at 129mph. The photos suggest the car is mechanically complete, but the engine is freshly rebuilt using a Service Block. That may impact its future value, but probably not as much as if they had ditched the entire Cobra Jet concept and opted for a completely different powerplant. Opinions vary on the subject, but it still should represent an appreciating asset in the future.

The seller indicated this Mustang’s interior is complete, but the accumulated dust and lack of clear photos make assessing the condition of the Black upholstered surfaces challenging. However, I believe they might present well with a thorough cleaning. The gauge cluster is tidy but would benefit from new lenses. The original owner focused on speed over luxury, with the car featuring no optional extras beyond an AM radio.

Determining whether any classic will remain desirable in future decades is challenging, but the First Generation Mustang has enormous potential. This 1969 Mach 1 needs a lot of work to recapture its former glory, but consistent value increases could make it worth the effort as a long-term investment. Once complete, it should provide its owner with an enjoyable motoring experience behind the wheel of a car commanding respect. Hmm, fun and a sound investment. I can’t think of a downside to that equation. Can you?