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Clean and Green: 1967 Shelby Mustang GT500

The additions that were made to transform the exterior of the humble Mustang into the Shelby GT500 created a car with a sense of menace and purpose. Today, these rate as one of the most highly sought American classics. Good examples can command stratospheric prices, while even rough cars will sell for a pretty penny. This car is a striking example that has spent its life in drier climes. This means that it is a rust-free survivor that is in search of a new home. It is located in Littleton, Colorado, and has been listed for sale here on eBay. Bidding has reached $106,115, but the reserve isn’t met.

This Shelby is such a striking looking car, and the color quite takes me. Dark Moss Green adds a touch of class to the exterior, and this has a beautiful shine to it. The GT500 underwent a repaint about 17-years-ago, and this has held up well since then. When I see a repaint with this sort of age to it, I feel a level of confidence. If a repaint has survived this well for this long, that indicates that the work was completed to a high standard. Mind you, it doesn’t look like there were a lot of problems to address before the Green was applied. The Shelby resided in California for most of its life and only arrived in Colorado in 2003. The owner states that it has never had any rust, and the photos seem to confirm this. The floors still wear the original red oxide paint applied at the factory, and I can’t spot so much as a sign of corrosion. The panels are perfectly straight, and the gaps are tight and consistent. The windshield has marks from the wipers, but the rest of the glass is spotless. The car currently rolls on a set of Magstar wheels, but the original Shelby 10-spoke items are included in the sale. Speaking of original items, all of the distinctive Shelby external additions such as the scoops, grille, and tail-lights are present and in good order.

The 1967 GT500 came with an engine that was designed to deliver startling performance. What rests under the hood is a 428ci V8 that comes equipped with a pair of Holley 600 cfm carburetors. The official power output was a claimed 355hp, but there is a good chance that the company was being a bit conservative with the truth. Hooked to the back of this brute is a 3-speed C6 automatic transmission. The GT500 comes equipped with power steering while stopping duties falls to enormous Kelsey-Hayes power front disc brakes. The automatic GT500 did lose time to the manual version, but it could still storm the ¼ mile in a neat 15 seconds. Now we get to the area of this classic that does cause some slight confusion. The owner believes that the 428 is original, but he isn’t persuasive on this point. What we do know is that one of the cylinder heads wears a 1968 casting number and that the pair of Holley carburetors are reproduction. The original ignition system and coil have been replaced with products from Petronix. The car has only covered 500 miles since the front end was rebuilt. The owner doesn’t indicate how well the GT500 runs or drives. However, if you check out the video at the bottom of this article, you will hear that the 428 sounds as sweet as a nut. The odometer shows 78,000 miles, but the owner doesn’t indicate whether he holds evidence to confirm that these miles are genuine.

The Shelby’s interior presents as nicely as the rest of the vehicle. It would seem to need nothing, but the seller believes that there might have been some restoration work completed in the past. He states that someone may have replaced the carpet and front seat covers at some point, but the rest of the trim is original. There isn’t anything much to be critical of, because the upholstery, carpet, and dash all appear perfect. One deviation from original is the radio. It has been converted to FM, which might annoy some purists. At least fixing this would be a straightforward proposition.

This 1967 Shelby Mustang GT500 is a tidy survivor that would seem to need nothing. It is disappointing that it is not 100% original, because that will have some impact on its potential value. Even though it has one odd cylinder head and reproduction carburetors, I would still expect the bidding to threaten the $150,000 region. It could potentially go higher, but that is an area that is a bit of an unknown in the current climate. This is an auction that could be worth watching. I’ll be interested to see what it sells for. Will you?


  1. Mitchell Gildea Member

    Can’t really tell but I’m guessing it’s a later 1967 build with the adjacent to the headlight driving lights. Either way this is mint

    Like 3
  2. ace10

    Good grief, enough with the “survivor” tag. It’s been repainted. And the interior redone. And the drivetrain may or may not be original.

    NOT a survivor.

    Like 21
  3. T

    The best front clip of any year.

    Like 10
  4. Grumpy

    I could watch that video all day long.

    Like 2
  5. 370zpp 370zpp Member

    Sharp. Love the license plate.

    Like 2
    • Scott Member

      He got tired of answering the question!

      Like 1
  6. jokacz

    They didn’t come with Koni’s in 67. But at least the quarter mile time is accurate, 15’s were all these things could do with a C-6. I owned one with a 4 speed in 1967, hated it. Was glad when in caught fire from those leaking from the factory Holleys. These are not great cars, all sizzle, no steak.

    Like 0
  7. RexFox

    Loved the Steven Covey reference in the title. That’s one of his best stories in the 7 Habits. Great looking Mustang too, but no automatics for me.

    Like 0
  8. mainlymuscle

    Nearly identical car in Gt 350 mode ,but a higher quality car, over at BaT.
    Very interesting comparison !

    Like 1
  9. Eric Baumer

    Love the window sticker.
    4 gallons gas – $1.20
    Transportation – $146.75 ($1150 in todays dollars).
    Beautiful car

    Like 0

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