Bargain Buy? 1968 Shelby GT500 Convertible

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Have you ever looked at a classic car listing and been left scratching your head? I occasionally have, but this 1968 Shelby GT500 Convertible ramps the scratching to a new level. I can’t decide whether there is an error in the advertisement or whether this car represents one of the bargain buys of 2022. It is common for tidy examples to command six-figure sale prices, but the owner offers this one for a mere $60,000. If you want to pursue it further, the Shelby is located in Tea, South Dakota, and is listed for sale here on Craigslist. I have to say a big thank you to Barn Finder T.J. for referring this amazing find to us.

It’s hard to find any significant flaws with this Shelby. The seller reveals a previous owner repainted the vehicle in its original shade of Sunlit Gold with White stripes. The paint shines nicely, but there are a few flaws worth noting. There are some cracks on the hood beside the scoops, but we don’t get a clear look in the supplied photos to confirm how severe these are. They also mention a few chips and a hole in the deck lid near the Shelby badge, but these faults aren’t visible in the supplied photos. The rest of the panels look good, and the distinctive Shelby features like the rear deck spoiler and side scoops are intact. This Shelby features a White power top that operates as it should and is in excellent condition. Rounding out the package are the correct fog lights and a spotless set of ten-spoke Shelby aluminum wheels.

I don’t know about you, but I find it frustrating when an owner advertises a desirable classic like this GT500 and fails to supply decent photos. That is what we are working with here, and they tell us little about the interior condition. The seller states that it is trimmed in Saddle vinyl with faux woodgrain inserts on the dash, door trims, and console. What we can see of the upholstered surfaces shows promise, with no glaring flaws or wear. The dash is equally impressive, while the pad appears perfect. Also present is the original Shelby rollbar. The gauge cluster features the correct 140mph speedometer and 8,000 rpm tach, with a pair of Stewart Warner gauges in the console. The car is equipped with air conditioning which may be a later addition, and a Philco pushbutton AM radio.

Arrgh, no engine photos! If we could lift the hood, we would find the 428 “Police Interceptor” V8 producing 360hp. Those ponies find their way through a three-speed automatic transmission to a bulletproof Ford 9″ rear end. The GT500 is a classic that blurs the line between a genuine pony car and a muscle car, thanks to that firebreathing V8. If the owner pointed it at a ¼ mile, the journey would be a memory in 14.5 seconds. The car is numbers-matching and is in good mechanical health. The seller says that it runs and drives perfectly, is smooth, and has no known faults or issues. It is regularly and appropriately maintained, receiving new tires in 2019. An odometer reading of 55,373 miles is noted in the listing, but there is no mention of supporting evidence.

So, what do you think? Is the sale price for this 1968 GT500 Convertible correct, or is there an error? Interestingly, I located another GT500 Convertible that sold last month. The VIN is different from our feature car, but only by a single digit. Scouring through that listing reveals many of the same photos featured on Craigslist and plenty of shared text. The Bring-A-Trailer GT500 sold for $127,000, but I’m positive they are the same vehicle. It would be fascinating to pursue this classic further. Do we have any budding detectives out there?

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  1. shelbyGT500Member

    Oh boy,The car is in great condition. I am surprised to see they want to sell it for $66,000 . I don’t know? as the saying goes “ if it seems too good to be true, it usually is.” I contacted the seller for some engine pictures ? will see.

    Like 26
  2. Bluetec320 Bluetec320Member

    Sorry, Adam, but to a lot of your readers, $60000 isn’t “mere”. Just sayin!

    Like 18
    • Adam ClarkeAuthor

      Hi Bluetec320, thank you so much for your feedback. I understand where you’re coming from on the price, but I meant “mere” as a relative term. I would expect this Shelby to be on the market for a six-figure sum, so the price is extraordinarily low in that context. If it’s any consolation, I couldn’t afford it at the asking price either! Cheers.

      Like 32
  3. Bubba

    This is the car that just sold on Bring a trailer. Photo 19 on BAT is in the Craigslist ad. Beware this could be a scam

    Like 25
    • SirRaoulDuke

      It 100% is a scam, the car sold for $127k. I looked up the “dealer” in the CL ad, every single car on that page is a scam. And I’d bet everything I own if you call the number you will hear an accent that isn’t local to South Dakota.

      Like 29
    • Todd J. Todd J.Member

      Not the same car – the car on BaT has a black interior, a different shift knob, and 15K miles. And that’s just what I noticed on first pass. Doesn’t mean this one is not a scam, it’s just a different car. And the one on BaT sold for $78K.

      Like 8
      • Jack
      • Bick Banter

        Oh my goodness. Good catch. Some fool or fool or fools and their money are about to say goodbye to each other. Or they already have because the craigslist ad is down. Hopefully they’ve learned a lesson about being careful in the future.

        Like 1
    • Craig

      also for sale in Houston Craigslist with bat ad. I’d say scam

      Like 3
  4. NotchNut

    It’s a scam. It was on Bring A Trailer a few weeks ago. But you can do what I did and give them your credit card number. 😂😂

    Like 15
  5. NHDave

    A search online, using the business name and phone number in the ad, brings up a listing for a high-end used vehicle store in Tea, South Dakota. (It also brought up Craigslist vehicle ads posted for locations all around the country, just as the link to this Mustang listing leads to a Craigslist ad for Jacksonville.) The site is slick with lots of great cars listed (including this Mustang) and nice photos. Something, however, still seems hinky.

    Like 5
    • SirRaoulDuke

      It’s 100% a scam. Every single car on the “dealer” website is a scam, which is easily verified by doing a Google image search on the listed cars. All are cars sold elsewhere for lots more money, same photos of the original legit sale.

      Like 1
  6. MoragaPulsar

    Looks like others have spotted the scam as well (fake business, nice website, stolen pictures – ask for deposit or better, full prices).

    Too good to be true, yes, but then it is hard to cheat an honest person too.

    Like 7
  7. fran

    A Shelby that nice (ugly color) but still nice at that price = Scam
    Very easy to spot, just like all the pretty girl pictures on personal ads. If they look great, they are a scam.

    Like 3
  8. Rjonec

    It is an absolute scam the previous Craiglist ad was for $72K and now it is at $60K. Sorry that clean of a GT500 Convertible being sold for $60K is an absolute joke. I called when the ad hit last week and it is an absolute scam. Total BS. Found the original BAT auction the car sold for $127K last month. This needs to be marked as a scam and marked as such.

    Like 4
  9. angliagt angliagtMember

    Another reason not to cover up your license plate.

    Like 4
  10. 1970shelby500

    Yup a scam for sure, but a super rare and stunning color for a Shelby, tired of all the red ones out there.

    Like 0

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