Rare Mustang #1: ’65 Ford Mustang K-Code Convertible
We spent some down time this weekend watching the Mecum Muscle Car and More Auction in Chicago. Prices seem to be holding and in some cases, marching forward. The commentators almost always give some professional perspective to the pricing and desirability of cars that cross the line. Yesterday was one of those days that vindicated what we have always thought: ’65 Mustang K-Codes are on a tear. We searched the internet and found what might be a K-Code that is priced right. Our convertible find is the top of the heap for K-Codes with the GT optioned K-Codes cars being the most rare. Although this one does not have the GT Package, it looks terrific except we don’t know why a seller wouldn’t find the proper steering wheel chrome center piece to replace the missing one in the photo. That gave us pause. But what is important with any K-Code is provenance. These aren’t easily faked. The Hi-Po package consisted a lot of big and little things besides the solid-lifter 271hp engine: from a 9″ rear end to quick ratio steering. Clearly you know you have run across a fake if it has A/C or an automatic. They were not available at all. This one has the dealer sales receipt, window sticker and other paperwork that pretty much seals the deal. We love the redline tires and the optional chrome wheels but the seller states it came with spinner wheel covers and they go along with the sale of the car. Hagerty Valuation Tools has #4 cars, cars that need just about everything, at $41,000. This example couldn’t be any worse than a #3 and probably better than that. A #3 car is valued at $56,000. Today’s featured convertible is being offered at $49,500. Not chump change by any means. But it is for a potentially great car that has value going in the right direction. We like Burgundy cars too. Click here to contact the seller.