Original 428 Cobra Jet: 1968 Ford Mustang GT

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Occasionally, a classic appears on our desks at Barn Finds, where identifying its strongest attribute is challenging. Such is the case with this 1968 Mustang GT. It features one of the most desirable engines offered that year, has a long-term ownership history, and has an exceptionally low odometer reading. After fifty years as part of the same family, the time has come for this Mustang to move on to fresh pastures. Therefore, the seller has listed it here on eBay in Paris, Ohio. Bidding sits below the reserve at $35,100, with time remaining for interested parties to stake their claim on this beauty.

The original owner ordered this Mustang in June 1968, selecting the color combination of Lime Gold with a Black vinyl top. It retains that combination, with the seller stating the spotless vinyl is original. There is a question mark hanging over the paint’s originality, and there is some indication the car may have undergone a cosmetic refresh. It isn’t perfect because the seller admits there are minor marks and imperfections. However, the panels are straight, there are no bumps or bruises, and the GT is claimed to be rock-solid. The seller has been its custodian for over fifty years, and it spends its idle time squirreled away in a warm and dry garage. That helps explain its rust-free status and impressive preservation level. The trim condition is as spotless as the rest of the exterior, the tinted glass is flawless, and the Mustang rolls on a correct set of wheels wrapped in narrow whitewalls.

Lifting the hood reveals one of the attributes that makes this Mustang genuinely special. It features its numbers-matching drivetrain, consisting of the legendary 428 Cobra Jet V8 and three-speed C6 automatic transmission. This beautiful V8 delivers 335hp and 445 ft/lbs of torque, allowing the GT to scorch through the ¼-mile in 14.3 seconds on its way to 129mph. That level of performance makes the original owner’s decision to specify power front disc brakes look pretty wise. The seller admits the engine is missing some of its original air cleaner components, but that seems to be the only notable shortcoming. It has been appropriately maintained during the past five decades and has a claimed 27,000 genuine miles on the clock. There is no mention of verifying evidence, but the ownership history makes its presence possible. Disappointingly, there is no information regarding how the GT runs or drives. However, the seller seems approachable, meaning they may be willing to clarify that question.

If the seller’s claims are valid, this Mustang’s interior is another aspect that sets it apart from many of its peers. It is common for these cars to receive at least a partial retrim as items deteriorate, but the seller states everything inside this GT is original. The exception is the column-mounted tach, which is the only aftermarket addition. The Black upholstered surfaces show only minor stretching on the driver’s seat. There are no signs of wear or abuse, and the pad has avoided the rigors of age and UV exposure. Some black dash items exhibit minor wear, and there appears to be slight fading on the carpet behind the shifter. Overall, this interior is easily acceptable for a survivor-grade classic.

This 1968 Mustang GT has attracted fifteen bids so far, and the only surprise for me is that the figure isn’t higher. There is little to criticize about this classic and plenty to like. A recent bounce in the market has seen buyer interest grow following a disturbing slump. However, there remains some uncertainty when assessing the potential value of some vehicles. Therefore, the ball is in your court with this GT. I will be fascinated to read your take on the possible reserve and what you think the price will be when the hammer falls. If you hit the mark, maybe a career in vehicle valuation is awaiting you!

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Comments

  1. CHRIS BARTKU

    Paint on the door tag hmmm and sellers rating suspect – that’s why bidding is muted IMO

    Like 7
    • Tony

      Also, inside the trunk, the wiring harness has been painted. Some kind of history here. Cool
      Car, but I’d want to inspect it in person.

      Like 5
    • John Fletcher

      I recall that these big engines fit so tight that you could not change a couple of the spark plugs without some special “lift” of the block.

      Like 3
      • RH FACTOR

        Yeah, you could but it was difficult around the master cyl. and booster…

        Like 2
      • stillrunners stillrunnersMember

        yes….these FE motors were tight – I had to do one or two from the bottom…

        Like 1
      • Dwight Bennett

        My 390 Mustang’s engine had the rear two spark plugs canted frontwards toward the shock tower; and the front two spark plugs were canted rearwards toward the shock tower on both sides of the engine. Yes, it took me a long time to figure out how to change the plugs, but I did it by having a sparkplug socket (with rubber insert to hold the plug in the socket) attached to a u-joint, that was attached to a couple of extensions, then the ratchet wrench. I had to use a long screwdriver to guide the dangling socket with the plug into the hole.
        I got quite good at changing the plugs, and could do it in maybe ten minutes longer than an engine with easily changed sparkplugs. No need to lift the engine block (although I had considered that early on).

        Like 1
  2. BoatmanMember

    It must be a beast to steer with that behemoth under the hood!
    And I wonder how rare a GT coupe is?

    Like 3
    • JoeNYWF64

      Especially if there’s no power steering (& you need to parallel park!) – can’t tell for sure here.

      Put on a regular hood, wider whitewalls, wheel covers – & what a sleeper.
      I thought the 428 stangs turned 13s, not 14s.

      Like 3
      • Kevin

        Slicks would probably put it in the 13s,but I’m sure traction was an issue, with all that torque, and light ass end!

        Like 1
  3. Big_FunMember

    Odd that this has the big 428. I associate that engine with the fastback. But, you could order what you wanted in ’68. The proof is in the Marti Report. That is a great document to have to prove the pedigree.
    I see the seller has a negative feedback – buyer left no comments on a harmonic balancer.
    Of course, an in person inspection is always the right decision.

    Like 9
    • Trey

      It’s not that you could order what you wanted, but the CJ was available for the fastback, coupe, and convertible.

      Like 2
    • Ben

      Big_Fun tell me if I am goofy, but it seems strange there’s only 2 little GT badges on the fenders and that is the only ones normally they are on the door panels also. Same way with glove box and the steering wheel. That’s in sad shape look like rat chewed on it. And no factory Tach and console. I believe they are included on GT trim.

      Like 1
      • BoatmanMember

        It has the GT gas cap and the grille lights. I don’t recall ever seeing emblems on the doors.

        Like 6
      • Tony

        The only GT emblems is n a 68
        Were on the fenders, gas cap, and wheel centers.
        The tachometer cluster was an option.
        Every GT I’ve seen had a center console, but it’s possible you could delete it when ordering. Years ago I had a ‘68 Shelby GT500KR that was a console delete car. That was the one thing that really bothered me about it.

        Like 4
    • JoeNYWF64

      Even odder is that the straight 6 was available in the fastback thru at least ’69!
      & possibly through ’73?

      Like 0
  4. Stan StanMember

    Bit of a sleeper. 🏁

    Like 5
  5. Shuttle Guy Shuttle GuyMember

    Is the hood scoop factory?

    Like 1
    • Tony

      Yes. With an R code

      Like 1
    • Dwight Bennett

      As a past owner of a “plain jane” dark green 390 4-speed notchback 1968 Mustang (like McQueen’s car w/o the fastback), I can attest to the fact that the GT’s had only “GT” on the front fenders (as seen in these photos) rather than a engine displacement badge. Mine was not a GT, so mine had 390 emblems where this one has the GT emblems. Yes, this one should have the GT gas cap and hubcaps.
      But what I find interesting is that all the big-engined Mustangs (390’s and larger) ALL came with tachometers in the right full-sized binnacle. Why does this one not have it? And putting that after-market tachometer on the column? I say “tachy.”

      Like 3
      • Ben

        Seen the Mardi report and it says it was ordered with the GT trim, but what all does that trim consist of. I thought it might have the GT badge on the inside door trim. Sameway with a console

        Like 0
      • Trey

        Even the brochure shows the tach was not standard with the GT package.

        http://www.lov2xlr8.no/brochures/ford/68stang/bilder/10.jpg

        Like 3
      • Trey

        Tach was not included with the GT package.

        http://www.lov2xlr8.no/brochures/ford/68stang/bilder/10.jpg

        Note there it says “available with any V8” without any reference to the GT package.

        http://www.lov2xlr8.no/brochures/ford/68stang/bilder/9.jpg

        Like 3
      • JoeNYWF64

        Trey, interesting that the 10.jpg pic link mentions the 427 motor – that was also available in non fastbacks for ’68?!

        Like 1
      • CATHOUSE

        There were zero 1968 Mustangs factory built with a 427 engine in them.

        Like 3
  6. 59poncho

    OK Camaro guy here so bear with me, I thought it would say GTA on the automatics? As a kid I lost a race to a 390 coupe I thought said GTA on fender?

    Like 4
    • Trey

      For 1967s

      Like 5
      • 59poncho

        Thanks Trey I thought the car I raced was a 68. Many moons ago!

        Like 1
    • Dwight Bennett

      You are correct! I forgot to mention that if a GT Mustang had an automatic transmission, then the fender emblems read: GT-A.
      BTW: I beat many Camaros with my 390! It was a true sleeper!

      Like 0
  7. Rickirick

    I’m gonna be positive here guys. This is a true classic if all is true. Like Big_Fun said, “the proof is in the Mardi Report.” You’d think being the original owner for past 55 yrs. this seller would provide it. That would settle most doubts. Once again, well written article Adam.

    Like 4
    • BoatmanMember

      How did you miss the Mardi report, Ricki? And four of your friends!

      Like 0
      • Rickirick

        Idk Boatman. Maybe u should be Wiseman. Lol. Posting on ebay he states he has it. So I stand behind my opening sentences then.

        Like 0
      • Trey

        Rickirick, the Marti was posted in the auction listing plain as day.

        Like 2
    • CATHOUSE

      The seller does not claim to be the original owner. Their claim is that the car has been owned by the same family for 50 years and they make no claim of being a part of that family. My guess is that the seller is a flipper and has only owned the car for a short period of time.

      Like 2
  8. BillB

    No underside photos of a car from the rust belt?

    Like 1
  9. CCFisher

    No mention of this car’s rarity? 1299 428 Mustang GTs were built for 1968. Only 221 were coupes, and of those 119 had automatic transmissions. To find a coupe with its original engine is exceptionally unusual. Many were lost to abuse or to a project thought to be more worthy.

    Like 1
    • 59poncho

      The toploader I have for my 70 Boss project decodes from a 68 428 Stang
      How many 4spd’s for 1968 428 Mustangs?

      Like 0
  10. 59poncho

    Someone with that same handle was banned from a site I frequent.
    This sellers feedback seems to coincide……………..

    Like 0
    • Ben

      But the Marti report says everything is up and up about this car

      Like 0
      • 59poncho

        Feedback rating is there for a reason. At least go see it in person.
        83% is pretty sad

        Like 1
  11. Mark Z

    Having a new 67 GTA 390 coupe in high school I can tell you mine had no GT badges inside and no factory tach. I did add a Shelby tach and horn trim.

    Like 1

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