428 Cobra Jet: 1969 Ford Mustang Mach 1

It might not be perfect, but this 1969 Mustang Mach 1 is certainly something special. Looking the car over from top to bottom reveals that this is a car that ticks all of the right boxes. It is a rust-free original survivor, and it sports a numbers-matching 428ci Cobra Jet engine under the hood. If you would like to become the proud owner of one very potent and desirable Mustang, you will find the Black Plate survivor located in Eugene, Oregon, and listed for sale here on eBay. The owner has set a BIN of $69,900 for the Mach 1, but if you are interested, then you could always try your luck by making an offer.

This Mustang really does tick a lot of the right boxes, and the first of these is that it is a rust-free survivor. This is no trailer queen. The original Wimbledon White paint is not perfect, and a close examination reveals a number of very minor dings and marks. None of these are particularly nasty, and while it would be nice to have the car looking pristine, these marks are all indicators that this is a car that has been driven and enjoyed over the past 50-years. There are no signs of any visible rust, and the owner makes no mention of any issues. The Mach 1 has spent the majority of its life in California, and since the mid-1990s, it has been kept in a climate-controlled environment. In fact, since 1995 the car has only accumulated around 310 miles.

The next box that this classic Ford ticks is the fact that it is a full, numbers-matching car. That fact is vitally important when we go to tick the next box. This is the one beside the type of engine, which is an R-Code 428ci Cobra Jet. Backing that giant of an engine is the original C6 automatic transmission, while the Mach 1 also features its original 3.25 Traction-Lok rear end, power steering, and power disc brakes. That is one impressive combination, and with 335hp on tap, the Mach 1 is a pretty reasonable performer. How does a 0-60mph time of 6.1 seconds, and a ¼ mile time of 14.5 seconds sound? Speaking of sound, the owner also supplies this YouTube video of the Mustang with the engine running, and it really does sound crisp and strong. The owner says that the car runs and drives well, and its authenticity is verified by the inclusion of the original factory Build Sheet, and by a Marti Report.

The interior of the Mustang is tidy, but it isn’t perfect. There is some damage to the driver’s seat and a few spots of wear and tear in some areas. But it is an original interior in a car that has accumulated 105,000 miles, so I really wasn’t expecting perfection. Apart from the inclusion of the aftermarket tachometer attached to the steering column, the rest of the interior appears to be unmolested and original. How the next owner would proceed with the interior would be their own choice, but personally, the only thing that I might be tempted to do would be to replace the cover on the driver’s seat. However, I’m not 100% convinced about that, and might even choose to leave it as is.

This 1969 Mustang Mach 1 is a very desirable car, and those sorts of cars will always come at a cost. The BIN price for this car might not be cheap, but when you put the overall condition and characteristics of this vehicle into perspective, then it also doesn’t appear to be that bad, either. There is one really interesting aspect to consider when looking at a Mach 1 equipped and optioned as this one is. Values for pristine or Concours examples have remained virtually static for the past 3-years. In that time, anything that is less than pristine, such as our survivor car, have experienced a modest increase in values, which is actually pretty unusual. The price of this car really does seem to be in the ballpark, but I would be interested to know what our readers would do if they bought it. Would you restore it, or leave it as it is?


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  1. Nevadahalfrack Nevadahalfrack Member

    IMHO this beautiful survivor only needs to make it 100% is pop out the dings, re-cover the drivers seat back and me driving it!! Well, maybe a stretch for the latter but it’s something I’d own in a heartbeat (though I favor Mopar) except for the $70,000 entry fee…

    Like 8
  2. Angrymike

    300 miles since 1995, oh I’d have put a whole lot of miles on this as I restored the pieces it needs. This is almost checks every box I have. I wish I could own it !

    Like 4
  3. JOHN Member

    An original, original, original 69 428 Mach 1? What’s not to like? Maybe fix the dings, but that’s it. This is just too cool.

    Like 5
  4. Troy s

    Well, for one thing, if I bought it the first thing I’d do is put her in L roll it out to about 15 or so then nail the throttle for all she’s worth! Great, maybe the strongest of all Mustangs until more recent years.

    Like 3
  5. TimM

    The real deal shaker hood and all!! A car that most of us dream about!! I would love to own one of these but if I’m going to shell out just under $70K I want a manual transmission!!!

    Like 8
  6. ace10

    A nicely-restored ’69 428 CJ Mach 1 sold for $55K all-in at Mecum Harrisburg last month (Lot S258). 4 speed, original engine. I was shocked at the low hammer price. If it wasn’t rolling across only a few lots after the car I went up to buy, I would have made a run at it. These aren’t pulling the money they used to.

    Like 7
  7. PRA4SNW PRA4SNW Member

    Someone at BF has been keeping their eyes out for ’69 Mustangs lately.
    That’s a good thing, IMO.

    Like 8
  8. Jimmy

    Now this is a car I would drag home if he gave it to me !!!

    Like 2
  9. w9bag

    My VERY favorite Mustang ! And I thought that it was interesting to see that original Philco AM/FM stereo radio still is in working condition.

    Like 2

      The AM/FM radio in this car is not original to it. It is from a 1970s Ford product and the knobs are also incorrect for a 1969. The Marti report also states that the car left the factory with an AM radio.

  10. Billieg

    I sold my 69 428 Mach 1 in 1978 for $4,000…. If I only knew….

    Like 4
    • PRA4SNW PRA4SNW Member

      That same year, I could have bought a ’70 Mach 1 351 for $1,200. I still think about that…….

      Like 3
  11. jimmy the orphan

    70k for a automatic ? PASS…………………….JIMMY

    Like 1
  12. Bryan

    I think it’s worth noting that this 428CJ retains its original Thermactor emissions system. Uncommon, since most were removed for obvious reasons.

    Where’s the original distributor? It appears to have a later Duraspark ignition.

    Like 1
  13. Roseland Pete

    The 69 Sportsroof style is my favorite Mustang of all time. It wouldn’t even have to be a Mach.

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