S-Code Fastback: 1968 Ford Mustang GT

This 1968 Ford Mustang GT may look rough around the edges (it is), but this particular configuration is quite tasty no matter the shaky cosmetics. The seller points out it is a genuine S-Code, 4-speed fastback, one of only 3,708 produced that model year. Even better, this one runs, drives, and stops, and the reserve has been surpassed as of this writing. Find the Mustang here on eBay with bidding at $18K and located in Missouri.

The seller does not shy away from the fact that the Mustang has substantial rust issues, and he’s received two quotes of $13K and $15K to replace all perished metal and coat the body in primer. While that number can seem overwhelming to dump into a car before it’s eve driven, the seller maintains properly restored S-Code fastbacks can pull $90K at auction.

The other intriguing tidbit of the listing is the seller’s reference to the Mustang having what’s known as a “Bullitt VIN.” This is another way of saying that, aside from the Acapulco Blue paint, this is as close as you can get to having a twin of the McQueen car. The GT package included an 8K tach that’s still working, along with power disc brakes.

The Mustang remains largely stock but has received upgrades along the way, noted as a cam, headers, Hurst shifter, and aluminum intake. The seller is including a stash of new parts with the car, including brake lines, fuel lines, gas tank, radiator, hood struts, and a power brake booster. Is this S-Code fastback a potential nest egg as the seller claims?


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  1. George Mattar

    Another dreamer watching too much Barrett Jackson. Was a nice car maybe in 1970.

    Like 30
    • R. Sweeney

      Bidding has already surpassed the reserve, so apparently you are the one dreaming.

    • Steve R

      How is the seller a dreamer? It’s up for auction without a reserve. If you aren’t happy complain about the bidders, not the seller.

      Steve R

      Like 31
  2. Mike

    It’s more rare because “ONE of only FOUR in acapulco blue with an AM/FM radio.”

    That should put it in BJ territory.

    Like 1
  3. Classic Steel

    The metal is cheaper to do it yourself .

    So green it is and loose the side mirror right to be STEVE MCQUEEN..
    Don’t jump yet until repairs are made…

    About five to high but it will bring cash 💰

    Like 3
  4. CCFisher

    Hagerty lists the value of a #1 Mustang GT 390/4-speed fastback at around $95K, but few cars are restored to that standard. #3 condition value is $60K

    I’ve said it before – Mustangs are among the cheapest cars to restore, particularly if you’ve got some experience with a welder. If the selling price doesn’t go much higher, there is room to restore it to cruise night standards and have some fun with it.

    Like 12
  5. Billieg

    The 68 fastback is my favorite mustang. But this one….. At least $12k to $14k for body work, another $4k to $5k for a top notch paint job, another $3k to $4k for interior and missing parts, Another $2k to $4k for chrome, mis BS and mechanical work and you have at least $25k just to get it in nice shape. Add in $20k to buy it and now you’re in it at $45k or more. Take it to the auction and get $60k for it and after auction fees you will wind up with around $10k profit if you are lucky for all that time and trouble. No thanks….

    Like 6
  6. NotchNut

    WOW! At least you can see the rust holes on the aprons and floors. I can only imagine what the rails look like.

    Like 3
  7. Eric

    All it needs is an old donor Bronco frame to slap the body on to : )

    Like 8
  8. Boatman Member

    “Hood struts”?

    Like 2
  9. Dave

    125,000 in restoration cost then retail value will be about 75,000 make sense? only if you really love it. Nice thing about a fully restored car is that it will last a really long time and will be great to pass along to the younger family members. My oldest daughter has her eye on my Cuda.

    Like 2
  10. Dave

    My brother had the twin to the Bullit car and left a very warm spot in my heart. I kept thinking that one day I would get one for myself. I am still thinking.

  11. Paul

    This car has some great potential!
    If you really like this car….don’t buy it now….follow the vin number and wait until the it comes up for sale after its been restored…..let the next buyer take the hit! you will save money in the long run!

    The current seller is a smart person selling it in the condition it is currently in.

    Like 4
  12. Terry

    Recent auction pricing with commission on a #2 condition car was $42K at Mecum auction. $90K auction price extremely unrealistic……

  13. Dave Tacher

    Junk. …….

    Like 1
  14. JOHN Member

    What I remember the most about these was the fun changing spark plugs. Even more fun when it still had the Thermactor air pump and air injection tubes on the car.

    Like 1

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