We have seen some tidy driver-grade Pony Cars recently at Barn Finds, but this 1970 Mustang Convertible stands out from the crowd. The seller has listed it for sale with No Reserve but states they will entertain reasonable offers to end their auction early. It isn’t perfect, but the supplied photos may not tell the complete story of this classic. The seller has listed the Convertible here on eBay in West Babylon, New York. It has only attracted a pair of bids, sitting at $10,200 at the time of writing. Interested enthusiasts could join the party or chance their arm by making a respectable offer.
The close-up photos reveal a few scars and marks in this Mustang’s Gulfstream Aqua paint, but none of the imperfections demand immediate attention. The initial impression is that the winning bidder could enjoy the Mustang as it stands, reserving any cosmetic work as a rewarding winter project. The White stripes and rear spoiler are later additions, and I would probably lose both as part of a cosmetic refresh. Taste is subjective, but I don’t believe that they enhance this car’s visual appeal. The panels are straight, bringing us to the inevitable subject of rust. The Mustang’s exterior looks remarkably clean, with no evidence of anything beyond the occasional possible bubble. However, the seller provides this YouTube video, and it is worth viewing. It reveals what appears to be significant rust in the driver’s side front rail and a few areas of penetrating rust in the floors. I advocate for in-person inspections, and those potential issues would motivate me to follow that path. The seller states the power top needs new canvas, and sourcing a replacement could be a priority with colder weather on the horizon. The chrome and glass look acceptable for a survivor-grade classic, and although the Magnum 500 wheels probably aren’t original, they perfectly suit this Mustang’s personality.
I would describe this Mustang’s interior as serviceable, with no pressing needs. It is worth noting that Convertible interiors often come in for closer scrutiny than those of many other classics. Unless the top is raised, there are few ways to hide substandard trim and upholstery. This car’s seatcovers exhibit wear and stretching, and I would be unsurprised if the new owner replaced them. They represent one of the few significant shortcomings, and spending the cash would make a substantial difference. The wheel is cracked, so it may also be a candidate for replacement. The factory radio is intact, but the aftermarket speakers suggest there could be an updated stereo hiding somewhere inside this Convertible. The dash, pad, and carpet are in good order, and although the original owner ordered this Ford with air conditioning, the system is incomplete.
Lifting this Mustang’s hood reveals a 302ci V8 that produced 220hp and 300 ft/lbs of torque. The remaining drivetrain components include a three-speed C4 automatic transmission and power steering. The 1969 update for the First Generation Mustang lifted size and weight noticeably, and this car should tip the scales at 3,174 lbs. That makes the 16.6-second ¼-mile ET look unremarkable, but the specifications suggest the original owner focused on comfort when ordering this classic. It is unclear whether the car is numbers-matching, although the engine wears a few cosmetic enhancements. The seller indicates that it runs and drives well, potentially making it a turnkey proposition for its new owner.
First Generation Mustang sales were tapering by 1970, with that model year marking the first time volumes had dropped below 200,000 since 1964. The Convertible variant sold in relatively low numbers, with only 7,673 buyers handing over their cash for a drop-top experience. This one shows initial promise, but the potential issues revealed in the video are a concern. That may be why it has only attracted two bids. Do you agree?
Yes very cool, but a white wing and spoiler.
I would “pony’ up dollars. Unfortunately I can’t afford a 🐴
My uncle had the hardtop fastback of this same car underneath. It was a boat and gas hog. He kept it because his petite wife – my aunt – was a Steve McQueen fan, and any mustang then was associated with Steve McQueen to her apparently. He had a few cars, normally driving a baha bug custom coupe with a 911 Porsche swap and racing road wheels with moon caps. Really slick car he built himself. He could made color televisions as a hobby with imported tubes and everything necessary as well as HiFi systems. He had his own machinist shop and welding shop in back of their 3 car garage, and a old house he did electronics in. As a child, it was a bit intimidating to not know how anything worked. I thought he was a mad scientist or warlock or something. Except he was really really nice and cracking jokes constantly. But anyway, California then in Sunland I suppose was quite different and year round good weather he always had stuff going on. He tinkered on the fuel system a lot was my memory, but easily solvable issues by this time swapping to fuel injection perhaps. Hills in suburban Los Angeles, that mustang grunted and groaned and bounced like a Carver Pen Yan cabin cruiser top heavy boat in 6 foot swells. I’m sure everything can be addressed with aftermarket mods, but it’s going to take a very unique buyer to want this. It would be an excellent candidate for a complete EV swap. Imagine that electric van (Canoo) chassis and drivetrain with the convertible on top of the Canoo smooth power and nice suspension? Suddenly it would make a case for itself any nice day to jump in just for the heck of it. I don’t mean to burst any bubbles so don’t mind me. Maybe this rides way better than my aunt’s wannabe Steve McQueen fan club manager mustang.
Second or third car this week with no belt on the AC. It does get hot in New York in the summer. Could be a nice one if the price doesn’t get out of hand.
My ’70 coupes was my favorite. You can bet that the upholestery under those unoriginal seat covers is less than pristine. I like this car, but with the rust issues, top, and the inevitable surprises, I wouldn’t go much higher$.
Doesn’t justify AC or a swimming pool in new york summers, convertible should drop the price $1,000 as it may be cheaper in the long haul to weld a top on it.
Only 7673 produced. How many still w/us 53 yrs. later? Still worth saving imo bc it’s far from gone. That same 302/220hp was put in Grabber Stangs in 70 as well. Adam, once again, comes thru with objective & honest write-up
Agreed, seems very objective and reasonable.
White painted front spoiler sux. Ruined the looks. Buy you a can of black spray paint an pait it correctly.look ghetto
The “0” bidder used 17 bids to run the price to over $20 large.
I hope he wins it, so it can be listed again, when he doesn’t pay.
I tried to report the suspicious bidding activity but could not find a way to do it. Ebay only allows reporting listing complaints not bidding. It is obvious that the bidding is rigged.
Sold $20,200 with 23 bids.