Rare Combination: 1967 Ford Mustang GT Convertible

After 23-years, the owner of this 1967 Mustang GT Convertible has raised the white flag and admitted that he is never going to get to the point of restoring the car. As such, he has decided sell it, and I have to say a big thank you to Barn Finder Roger for referring the Convertible through to us. It is worth serious consideration, because while it needs some work, it is a pretty unusual car in its own right. It is located in Bartlett, Illinois, and has been listed for sale here on Craigslist. You can take this Mustang project home today by handing the owner $25,000.

As you can see, the last time that the Mustang saw a road was way back in 1974. It has been in storage ever since, and the next owner is going to have some work ahead of them to recapture this classic’s glory days. It appears that it is suffering many of the usual Mustang rust problems, as the owner acknowledges issues with the floors, and also makes mention of the need for some patch panels. Chances are good that this will include areas such as the lower rear quarter panels, and possibly the bottoms of the fenders and rockers. It isn’t clear how healthy the frame is, so this will need to be determined by personal inspection.

The interior of the Mustang is a pretty sad and sorry sight, so a complete restoration is going to be on the cards. The dash has been partially dismantled, and it isn’t clear whether all of the removed pieces are included in the sale. The same is true of the door trims, but it does look like at least the seats are present. The owner does acknowledge that there are some minor parts missing across the car, and I suspect that a few of these relate to interior trim. Still, if the Mustang is restored to its original combination of Candy Apple Red with Black interior trim, then it will be a very attractive looking car.

Even from the 20-feet away that this photo was taken, the rattle-can work on the engine is pretty obvious. It isn’t a quality piece of work, and to my mind, it is no way to treat a classic that has been equipped from the factory with a 390ci S-Code V8. The owner claims that the Mustang has traveled a genuine 16,000 miles, and if it has really been off the road since 1974, then this is certainly conceivable. Hooked to the back of the 390 is a 4-speed manual transmission, and while it isn’t specifically stated, I do believe that the engine and transmission are both original. Once again, there are a few items such as the carburetor that are missing. However, if the engine and transmission are original to this car, then it actually represents a pretty rare combination. Production figures indicate that 44,808 Mustang Convertibles were built during the 1967 model year. When you add an S-Code and a 4-speed to the mix, that is a real game-changer. This combination in a Convertible amounted to a grand total of 940 cars, making this one a pretty special vehicle.

We’ve seen plenty of pretty rusty Mustang project cars that have been revived here at Barn Finds, and this one looks no worse than any of those cars. If the S-Code and 4-speed are original, that gives the Mustang an added level of rarity. With nicely restored examples of the same configuration commanding prices of $90,000 or more, that would seem to make the restoration of this car well worth the effort.


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  1. Rob

    traveled a genuine 16,000 miles yeah right what is wrong with people, easy to tell its 116,000 miles

    Like 12
  2. Classic Steel

    Its hard to make out the engine. This is the heart ❤️ of the high ask 💰💰.
    I guess showing up close pictures of engine and serial numbers might have been beneficial to sell 👀😏l .

    Could be a nice car if numbers tie out…..if not subtract high dollars from asking price..

    Like 3
  3. MorganW Morgan Winter Member

    Adam, not to be a nit-picking jerk, but I believe the expression is “in the cards” rather than “on the cards”. That being said, I always enjoy reading your posts!

    Like 4
  4. Ian McLennan

    16,000 of the hardest miles known to man!!!
    Like hell. Gimme a break!

    Like 12
  5. Stangalang

    Built in 67..taken off the road in 74..what the heck happened to this car? I smell a strong pungent odor of fish..and no engine verification..just another ragged out mustang imho. If the mileage is correct which I doubt from the looks of it..again what the heck happened??

    Like 7
    • Steve R

      The lack of any inspection stickers after 1974 doesn’t mean it was removed from the road that year. The author offers no proof of mileage or when it entered storage. A picture of the odometer and an old sticker on the windshield mean little to nothing.

      Steve R

      Like 11
      • Greg

        Agreed. Car and it’s owner after 1974 could have moved to a different state where window decals weren’t used for registration or inspection and then the old sticker was just left on the window. Way too beat down to be a 16k miles car that was on the road only 7 to 8 years.

        Like 4
      • Bill Hall

        We don’t have vehicle inspections out WEST . But things also don’t rust to nothing unless someone is very stupid and leaves no top convertible outside forever.

        Like 1
  6. Bob_in_TN Bob_in_TN Member

    A 390 4-speed convertible is a coveted model. This one might be a good starting point, might not be, not enough (good) pictures or info to tell. I don’t closely follow the “restored” prices on these, but the quoted number seems very high — maybe for Condition 1 examples? Thus the asking price seems high also.

    The seller of a car like this, asking prices like this, should step up to the plate…. “Show Me The Marti Report.”

    Like 5
  7. Rob

    Its a Craigslist listing anyways I dont trust them noways id it was on e-bay maybe but this one is a lost cause in my book LOL

    Like 1
  8. JOHN Member

    I love the Ford blue alternator, it must have been restored

    Like 6
  9. Kellerg

    And people say that Mopar prices are ridiculous…

    Like 3
  10. FordGuy1972 FordGuy1972 Member

    $25k for that? This poor, neglected Mustang needs everything restored/replaced/rebuilt. It certainly would be a desirable car when it’s finished but the seller seems to be shooting for the moon on this one. I’m probably wrong because I’m not a Mustang fanatic but c’mon; really? $25,000 for that?

    Like 6
  11. CCFisher

    Being of unitized construction, there is no “frame.” There are structural elements that resemble a frame when combined, but they do not stand alone, as a traditional frame does. Also, the outer rocker panels are galvanized, and rarely rust. Everything else, however, is very susceptible to rust, including the beefy inner rocker panels used on convertibles.

    Like 4
  12. Little_Cars

    What’s with the scalloped edges on that one ID tag, held on with what appears like a low profile phillips-head screw? Looks like an afterthought, or something extremely important randomly attached somewhere in the engine bay? Don’t kill me, people, I’m not a Mustang expert by any stretch. This is a Chicago car–could be full of hidden tin worms hibernating until you get the car home in your shop!

    Like 3

      The CL listing has expired so I am unable to see the photo you are talking about, however what you are describing sounds like what Ford calls a buck tag. This tag will have the VIN and other codes on it that tell you about the car. In the Mopar world it would be the same thing as a fender tag. I think that the GM version was attached to the face of the cowl. Depending upon the model year and which factory built the car the mounting location of this tag can vary. For a Dearborn (code F in the VIN) built car they are usually attached to the face of the radiator support on the passenger side. They are attached using a single phillips head screw.

      Like 1
  13. The old guy

    Another ”Rust’”tang w low miles !!
    And a seller w blurry vision! Lol
    What a deal! Hellllooooo!!??

    Like 3
  14. MrMustang

    I wouldn’t give 25K for that car and I am a Mustang guru, big block car or not.

    Like 3
    • Mike

      EXACTLY!!! I’m thinking $7K. $8K, tops.

      Like 1
  15. Paul

    That must have been a rough & tough 7 years of driving to look like it does now….last driven in 1974

    Like 2
  16. Trevor Nightingale

    25 000 For what a big empty space and most of it not there a sprayed blue Dynamo,Hmmmmmmm I don,t think so Tim.

    Like 2
  17. J-

    Dont forget low milage! J- 😎👍

  18. Mike

    Posting on Craigslist has expired….imagine that

  19. jimmy the orphan

    All these mustangs are rust buckets I don’t care what code they are. Anybody that pays more than 6 or 7k for this thing is just plain foolish. I restored one 10 or 15 yrs. ago for a relative and he drove it into my shop.! After we blasted it I couldn’t believe my eyes. We worked for days and days and then some more days to get the body right. After that it was pretty straight forward. Turned out real nice if I don’t say so my self. But no more mustangs. Well maybe if you got me knee walkin blind drunk and had 50k cash in a brown paper bag I’d work on this car. No forget it Later JIMMY

    Like 4
    • Classic Steel

      I agree … much much work and cash if farmed out with well deserved billing. i have welded for decades and restored my 67 Rustang Convertible as a labor of love or craziness but it turned out great with purchase at a low low price.

      My Stang was a NOM vert with a later low ponies 302 boat anchor that I swapped with a “289 Windsor” engine. (At least the engine was a odd as Ford failed JIT inventories.. another story)

      It required welding in pans, torque boxes, rear qtr skins, rear wheel wells (test the convertible assembly resting on too of wells correctly) front outer rails, inner rocker supports , door skins .. it turned out well and my door s shut and gapped well aftter the ah ha moments 😎

      Fyi- to the backyard mechanic… the doors gapped well on “second” adjustments of skin to door area welding after putting on briefly with just a dab or two of glueing the weather stripping. I was glad i tested as the doors as the first time without rubber seals fooled me which had aligned perfect 🤔😉 until seals pushed it past adjustment 😎

      Like 3
  20. James Fabry

    Why even list this car this guy has been watching Barrett Jackson auctions to much. I’ll give the owner some words of wisdom if your going to let a car set and rot away for a ( 35.000) asking price will it to your grandchildren.

    Like 1
  21. TimM

    16,000 miles going through the woods using it as a firewood hauler!!!! How gullible are we????

    Like 2

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