Holy Grail Project: 1967 Shelby Mustang G.T. 500

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In 1965, Ford partnered with Carroll Shelby to build high-performance versions of the newly popular Mustang pony car. The 1965-66 versions came with tweaked 289 cubic inch V8s, but the revised 1967 models also added the G.T. 500, which came with a 428 Cobra Jet Interceptor motor. This version of the G.T. 500 looks to have been in hibernation for ages, and a full restoration is needed (and probably deserved). Located in Healdsburg, California, this desirable muscle car is available here on craigslist for $38,000. Mikey P. is the source of this great tip!

Shelby’s involvement in the Shelby Mustang declined beginning in 1967 as Ford took more control over the project. By 1968 (and through 1970), the initiative was 100% Ford driven. In addition to the G.T. 350 (289 engine), the G.T. 500 was introduced for 1967 using a 7.0-liter monster of a motor. It used a mid-rise aluminum intake manifold with twin 4-barrel carburetors. The horsepower rating was 355, which was likely conservative, and 2,048 copies of the G.T. 500 were built in 1967.

Besides the mechanical upgrades, the G.T. 500 used a lot of fiberglass pieces, presumably to reduce weight. That included the front clip, deck lid, and side scoops. This car is said to have 71,000 miles and was running when it was parked (in a barn?) many years ago. We’re told the body and chassis are solid with a few minor exceptions.

The 428 and 4-speed transmission are numbers-matching and not been started in more than two decades. The seller says a few minor things have been replaced, but does not mention what they are. Documentation comes with the car, but we don’t know what it might tell you. This is said to be a 2-owner vehicle, and that delivery is available (perhaps it still resides on the trailer in some of the photos). Do you consider the G.T. 500 a Holy Grail automobile?

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Comments

  1. Barzini BarziniMember

    This car looks nearly identical to a Shelby featured in a six-year old YouTube video.

    https://www.youtube.com/watch?v=-PebxokXOzs&t=472s

    Some of the photos are screen shots from the video.

    Like 5
    • PatMMember

      good eye. The trailer and truck are the same in both.

      Like 3
    • Steve R

      Good catch. It feels like a scam with the price and description. You wonder how many people will wire the seller a deposit?

      Watching the length of time the ad has been posted is a tell, there is a ton of money in that area, if legitimate it will sell instantly, at that price it should have sold via word of mouth.

      Steve R

      Like 3
    • 2010CayenneGTS

      I think your suspicion is correct. And unfortunately, this “seller” will probably collect some deposits. This is probably half what it would really sell for so there will be a lot of interest.

      Like 0
  2. bobhess bobhessMember

    Peter Brock did the design for Shelby and it holds up well even today. We first saw the cars at an IMSA race in Sonoma, California. Impressing to say the least. This one will make a good impression also after a restoration.

    Like 1
  3. 2010CayenneGTS

    The price is too low for this. I think there is a good chance it is a scam ad.

    Like 3
  4. John Edward Vizzusi

    Nothing you buy on Craiglist is ever any good!
    RUN AWAY FAST
    #smashpalace

    Like 0
  5. ShelbyGTguy

    Says if you’re interested to give him a call, but he lists no phone number or other contact info. I’m not sure that this is the same car that was found in Iowa, but given the price and lack of contact info, it’s a scam.

    Like 0
  6. greg

    The 67 GT500 had the T-Bird 428 engine with some intake mods. The 1968 and 1/2 GT500KR had the 428CJ engine

    Like 0

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