If you ever harbored doubts about the desirability of First Generation Mustang project candidates, this 1966 Convertible probably removes those doubts. It is complete and unmolested but has extensive rust issues requiring attention. However, that hasn’t prevented it from attracting thirty-three bids since the seller listed the drop-top here on eBay in West Hollywood, California. Its potential might attract some, while others may find the No Reserve factor irresistible. Whatever the story, the action has pushed the price to $6,800, with time remaining on the auction for interested parties to stake their claim.

The 1966 model year was a landmark for the First Generation Mustang, with 607,568 buyers taking one home. Ford was in a fortunate position where it couldn’t produce cars fast enough to meet demand, and while the Hardtop was comfortably the most popular choice, an impressive 72,119 people joined the drop-top brigade. This Convertible is a sad and sorry sight, with its faded and worn Ivy Green paint the least of its problems. It might be located in a favorable climate, but rust has sunk its teeth into this classic. It is extensive, and entirely dismantling the vehicle would be the only way to guarantee its elimination. It has attacked the usual trouble spots, like the lower extremities, floors, and trunk pan. However, it looks like the shock towers and rails might be okay. The original owner ordered the car with a White power top, and while it seems tired, it works as it should. The trim includes a mixture of restorable parts and those requiring replacement, but the glass looks okay.

The original owner wasn’t afraid to splash their cash on this classic, with the power top the tip of the iceberg. The interior features the desirable Green and White Pony trim package, a console, a factory AM radio, a wood-rimmed wheel, and a remote driver’s mirror. I am surprised they didn’t select air conditioning, especially considering the car’s location. However, dropping the top is a better option for those preferring fresh air. The first step in the interior revival will be for the buyer to undertake a deep clean. The driver’s seatcover is badly ripped, but the remaining upholstered surfaces look surprisingly good. It might present acceptably after a few hours of hard graft, but the minor door trim damage may prompt an enthusiast seeking perfection to perform a retrim. There are no aftermarket additions, which is a bonus for those preferring originality.

The good news for many considering a faithful restoration is that this Mustang is numbers-matching. The seller selected the C-Code 289ci V8, teaming it with a four-speed manual transmission. They skipped power assistance for the steering and brakes, although that shouldn’t significantly increase the driver’s workload under most circumstances. The C-Code produced 200hp and 282 ft/lbs of torque in its prime, making the Convertible a sparkling performer. This Mustang might be original, but it isn’t a turnkey classic. The seller indicates the ignition is faulty but that the engine runs and the clutch works as it should. They claim it has a genuine 67,000 miles on the clock, and evidence may exist in the documentation that includes the original Owner’s Manual, Dealer Invoice, and other paperwork.

The bidding action on this 1966 Mustang Convertible is unsurprising because these cars remain exceptionally popular. They aren’t rare but typically attract strong interest when they hit the market. There’s no way of sugar-coating it because returning this Convertible to its former glory will be a significant undertaking. It seems plenty of people are willing to give it a red-hot go, but are you up for that challenge?