I said 25-30K because the car is not perfect. It needs some stuff to take it into trailer queen. To be expected because this car was driven and enjoyed. My estimate is based on what I have seen. This is a H code which is lowest engine offered on a Mach1. It has an FMX not c6. Color is nice and upgrades are nice. Thats why I am leaning toward 30k but would really have to be seen in person. A cobrajet with an auto goes 50-55k (my project CJ cost 15.5K and has engine and scoop). Just because it is someone here selling it I would not overvalue it. If he was selling it, listing at too high of price will keep it on the market too long. Then buyers will use this against him. Maybe I am cheap but that's how I see it. If you are selling it, good luck on the sale. Looks like prices continue to rise.
All automatic 1969 and 1970 351Ws (and the '70 Clevelands) came with FMXs, not a C-6 (which only came with 390 (1969) and 428s in Mustangs those years). This is a very nice driver 1969 Cobra Jet that isn't selling for the $40K range... IMO, the market just flat-out sux for sellers right now. Here's the ad:
"I'm selling my 1969 Mach 1 (9F02R). Details below.
[Red car/black interior]
1969 Mustang Mach 1
R-Code, Ram Air Shaker
428 Cobra Jet
C-6 Auto w/shift kit and stall converter (not original trans, no cast iron tailshaft)
Fresh built motor in 2013, standard bore, is a Jan 1969 C-scratch CJ Block, 428 stamp in the water jacket.
Dyno tested after build, 392hp and 485 ftlb torque.
Mileage unknown, odometer reads 83,000 but cluster is not original to the car.
Car is incredibly solid for a 47 year old car. Was originally a southern car.
I have receipts for the build and all parts purchased (unless it was a cash transaction from swap meet).
Have the Marti Report as well. Car was built April 1969.
Has fold down rear seat.
New interior (all seats) done in 2015, carpet done in 2012.
Basically was a rolling body when purchased. I had to source everything from interior (every component), to drivetrain (engine, trans, drive shaft, axles, wheels, etc), brakes, wiring, etc....
Car has been driven to local car shows and cruise nights.
Vehicle is located at my home in New Hartford, NY, about 1 hour east of Syracuse."