Author Topic: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found  (Read 1263 times)

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Offline redscj

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #30 on: October 13, 2018, 10:01:23 am »
     It has to be a labor of love. Non original motor & trans from what I have read. As Kerry has pointed out, a decent restoration is going to be tough & I bet expensive. I don't know what he paid for it, I haven't followed the thread diligently. But at least some value can be squeezed out of the engine & trans sale. Of course the purchase of reasonable dated replacements will likely add up to more than the sale of the old parts.
     As has been pointed out to several potential purchasers of Mustang project cars. What is the best outcome the op can expect? Bottom line, what is the expected value of it as a higher end driver?
     Just as a side note, when I met my future wife. Her mother had just bought a new 68 Cougar. It was a sharp looking car, dark blue with a black vinyl top as I recall. Likely just an automatic 302 with ac but I think it was an XR7. Come to find out the salesman sold it but it was actually a special order for a different customer. The deal turned ugly & the dealership traded her into a Brougham. She was reasonable happy. A bigger car, maybe a 69, I don't recall. Eh, not a great car.
     I wish the op good luck.
Grant
69 Mach 1 Dearborn SCJ 4.30 4spd 6/17/69 Candy Apple Red
69 Sportsroof Metuchen SCJ 4.30 C6 5/28/69 Acapulco Blue

Offline Karguy

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #31 on: October 13, 2018, 02:47:09 pm »
     It has to be a labor of love. Non original motor & trans from what I have read. As Kerry has pointed out, a decent restoration is going to be tough & I bet expensive. I don't know what he paid for it, I haven't followed the thread diligently. But at least some value can be squeezed out of the engine & trans sale. Of course the purchase of reasonable dated replacements will likely add up to more than the sale of the old parts.
     As has been pointed out to several potential purchasers of Mustang project cars. What is the best outcome the op can expect? Bottom line, what is the expected value of it as a higher end driver?
     Just as a side note, when I met my future wife. Her mother had just bought a new 68 Cougar. It was a sharp looking car, dark blue with a black vinyl top as I recall. Likely just an automatic 302 with ac but I think it was an XR7. Come to find out the salesman sold it but it was actually a special order for a different customer. The deal turned ugly & the dealership traded her into a Brougham. She was reasonable happy. A bigger car, maybe a 69, I don't recall. Eh, not a great car.
     I wish the op good luck.

Noted Cougar expert Don Rush has stated this car's restored value is over $200,000.  Several other noted cougar folks have weighed in between $150k and $200k.  A whole slew have stated a minimum value of $125K to $150k.  So there is literally a $100,000 spread in value with the experts being at the top end. 

On 1968.5 cars, as many of you know, the only VIN stamp is going to be a barely readable one on the block below the driver's side cylinder head, or actually ON the back of the driver's side cylinder head. The rest is just date code correct parts. Having drag racing history, a car is usually forgiven some of its hit for a NOM engine.  They recently found one of the only two Boss 429 Cougars, both of which were drag raced extensively. All that was left was the front dog house with the shock towers and an empty floorless body shell.  With all of that missing, it will still be a fabulously pricey car when restored.

On this car, I posted it with a no reserve to let the market speak. Let's all enjoy the show.  :) Oh, and original purchase price was $1,000. 
 

Offline redscj

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #32 on: October 13, 2018, 04:09:17 pm »
     Is there any sales history to back up those estimates? Either way, just the values of the drivetrain should provide you with a nice finders fee.
     By any chance did you get to query the owner or rummage through his place for related parts? Sometimes what is leaning up against a wall or under a work table can be pretty interesting.
Grant
69 Mach 1 Dearborn SCJ 4.30 4spd 6/17/69 Candy Apple Red
69 Sportsroof Metuchen SCJ 4.30 C6 5/28/69 Acapulco Blue

Offline Karguy

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #33 on: October 13, 2018, 05:55:44 pm »
     Is there any sales history to back up those estimates? Either way, just the values of the drivetrain should provide you with a nice finders fee.
     By any chance did you get to query the owner or rummage through his place for related parts? Sometimes what is leaning up against a wall or under a work table can be pretty interesting.

There has been only one 1968 Cougar 428CJ 4spd car that has sold publicly for the last five years and that one was a "GTE".  It was a survivor" with cracked and thin green paint and the original cracked tan leather interior, some rust and two previous body repairs. It brought $228,000 in 2015. It was still a nice looking car, but far from perfect. An automatic 427 GTE in nicely restored condition recently brought $180k in 2017.  But it was an automatic.  They only made 64 4spd 428CJ 1968 Cougars and ALL of the 427 GTE cars were automatics and they made a lot more of them.  The Green $228k GTE was one of only 3 with the 4spd out of the 64 4spd 428CJ 1968.5 cars which is why it brought a premium. With the "drag pak" type options like the 4:30 rear axle on this one it will be one of few, if not the only one like it that may ever come up for sale.   While this one was not the "luxury" version the GTE is, it is more of a drag car and much more rare. 

I did look through everything and was able to save the original 428 valve chrome covers, intake, carb and oil pan with windage tray. 

Offline 68stangcjfb

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #34 on: October 13, 2018, 06:56:11 pm »
Just so you know, 68 1/2s didn't come with windage trays.  they came along early in the 69 model year.
68 Mustang FB CJ auto 3.91s Tasca Car,  68 Torino FB GT CJ 3.91s, 67' Fairlane SW 428 CJ 4sd, 65 Falcon Sedan Delivery 5.0 aod, 58 T bird 352 auto, 61 T bird 390 auto, 95 T bird SC aod, 68 Torino 4dr 302 C4, 64 falcon sprint conv. 4 sp. 2 '57 T Birds.

Offline Karguy

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #35 on: October 13, 2018, 07:18:56 pm »
Just so you know, 68 1/2s didn't come with windage trays.  they came along early in the 69 model year.

The engine currently in the car is a February 1969 built 428CJ so I was glad to get it. 

Offline Karguy

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #36 on: October 14, 2018, 09:02:52 pm »
So what would be the proper engine date code range for a June 6, 1968 428CJ build?

Offline redscj

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #37 on: October 15, 2018, 04:55:24 pm »
     Ouch, finding those parts might be a Herculean task. Just guessing, you'd be looking for basically early 68.5 Mustang drivetrain stuff. I suspect that the carb, distributor, air cleaner & smog stuff will be the hardest to find.
     A couple of years ago, a local guy here had a May of 68 block. So they're around. Of course you mentioned that you have the intake & carb so that is a big help. Look all over the current engine to see if any of the original parts migrated to it. As for dates. Best that I can offer is the 1 to 3 months prior to the cars build date general rule.
     I'm sure that several forum members would appreciate if you would post pictures, casting number & date to the intake.
     As a side note. Remember part of the high price is based upon the rarity of the car & the cost to restore it. Hang on to your wallet if you are going to be involved in the restoration.
Grant
69 Mach 1 Dearborn SCJ 4.30 4spd 6/17/69 Candy Apple Red
69 Sportsroof Metuchen SCJ 4.30 C6 5/28/69 Acapulco Blue

Offline Karguy

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #38 on: October 17, 2018, 10:09:42 am »
Number five on the highest number of watchers and climbing 

http://www.watchcount.com/#serp

Offline Karguy

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #39 on: October 18, 2018, 04:37:31 pm »
"In a issue of SS/DI there is a picture of Dyno Don racing a fairly stock 1968 428CJ Cougar. The car was painted black"

Anyone have any info on this statement???

Now over 10,000 views and almost 600 watchers and the number two highest number of watchers of any current ebay auction.
« Last Edit: October 19, 2018, 07:30:06 am by Karguy »

Offline Karguy

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #40 on: October 21, 2018, 08:24:49 pm »
Well, another 68.5 benchmark  $26,766 for a restoration project 1968 Cougar 428CJ 4spd 4:30 Traction Lok Staggered Shock car with NOM engine and trans.  It will be very exciting to watch the next chapter in this car's life.

Offline gregwill16

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #41 on: October 21, 2018, 08:40:18 pm »
Nice profit! I figured it would go pretty high but exceeded my expectations. Hopefully it went to someone that will give it the love it needs and they have deep pockets to boot.

Offline Karguy

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Re: 1968.5 Cougar 428CJ R-Code 4spd 4:30 Car Found
« Reply #42 on: October 21, 2018, 08:53:48 pm »
The guy that got it has been hunting for a 68 CJ 4spd Cougar for years and has a few other significant Cougars. Of course he hoped to find a better starting point, but with none available you have to take what you can get.
« Last Edit: October 21, 2018, 09:55:25 pm by Karguy »