How much is a 1968 GTX convertible worth?

Question

We have one sitting out by the garage that needs a new starter and some transmission work. My brothers keep telling me it's worth almost $200,000 because you simply can't find a '68 GTX convertible anymore. Is this true? What is this thing really worth as it sits?

A few more details:

It has 38,000 ORIGINAL miles

It's a V8 automatic with more than 500 HP (or so they tell me)

It's power everything (windows, locks, etc.)

The convertible top has been replaced once and it's been painted twice. It was originally red then white and now it's black.

Every single part is factory/original. Absolutely nothing besides the mentioned top has been replaced besides your basic batteries, belts and tires. All serial numbers match. The car belonged to my dad who passed away last November and he's been the sole owner since 1973. It now belongs to my mother.

Answer 1

If it's in very good-excellent condition and you take care of the starter/transmission issues, then It could potentially be worth about $60,000.  Not exactly 200 grand but 60k is still a lot of money!  But it really depends on the condition.  

If it is a factory Hemi car with the original engine, then it could be worth about $150,000 since it doesn't have the original color and top.  Factory 426 Hemi engines make about 465 horsepower.

But this car probably has a 440 Magnum, which make 375 horsepower from the factory unless it's been modified.

Find out what engine the car has.  If it's an original 440 car and currently has a 440, then it could potentially be worth about 60k.

If it's an original 426 Hemi car with the original 426 Hemi, then it could potentially be worth about 150k.  If it's an original 426 Hemi car with a non original 426 Hemi, then it could potentially be worth about 100k.

Just so you know, I'm very jealous of you!  But I hope that I helped you better determine the value of this car.  I'm not sure how old you are, but I'd recommend having fun with it before you sell it.  Muscle cars don't depreciate so the car will be actually be worth more in a couple years.  Good luck!

Answer 2

The answer above is quite good

It might be worth $200 K if it was a true "survivor" meaning ALL original - including paint - and in "original" condition otherwise and very low mileage - this car is neither

Some things for you to remember - repaints likely mean there has been rust which is a big enemy of these cars

The market for high dollar muscle cars has been soft over the last couple of years - not many cars are bringing $200k now anyways so your brother is dreaming

That said, it is a low production, desireable car I think the $60k might be a good estimate