Dad’s Old Shelby! Possible Real Barn Find GT 500!

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Important data point; the VIN recorded in this listing makes no sense as a Ford product. However, plug it into the Shelby Decoder at mustangattitude.com and you get a 1967 Shelby Mustang fastback with 428 cid V8, four-speed manual transmission, painted “Dark Moss Green” with a black interior. In other words, Holy Moses; this might be a real Shelby! Located in Sacramento, California, this 1967 Shelby GT 500 Mustang seeks a new owner here on eBay where an opening bid of $62,000 will get the auction started.

Converting a standard Mustang into a Shelby GT 500 can be done with minimal difficulty, and the result would look like what you see here:  different tail lights, fiberglass ducts, and a gas cap with a snake on it. Making them look like they were installed 51 years ago, though, requires additional effort. The Oregon plates show registration of June, 1970-something.

The seller says this was his father’s high school car and Dad was the second owner. If I’d owned this car in high school, I doubt I would have graduated; I certainly wouldn’t have gone to class very often, unless you count Drifting 101. Shelby’s sales literature said, “You’ll look twice at the price — just $3995 for the GT 350 and $200 more for the GT 500.” Yowza! The hood (with its unique hood pins) might bring that much today.

According to the seller, the car has “minimal rust,” and the engine’s cylinder heads and intake manifold  (missing in this picture) accompany the sale. Likewise, the door panels and metal door plate are removed but included. Comments from Shelby experts welcome below. It’s certainly wearing a Shelby-sized price-tag, and any buyer who doesn’t fancy themselves a risk-taker will perform exhaustive verification before clicking “Place Bid.” Will that person be you?

Auctions Ending Soon

Comments

  1. Matt steele

    It must be real look at that last picture it’s as if God it himself is shining down on it

    Like 29
    • Roger

      While I don’t wish to question your belief in God,Matt, anyone can have “God” look down on their ride by opening your garage door and shooting from inside the garage out. That assumes the sun is out and shining.

      Like 3
      • UK Paul 🇬🇧

        I am fairly sure Matt doesn’t mean it literally..

        Like 20
      • Daniel Marty

        Here in NE Ohio, getting the sun to shine when you open the garage door is pretty much an act of God, so Matt might be on to something. I got “20%” wet this morning on my ride in to work. But this car’s in Cali, so… maybe not so much.

        Like 2
      • LodeStar

        Here’s “God” (or a sunny day to some of us) smiling on my ride.

        Like 2
  2. Blk63vette

    1967 Shelby Mustang GT 500 Black interior and Dark Moss Green paint. Doesn’t get any better than that!

    I’m not a Mustang guy and I want it
    Money in the bank

    Like 17
  3. UK Paul 🇬🇧

    Wow, I am lost for words.

    Like 5
  4. Jimmy

    Some people are lucky their dads were in to musclecars, mine was in to luxury big cars so I never got the chance to bond with him over a fender in our garage. 62K is a lot for this car when it’s going to take that much or more to get it in car show condition, then you would be afraid to drive it. I would make a driver out of it because I’m cheap and want to drive my cars.

    Like 27
    • DolphinMember

      I’m not expert on the cost of Shelby restos, but the $62K asking could work. The SCM Guide says these have been selling in very good/excellent condition at auction for a median price of about $160K. That would leave you with almost $100K wiggle room. I think any good restorer who knows what he’s doing should be able to bring this car back for that money.

      As to how many they made, that number was 2,048…and I’ll bet that 2,048 *genuine* examples didn’t survive.

      Altho this car’s oil pan is real terrifying to look at, I think this could be worth the asking if not too many other parts are as bad.

      Like 8
      • TriPowerVette

        @Dolphin – This may just have been a senior moment on my part. You may well be correct that the price is not unreasonable, in light of current values. It just creeps me out looking at all that rust underneath, the condition of the engine compartment… and the rust on the shifter, for gosh sake. I don’t get many happys from the included pix.

        My brother and I attended the Scottsdale Barret-Jackson’s, about 15 years ago. At that time, he and I remarked at how ridiculous most of the prices were. As we were talking about that, a 1967 GT500 started it’s engine, and made its way to the stage. It was nowhere near stock. The cam was significant. It had headers and the wrong wheels.

        This was at a time, when you could get a nice ’67 500 for about $70-$90K. $150,000 would have been a very special car, indeed… like one owned by Ol’ Shel hisself, or something.

        The final gavel fell on a bid of something like $264,000. We were both electrified. Incredulous. My brother put it best, when he said “That car wouldn’t be worth that amount of money, if it had Carroll Shelby’s original heart in a jar in the glove compartment”.

        You may well be correct.

        Like 12
  5. JohnD

    Neat! But pretty rusty for a CA car . . . Guess it was in Oregon more. . . Seller with 0 feedback . . . ehhhh . . . .

    Like 8
  6. crazyhawk

    Boy, there can’t be too many more of these buried away unrestored, can there? They didn’t make THAT many.

    Like 9
  7. Jim22

    I believe that the inboard fog lights also suggest it is an early 67.
    Man, I really wish these cars were around 30K in this condition. It would make them so much easier to try to obtain. I’ll stick with the fully restored 70 Mach1 I have.

    Like 17
  8. Beaver Prince

    OK I must be dumb ,BUT what is the radio looking thing in the center of the dash? Where the center AC vent would be IF it was a AC car?!!!

    Like 0
    • Jimmy

      Maybe a Kraco cassette player.

      Like 5
    • GearHead Engineering

      Looks like an 8-track player to me, at least on my tiny phone screen.

      – John

      Like 7
    • Jim22

      Looks to be an 8 track. Also looks to be a non a/c car since ebay picture of interior doesn’t show the vent at the corner of the dash by the door.

      Like 4
    • Keith

      8 track player and it is currently on track two, you can see the light on. So when you inserted a 8 track it would start on that track until you manually changed it back to one.

      Like 7
  9. wuzjeepnowsaab

    “Detective Bullitt, your replacement car is here”

    Like 10
  10. TriPowerVette

    A Tale of Two Shelbys (GT500 & Eleanor): These were the best of times. These were the worst of times.

    I… I don’t know what to write. The owner states that this would make an excellent starting point for an “Eleanor” replica? I may be violently ill.

    Todd Fitch, normally the voice of reason, states that he would have spent all his time ‘drifting’ this? A dual-quad 428 ’67 Mustang? High polar moment of inertia and center of mass height, anyone? If you wanted to use it for burning up tires spinning in a circle, yes. But drifting? Gad! You’d soon learn the meaning of under-steer.

    The would-be seller of this once-magnificent warrior could start a club of callow people who have no idea what they ware dealing with. Please someone, buy it from him *for far less than he is asking), and return it to its rightful place at the top of the classic muscle car heap.

    Eleanor Rigby
    Picks up the rice in the church
    Where a wedding has been
    Lives in a dream…

    Like 21
    • Todd FitchAuthor

      Hello TriPowerVette. My High School comments were tongue-in-cheek, pure fantasy, but in terms of the laws of physics, even a double-decker bus, will slide before they topple (to a point). You don’t think the Shelby has enough power to counteract understeer? Here’s a dually that’s probably more of a handful than the GT 500 https://www.youtube.com/watch?v=xILJfYG03fs

      Like 4
      • TriPowerVette

        @Todd Fitch – What is the world coming to? A Diesel dually – drifting? That is just sick (and not in a good way). However; in my estimation, the only thing keeping that thing upright was the rear axle. Changing the polar moment is crucial (thus road racers’ lowering the suspension and use of fender flares and wider tires).

        I could be wrong. What do I know.

        If your statement were truly tongue-in-cheek, then your statement was the written equivalent of an Ed Roth cartoon… maybe too hip for the room… and I’m old, so can’t be expected to ‘get’ all that whipper-snapper humor.

        P.S.: For all the whipper snappers out there, here is a picture of an original Ed Roth decal I own.

        Like 15
      • Todd FitchAuthor

        Hey TriPowerVette. I love the Ed Roth stuff. Thanks for sharing that! It’s like what I would have doodled in school if I had any talent. Instead I drew imaginary cars with zero ground clearance and machine-guns sticking out of the grille. Thanks, as always, for your comments and sanity-checking!

        Like 6
    • Richard Klinger

      You are right! I drove the bullet car, and came out unscathed from my impromtu spins! I guess sand bags in the trunk would be gauche…

      Like 2
      • TriPowerVette

        @Richard Klinger – You, sir, are a man of experience, skill and wisdom.

        Having owned both a 1967 GT500 4-speed, and a 1968 Mustang Fastback 302 4-speed (the latter with which I won my class at Beeline Dragway – and, yes, I have even spun that small block car), I can tell you (something you already experienced) that without extensive preparation, these things will swap ends with almost no provocation.

        And, you are again correct, sand bags would solve some problems, and cause still others. I don’t believe a trunk full of little people has been tried yet, though.

        A point I forgot to mention in the original post was ‘brake fade’. The avid drifter would soon experience that particular handling and ride quality, up close and personal.

        A big thumbs up to you.

        Like 3
  11. Steve R

    The ad reads like the seller doesn’t know much about cars/Mustangs/Shelby’s, but he was smart enough to put in a high starting price. I gagged when the seller suggested that it would make a great Elenor.

    Cool car. I hope it checks out as real and someone can make a deal.

    Steve R

    Like 7
  12. guylewis

    what a shame for people to inherit things that they have no knowledge or passion for

    Like 8
    • Charles Flowers

      Right, note to self(s)………..

      Like 1
  13. NotchNut

    Has the rollbar inside. Ad makes it sound like the heads and intake are missing. He doesn’t say specifically that they are included. He does say door panels are off but he has them. Need a Marti report before purchase.

    Like 6
    • al8apex

      Why would you need a Marti report? Those are only for insecure people that don’t know anything about cars …

      Like 1
  14. Retired Stig

    An Eleanor???Are you barking mad? Heretic! Blasphemy! Burn this unbeliever at the stake! An Eleanor is a ugly, Hollywood—“thing”. No Mustang is worthy of such defilement! OK, I feel better now.
    Really though, it should pretty short work to determine if this real, and if it is, what a great car!

    Like 9
  15. Jamie

    Looks like the oil pan has taken a few hard knocks, and there appears to be some repairs done to it with a braising torch. Nice car to restore, but I’m afraid to see where the price goes on this one!!!

    Like 2
  16. Little_Cars Little Cars

    Daddy totally ruined the dash for future restorers, but what did he know? Nobody paying $60k ++ is going to keep that in there so dash would be replaced but at what cost?

    Like 0
  17. Larry

    To do it right it would be 100k minimum and more like 150k! Unless you want repop parts on it. But first you have to find a “shop” that will actually get it done and not sit on it for 10 years like my Boss 302 did! EZ fix? NOT! I just bet the parts are missing. There are a few things that that are scaring me that some sucker will figure out when he gets it. Realistically I say it’s a 50k car in this state, people seem to forget how hard it is to actually restore a car these days.

    Like 5
    • Cam J

      Spot on Larry, 40-50k car any day

      Like 0
  18. sluggo

    Well, poorly marketed and sketchy at best, But COULD be the real deal! We can dream right?? Im not a ‘stang guy but they had one of the worst suspension designs. Early Chevy Novas copied them or the Mustangs copied the Novas probably.
    The Nova was intended to be a modular economy car, Ford built similar but the suspension was terrible.
    That being said, this is a cool car.

    Like 1
  19. Greg W

    The oil pan appears to have been cut and an insert installed to make it a deeper sump to hold more oil. Common modification back in the day.

    Like 3
  20. Troy s

    Must have been one bad ride at some point. It will most definitely be restored as these have been a mustang collector’s wet dream for decades.

    Like 1
  21. stillrunners

    Not a know it all but I thought the 1967 Shellbys 500 were 427 cars….and the 1968’s got the 428…yes I know about the P code T-birds……just was thinkin and drinkin……

    Like 4
    • Rob S

      No, all 67 GT 500 were 428 dual 4 barrel interceptor engines. 68 1/2 500 KR got the Cobra jet engines. 67 is the year to have as it was the last “hand built” by shelby American before it moved to a ford contractor in Michigan. And the only big block Shelby to be built at L.A. before ford’s intervention in 68. They are simply the best looking Shelby big block car built by Shelby!

      Like 3
    • poseurMember

      i think the original prototype GT500’s had the 427 race motor & maybe a few of the early production units too but the 428 was in almost all of them.

      Like 1
      • Rob S.

        There is really only one documented 427 GT 500. The super snake, with aluminum heads and single 4 bbl carb. Reached speeds up to 170 mph with ‘ol shel’ behind the wheel. Very coveted car today!

        Like 1
  22. Douglas R Hayton

    My cousin had a ’67 with a 428 dual quad,automatic trans.Was perfect,except cracked tail light lens,new assembly in back seat.Wanted to sell it to me for 1,500,in 1973! I regret not buying it to this day,I was 18 at the time,and figured I would loose my license,or kill myself.

    Like 3
  23. TriPowerVette

    I wasn’t going to chime in (really,,, I wasn’t… at least, again); however, there is so much misinformation being exchanged that I believe a few items must be dealt with:

    There was 1 427 1967 GT500 built… (Until I did this research, I had always thought it were two. I had always thought there was a backup car. Apparently, not.

    Here’s a link, for (most) everyone’s edification (some of you already know this):

    https://www.mecum.com/lots/SC0513-154080/1967-shelby-gt500-super-snake/

    As for @Greg W’s – comment, my brother was the mad scientist of the “road race” oil pan, back then. I swear he spent like 2 weeks, planning, buying, cutting metal and welding, to the point where his/my Frankenstein ’73 Pontiac Trans-Am had an oil pan that made the one on this Shelby look stock. This by way of saying that @Greg W – is very probably correct.

    My brother would be a better authority on the exotic engine he built for it; but, the engine started life as a ’63 421 Super Duty. The problem with constructing powerful corner carvers is that oil slosh becomes an issue. His pan had at least 2, maybe 3 internal baffles, a swinging pickup on the volume enhanced oil pump, oil cooler, and hugely increased oil pan volume. It was a work of art.

    I really miss that car.

    Like 3
    • Rob S.

      Mr. Vette, you are right! Only one documented 427 GT 500 was built by Carroll Shelby. He used it as a tire test car. Reached speeds up to 170 mph!!

      Like 2
  24. Rob S.

    The only legit 427 67Gt500 is the super snake. All others got the 428 PI twin holly carbs. Period.

    Like 1
  25. Larry

    Buyer beware. Just heard it might be a 390 in it.

    Like 1
  26. Del

    No one seems to know if this is a real Shelby or not.

    Very strange….

    Like 0
    • Larry

      What’s strange is that people. Don’t know that it is a Shelby! Come on! What people should be asking is it the original engine in it. I personally don’t think so.

      Like 1
  27. Del

    No one seems to know if this is a real Sheĺby or not ?

    Strange……..

    Like 0
  28. UK Paul 🇬🇧

    Don’t you have the vin numbers on your titles in the US?

    Like 0
  29. matthew B steele

    I’m back to comment.my 1st comment was a bit of sarcasm..sorry you didn’t catch that roger..UK Paul..you sir are obviously quite brite..I’m not as knowledgeable as most of you folks..I do appreciate really cool cars..so 1 question..a lot of materials I read say 67 gt500’s had a 428cj..some say 427..I ll tell you one opinion.(mine)>the most beautiful mustang I’ve ever seen at a car show was a 66 gt350..that car was sexy..and yes I think god has a Corvette or 20

    Like 0
  30. erik johnston

    that whole baffle confused the hell out of me.I do have a real 66 Pontiac 2+2 convertible for sale soon. Orig. 421 gone. but have papers. w/ Shelby contact

    Like 0

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